Evening Traders,
Today’s analysis- RSRUSDT – trading above local resistance with a back test of the .50 Fibonacci,
Points to consider,
- Price Action Impulsive
- Local S/R Support Confluence
- Daily S/R Target
- Swing High Objective
- RSI Bullish Control Zone
RSRUSDT’s immediate price action is impulsive, confirming an S/R Flip Retest of local S/R, this allows us to have a bullish bias on the market.
The Local S/R is in confluence with the .50 Fibonacci, price has evidently respected this level.
The Daily S/R is immediate target after clearing swing high objective; price exceeding Daily S/R will lead to an impulse volatility expansion.
Current RSI is trading in its bullish control zone respectively, maintaining these levels are indicative of strength in the market.
Overall, in my opinion, RSRUSDT 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 have power over how you'll respond to uncertainty.”
― Yvan Byeajee
Today’s analysis- RSRUSDT – trading above local resistance with a back test of the .50 Fibonacci,
Points to consider,
- Price Action Impulsive
- Local S/R Support Confluence
- Daily S/R Target
- Swing High Objective
- RSI Bullish Control Zone
RSRUSDT’s immediate price action is impulsive, confirming an S/R Flip Retest of local S/R, this allows us to have a bullish bias on the market.
The Local S/R is in confluence with the .50 Fibonacci, price has evidently respected this level.
The Daily S/R is immediate target after clearing swing high objective; price exceeding Daily S/R will lead to an impulse volatility expansion.
Current RSI is trading in its bullish control zone respectively, maintaining these levels are indicative of strength in the market.
Overall, in my opinion, RSRUSDT 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 have power over how you'll respond to uncertainty.”
― Yvan Byeajee
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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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.