Evening Traders,
Today’s analysis – XTZUSDT – trading abve a key Daily S/R where a retest is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
(.618 Fibonacci and VWAP Confluence)
- Swing High Objective
- Low Volume
XTXUSDT’s immediate price action is corrective as allowing for a bullish bias at a trade location.
The Daily S/R is in technical confluence with the .618 Fibonacci and it VWAP S/R, allowing for a potential long entry.
The current volume is below average, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, XTZUSDT 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 secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” - Paul Tudor Jones
Today’s analysis – XTZUSDT – trading abve a key Daily S/R where a retest is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
(.618 Fibonacci and VWAP Confluence)
- Swing High Objective
- Low Volume
XTXUSDT’s immediate price action is corrective as allowing for a bullish bias at a trade location.
The Daily S/R is in technical confluence with the .618 Fibonacci and it VWAP S/R, allowing for a potential long entry.
The current volume is below average, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, XTZUSDT 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 secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” - Paul Tudor Jones
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Unlock Blofin Bonuses
Trade with perks & support the community!
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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!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/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.