Today’s analysis – CHZUSDT – trading at a key resistance where a pull back to support is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- .618 Fibonacci
CHZUSDT’s immediate price action is impulsive, a correction to the Daily S/R which is in confluence with the .618 Fibonacci allows for a bullish bias.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
The Daily level is critical to hold, this will maintain the bullish trend for the immediate short term.
Overall, in my opinion, CHZUSDT 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,
“You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- .618 Fibonacci
CHZUSDT’s immediate price action is impulsive, a correction to the Daily S/R which is in confluence with the .618 Fibonacci allows for a bullish bias.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
The Daily level is critical to hold, this will maintain the bullish trend for the immediate short term.
Overall, in my opinion, CHZUSDT 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,
“You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
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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 ⚔️
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。