Evening Traders,
Today’s analysis – FETUSDT – trading above its local S/R where continuation is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Dynamic S/R Support
- 1.618 Fibonacci Objective
FETUSDT’s immediate price action is impulsive, treading above its local S/R where a retest and a hold will allow for a bullish bias.
The Dynamic S/R has been holding as support, allowing for a higher low projection.
The current objective is the 1.618 Fibonacci Extension, exceeding this level will lead to a bullish continuation.
Overall, in my opinion, FETUSDT 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 lower your body gets the higher your jump will be.”
― Noor Alasadi
Today’s analysis – FETUSDT – trading above its local S/R where continuation is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Dynamic S/R Support
- 1.618 Fibonacci Objective
FETUSDT’s immediate price action is impulsive, treading above its local S/R where a retest and a hold will allow for a bullish bias.
The Dynamic S/R has been holding as support, allowing for a higher low projection.
The current objective is the 1.618 Fibonacci Extension, exceeding this level will lead to a bullish continuation.
Overall, in my opinion, FETUSDT 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 lower your body gets the higher your jump will be.”
― Noor Alasadi
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.