ETBHUSDT PA Range| Broadening Wedge| Swing High| Trend 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!
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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
