Evening Traders,
Today’s analysis – ADAUSDT- trading at a key trade location where a rejection is probable,
Points to consider,
- Price Action Grind
- Local S/R Support (.382 Fibonacci Confluence)
- Swing high objective
- Oscillators bullish control zone
- Declining Volume
ADAUSDT’s immediate price action is grinding towards a key support zone that has rejected price once, a pullback will allow for a long entry.
The Local S/R is in confluence with the .382 Fibonacci, a respect of this level is highly probable.
The Swing High is current objective, exceeding this level will make the local high as target.
Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength in the market.
Local Volume Profile is on a declining, this is suggestive of an influx being imminent in the immediate term.
Overall, in my opinion, ADAUSDT is a valid long with the setup; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
Today’s analysis – ADAUSDT- trading at a key trade location where a rejection is probable,
Points to consider,
- Price Action Grind
- Local S/R Support (.382 Fibonacci Confluence)
- Swing high objective
- Oscillators bullish control zone
- Declining Volume
ADAUSDT’s immediate price action is grinding towards a key support zone that has rejected price once, a pullback will allow for a long entry.
The Local S/R is in confluence with the .382 Fibonacci, a respect of this level is highly probable.
The Swing High is current objective, exceeding this level will make the local high as target.
Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength in the market.
Local Volume Profile is on a declining, this is suggestive of an influx being imminent in the immediate term.
Overall, in my opinion, ADAUSDT is a valid long with the setup; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
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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 ⚔️
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.