ADAUSDT is testing a weekly resistance

The price created a descending channel on the daily timeframe and had a breakout from it. The market had another important breakout from a key level (1$) after the price created an Adam and Eve pater below the monthly structure.

On the 4h timeframe the price is testing the weekly resistance on 1.2$

How to approach?
The price needs to create a new breakout from the weekly resistance and retest as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐

Yorum:

The price got a rejection by the weekly resistance so far.
We need to see a clear breakout for bullish continuation