Evening Traders,
Today’s analysis – SHIBUSDT- trading in a clear descending channel where a breakout continuation is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Support
VWAP Confluence
- Swing High Objective
- Low Volume
SHIBUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and the VWAO S/R, allowing for a bullish bias.
The Swing High is the immediate objective, exceeding this level leads to a trend continuation.
The current volume profile is below average, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, SHIBUSDT 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’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader
Today’s analysis – SHIBUSDT- trading in a clear descending channel where a breakout continuation is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Support
VWAP Confluence
- Swing High Objective
- Low Volume
SHIBUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and the VWAO S/R, allowing for a bullish bias.
The Swing High is the immediate objective, exceeding this level leads to a trend continuation.
The current volume profile is below average, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, SHIBUSDT 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’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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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。