Evening Traders,
Today’s analysis – ANKRUSDT – trading at a key Daily S/R where a bullish deviation is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Objective
- Low Volume
- Oscillators Neutral
ANKRUSDT’s immediate price action is impulsive, holding a key Daily S/R, allowing for a bullish bias.
The immediate objective is taking out the Local S/R, taking this level will increase the probability of testing the swing high.
Current Volume Profile is on a decline, an impulse is highly imminent when an expansion occurs.
Both oscillators are trading neutral, penetrating their bullish control zones will be indicative of strength.
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,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Today’s analysis – ANKRUSDT – trading at a key Daily S/R where a bullish deviation is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Objective
- Low Volume
- Oscillators Neutral
ANKRUSDT’s immediate price action is impulsive, holding a key Daily S/R, allowing for a bullish bias.
The immediate objective is taking out the Local S/R, taking this level will increase the probability of testing the swing high.
Current Volume Profile is on a decline, an impulse is highly imminent when an expansion occurs.
Both oscillators are trading neutral, penetrating their bullish control zones will be indicative of strength.
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,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
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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!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/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.