Evening traders,
Today’s analysis – VRAUSDT – trading above its Local S/R with further upside being probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Oscillators neutral
VRAUSDT’s immediate price action is impulsive, confirming an S/R flip retest with the .382 Fibonacci confluences allows for a bullish bias.
The current objective is the swing high, exceeding this level increases the probability of a trend continuation.
Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength.
Overall, in my opinion, VRAUSDT 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,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
Today’s analysis – VRAUSDT – trading above its Local S/R with further upside being probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Oscillators neutral
VRAUSDT’s immediate price action is impulsive, confirming an S/R flip retest with the .382 Fibonacci confluences allows for a bullish bias.
The current objective is the swing high, exceeding this level increases the probability of a trend continuation.
Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength.
Overall, in my opinion, VRAUSDT 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,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
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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.