Evening traders,
Today’s analysis – ETHUSDT – trading in a range where a rotation to either side is probable,
Points to consider,
- Price Action Impulsive
- Range Mid Support
- VWAP S/R Support
- Low Volume
ETHUSDT’s immediate price action is impulsive and is treading in a broadening wedge where a breakout is probable, allowing for a bullish bias.
The VWAP is current support, holding this level is deemend bullish as it is in confluence with the Range-Mid.
The current volume profile is below average, an influx is highly probable when an expansion occurs.
Overall, in my opinion, ETHUSDT 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,
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros
Today’s analysis – ETHUSDT – trading in a range where a rotation to either side is probable,
Points to consider,
- Price Action Impulsive
- Range Mid Support
- VWAP S/R Support
- Low Volume
ETHUSDT’s immediate price action is impulsive and is treading in a broadening wedge where a breakout is probable, allowing for a bullish bias.
The VWAP is current support, holding this level is deemend bullish as it is in confluence with the Range-Mid.
The current volume profile is below average, an influx is highly probable when an expansion occurs.
Overall, in my opinion, ETHUSDT 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,
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros
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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.