GRTUSDT is trying to go higherThe price got a rejection from the 0.5 Fibonacci level, in that case, the level is on the daily resistance (The blue one).
The price is starting to create a higher high and higher low, and we could expect a new higher high above the 0.62$.
On the lower timeframe (4h below) the price created an inverse head and shoulders on the weekly support.
How we can trade this scenario?
I'd like to see a new higher high above the daily resistance driving a new high volume. If that case we could apply our Plancton's rules and look for a new long position.
Beware of Bitcoin, if it will break the bear flag, we could see a GRT retest of 0.54
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
