ADAUSDT is creating Head and shoulder on daily Timeframe 🦐

ADAUSDT is creating Head and shoulder on daily Timeframe 🦐

After a nice profit with our previous idea, the price tested 0.5 Fibonacci retracement (weekly Fibonacci) and monthly support.

Now the price had a bounce, and it is retesting the previous 4h support.
We need to wait to understand the scenario.

IF the price will have a breakout downward and flip the monthly support as resistance, we can search for a nice short, Otherwise, IF the price will have a breakout upward and flip the daily resistance into daily support, According to Plancton's strategy, we can set a nice order
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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.
  
• ⚫️ Black structure -> <4h structure.
  

Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.