Evening Traders,
Todays analysis – LTCETH- trading above its Local S/R where a dewviation to the Daily Level is probable,
Points to consider
- Price Action Impulsive
- Local S/R Support Confluence
(POC and 21 EMA)
- Daily S/R Objective
- Increasing Volume
LTCETH’s immediate price action is impulsive, trading at a key location with technical confluence being the POC and 21 EMA, this allows for a bullish bias.
The Daily S/R is objective, exceeding this level will increase the probability of a trend change.
The current volume profile is suggestive of an influx, being above average is healthy for a strong diversion.
Overall, in my opinion, LTCETH 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,
“The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
Todays analysis – LTCETH- trading above its Local S/R where a dewviation to the Daily Level is probable,
Points to consider
- Price Action Impulsive
- Local S/R Support Confluence
(POC and 21 EMA)
- Daily S/R Objective
- Increasing Volume
LTCETH’s immediate price action is impulsive, trading at a key location with technical confluence being the POC and 21 EMA, this allows for a bullish bias.
The Daily S/R is objective, exceeding this level will increase the probability of a trend change.
The current volume profile is suggestive of an influx, being above average is healthy for a strong diversion.
Overall, in my opinion, LTCETH 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,
“The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
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 ⚔️
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.