Evening Traders,
Today’s analysis – ANKRUSDT- trading towards its apex where a move will be imminent,
Points to consider,
- Price Action Impulsive
- Internal S/R Support
- Local S/R Resistance
- Declining Volume
ANKRUSDT’s immediate price action is impulsive, trading with technical confluence from the VWAP and POC as support, allowing for a long bias.
The Local S/R is current resistance, exceeding this level increases the probability of chasing fibs.
The volume profile is on a decline, this is suggestive of an impulse being imminent.
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,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
Today’s analysis – ANKRUSDT- trading towards its apex where a move will be imminent,
Points to consider,
- Price Action Impulsive
- Internal S/R Support
- Local S/R Resistance
- Declining Volume
ANKRUSDT’s immediate price action is impulsive, trading with technical confluence from the VWAP and POC as support, allowing for a long bias.
The Local S/R is current resistance, exceeding this level increases the probability of chasing fibs.
The volume profile is on a decline, this is suggestive of an impulse being imminent.
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,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
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Unlock Blofin Bonuses
Trade with perks & support the community!
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— 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.
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.