Evening Traders,
Todays analysis – OGNUSDT – trading above Daily S/R, confirming it as support increases the probability of a bullish continuation.
Points to consider,
- Price action impulsive
- Daily S/R Support
- Swing High objective
- Volume Influx
- Oscillators Bullish Control Zone
OGNUSDT’s immediate price action is impulsive, trading at a key trade location, confirming an S/R Flip retest allows for a bullish bias.
The Swing High is the current objective, exceeding this level increases the probability of a trend continuation.
There has been a volume influx, indicative of a true break, follow through is needed to sustain momentum.
Both oscillators are trading neutral in their bullish control zones, maintaining these regions are indicative of strength.
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,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
Todays analysis – OGNUSDT – trading above Daily S/R, confirming it as support increases the probability of a bullish continuation.
Points to consider,
- Price action impulsive
- Daily S/R Support
- Swing High objective
- Volume Influx
- Oscillators Bullish Control Zone
OGNUSDT’s immediate price action is impulsive, trading at a key trade location, confirming an S/R Flip retest allows for a bullish bias.
The Swing High is the current objective, exceeding this level increases the probability of a trend continuation.
There has been a volume influx, indicative of a true break, follow through is needed to sustain momentum.
Both oscillators are trading neutral in their bullish control zones, maintaining these regions are indicative of strength.
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,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
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Disclaimer
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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.