Evening Traders,
Today’s analysis – ANKRUSDT- trading above its Local S/R where in impulse is probable,
Points to consider,
- Price Action Ranging
- Local S/R Support
(.382 Fibonacci Confluence)
- Swing High Objective
- Low Volume
ANKRUSDT’s immediate price action is ranging above its Local S/R with the that is in confluence with the .382 Fibonacci, allowing for a long bias.
The swing high is the immediate objective, exceeding this level increases the probability of a trend continuation.
Current volume profile is below average, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, ANKRUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee
Today’s analysis – ANKRUSDT- trading above its Local S/R where in impulse is probable,
Points to consider,
- Price Action Ranging
- Local S/R Support
(.382 Fibonacci Confluence)
- Swing High Objective
- Low Volume
ANKRUSDT’s immediate price action is ranging above its Local S/R with the that is in confluence with the .382 Fibonacci, allowing for a long bias.
The swing high is the immediate objective, exceeding this level increases the probability of a trend continuation.
Current volume profile is below average, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, ANKRUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.