Evening Traders,
Todays analysis – LTCETH- trading above its Local S/R where a dewviation to the Daily Level is probable,
Points to consider
- Price Action Impulsive
- Local S/R Support Confluence
(POC and 21 EMA)
- Daily S/R Objective
- Increasing Volume
LTCETH’s immediate price action is impulsive, trading at a key location with technical confluence being the POC and 21 EMA, this allows for a bullish bias.
The Daily S/R is objective, exceeding this level will increase the probability of a trend change.
The current volume profile is suggestive of an influx, being above average is healthy for a strong diversion.
Overall, in my opinion, LTCETH 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 market is a device for transferring money from the impatient to the patient.”- Warren Buffet
Todays analysis – LTCETH- trading above its Local S/R where a dewviation to the Daily Level is probable,
Points to consider
- Price Action Impulsive
- Local S/R Support Confluence
(POC and 21 EMA)
- Daily S/R Objective
- Increasing Volume
LTCETH’s immediate price action is impulsive, trading at a key location with technical confluence being the POC and 21 EMA, this allows for a bullish bias.
The Daily S/R is objective, exceeding this level will increase the probability of a trend change.
The current volume profile is suggestive of an influx, being above average is healthy for a strong diversion.
Overall, in my opinion, LTCETH 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 market is a device for transferring money from the impatient to the patient.”- Warren Buffet
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Claim $1000 Deposit Bonus 🎁
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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。