ENS / TetherUSShort
ENSUSDT is testing the key support
The price is testing the 4h support on 0.786 Fibonacci level, it's a key level.
The price got a rejection from the 21$ where the price created a double top. we were waiting for ta breakout, but the price didn't satisfy our rules for it.
How to approach?
0.786 is a key level, the price must hold it, but if the price is going to lose it, the next support is 13.50$. the scenario is invalidated if the price is going to have a breakout above 16$ with confirmation
The price got a rejection from the 21$ where the price created a double top. we were waiting for ta breakout, but the price didn't satisfy our rules for it.
How to approach?
0.786 is a key level, the price must hold it, but if the price is going to lose it, the next support is 13.50$. the scenario is invalidated if the price is going to have a breakout above 16$ with confirmation
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.