Evening Traders,
Today’s analysis – ETHUSD – trading below a key technical location where an impulse is probable,
Points to consider,
- Price Action Impulse
- Daily S/R Resistance
- Swing High Objective
- Low Volume
ETHUSD’s immediate price action is impulsive, trading under a key technical resistance, until broken, will allow for a bullish bias.
The swing high is the immediate objective, exceeding this target increases the probability of a trend continuation,
Current volume profile is on a decline, an influx is highly imminent once an expansion occurs.
Overall, in my opinion ETHUSDT is a valid long above resistance, price action is to be used upon discretion/ management,
Hope this analysis helps,
Thank you for following my work
And remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
Today’s analysis – ETHUSD – trading below a key technical location where an impulse is probable,
Points to consider,
- Price Action Impulse
- Daily S/R Resistance
- Swing High Objective
- Low Volume
ETHUSD’s immediate price action is impulsive, trading under a key technical resistance, until broken, will allow for a bullish bias.
The swing high is the immediate objective, exceeding this target increases the probability of a trend continuation,
Current volume profile is on a decline, an influx is highly imminent once an expansion occurs.
Overall, in my opinion ETHUSDT is a valid long above resistance, price action is to be used upon discretion/ management,
Hope this analysis helps,
Thank you for following my work
And remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
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Unlock Blofin Bonuses
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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.