Evening Traders,
Today’s analysis – ETHSD – trading in a rising channel with more upside potential,
Points to consider,
- Price Action Trending
- Dynamic S/R
(Support/ resistance)
- Low Volume
- RSI Neutral
ETHUSD, trading on its Dynamic S/R Support in a rising channel, holding this level will allow for a bullish bias.
The immediate objective is the Dynamic S/R Resistance, breaking this level will increase the probability of a trend continuation.
The RSI is currently trading neutral whilst the volume is low, an influx is highly imminent once an expansion occurs.
Overall, in my opinion, ETHUSD is a valid long with defined risk, price action is to be used upon discretion/ management, allowing for a bullish bias.
Hope this analysis helps
Thank you for following my work!
And remember,
“He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
Today’s analysis – ETHSD – trading in a rising channel with more upside potential,
Points to consider,
- Price Action Trending
- Dynamic S/R
(Support/ resistance)
- Low Volume
- RSI Neutral
ETHUSD, trading on its Dynamic S/R Support in a rising channel, holding this level will allow for a bullish bias.
The immediate objective is the Dynamic S/R Resistance, breaking this level will increase the probability of a trend continuation.
The RSI is currently trading neutral whilst the volume is low, an influx is highly imminent once an expansion occurs.
Overall, in my opinion, ETHUSD is a valid long with defined risk, price action is to be used upon discretion/ management, allowing for a bullish bias.
Hope this analysis helps
Thank you for following my work!
And remember,
“He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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— Team The Alchemist ⚔️
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
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 ⚔️
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.