Evening Traders,
Today’s Analysis – RSRUSDT- flipping key Local S/R with Fibonacci confluence, holding above is deemed bullish.
Points to consider,
- Price Action Impulse
- .382 Fibonacci Pull Back
- Double Top Resistance
- Oscillators Bullish
- Daily S/R Target
RSRUSDT’s immediate price action is impulsive with increasing volume above Local S/R. This allows us to have a bullish in the immediate short term.
The .382 Fibonacci is likely to be tested allowing for laddered long entries into Local S/R.
Price Action has a current double top, proving resistance as price deviates away. Breaking above this level will maintain bullish market structure.
Both oscillators are holding their respective bullish control zones, breaking below will signify weakness preluding to a deeper pull back.
Overall, in my opinion, RSRUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Today’s Analysis – RSRUSDT- flipping key Local S/R with Fibonacci confluence, holding above is deemed bullish.
Points to consider,
- Price Action Impulse
- .382 Fibonacci Pull Back
- Double Top Resistance
- Oscillators Bullish
- Daily S/R Target
RSRUSDT’s immediate price action is impulsive with increasing volume above Local S/R. This allows us to have a bullish in the immediate short term.
The .382 Fibonacci is likely to be tested allowing for laddered long entries into Local S/R.
Price Action has a current double top, proving resistance as price deviates away. Breaking above this level will maintain bullish market structure.
Both oscillators are holding their respective bullish control zones, breaking below will signify weakness preluding to a deeper pull back.
Overall, in my opinion, RSRUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
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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。