Evening Traders,
Today’s analysis – LRCUSDT – trading in a clear descending channel where a break bullish is probable,
Points to consider,
- Price Action Impulsive
- Local OB Support
(VWAP S/R and .618 Fibonacci Confluence)
- Volume Low
- Oscillators Neutral
LRCUSDT’s immediate price action is impulsive, trading towards a key trade location that has technical confluence with the .618 Fibonacci, VWAP S/R and Local OB – this allows for a bullish bias.
The current volume is trading below average, an influx will be highly imminent when an expansion occurs.
Both oscillators are of current are trading neutral, maintaining their bullish control zones will be indicative of strength.
Overall, in my opinion, LRCUSDT 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,
“Money matters, but not as much as you probably think.”
― Yvan Byeajee
Today’s analysis – LRCUSDT – trading in a clear descending channel where a break bullish is probable,
Points to consider,
- Price Action Impulsive
- Local OB Support
(VWAP S/R and .618 Fibonacci Confluence)
- Volume Low
- Oscillators Neutral
LRCUSDT’s immediate price action is impulsive, trading towards a key trade location that has technical confluence with the .618 Fibonacci, VWAP S/R and Local OB – this allows for a bullish bias.
The current volume is trading below average, an influx will be highly imminent when an expansion occurs.
Both oscillators are of current are trading neutral, maintaining their bullish control zones will be indicative of strength.
Overall, in my opinion, LRCUSDT 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,
“Money matters, but not as much as you probably think.”
― 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.