Evening Traders,
Today’s analysis – XVSUSDT- trading at a key location where an impulse is highly probable,
Points to consider,
- Price action impulsive
- Local S/R support
- Swing High objective
- Bullish OB
- .50 Fibonacci
XVSUSDT’s immediate price action is impulsive, trading above its Local S/R Support after bouncing from its Bullish OB, allows for a bullish bias.
The .50 Fibonacci is current resistance; exceeding this level will increase the probability of testing the current swing high.
Both oscillators are working towards there expected bullish control zones, remaining in these regions will be indicative of strength.
Overall, in my opinion- XVSUSDT 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,
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros
Today’s analysis – XVSUSDT- trading at a key location where an impulse is highly probable,
Points to consider,
- Price action impulsive
- Local S/R support
- Swing High objective
- Bullish OB
- .50 Fibonacci
XVSUSDT’s immediate price action is impulsive, trading above its Local S/R Support after bouncing from its Bullish OB, allows for a bullish bias.
The .50 Fibonacci is current resistance; exceeding this level will increase the probability of testing the current swing high.
Both oscillators are working towards there expected bullish control zones, remaining in these regions will be indicative of strength.
Overall, in my opinion- XVSUSDT 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,
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros
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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 ⚔️
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.