Evening Traders,
Today’s analysis – COIN – trading above its Local OB that is acting a current support,
Points to consider,
- Price Action Impulsive
- Dynamic S/R Support
- 1.618 Extension Target
- Low Volume
- RSI Bullish Control
COIN immediate price action is impulsive, trading above its Local OB where a deviation to the highs allows for a bullish bias.
The 1.618 Fibonacci Extension is the immediate target, exceeding this will increase the probability of a trend continuation.
The current Volume node is below average, an increase is highly imminent when an expansion occurs.
The RSI is trading in its bullish control zone, reaming in these regions is indicative of strength.
Overall, in my opinion, COIN 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,
“Trade the market in front of you, not the one you want!” – Scott Redler
Today’s analysis – COIN – trading above its Local OB that is acting a current support,
Points to consider,
- Price Action Impulsive
- Dynamic S/R Support
- 1.618 Extension Target
- Low Volume
- RSI Bullish Control
COIN immediate price action is impulsive, trading above its Local OB where a deviation to the highs allows for a bullish bias.
The 1.618 Fibonacci Extension is the immediate target, exceeding this will increase the probability of a trend continuation.
The current Volume node is below average, an increase is highly imminent when an expansion occurs.
The RSI is trading in its bullish control zone, reaming in these regions is indicative of strength.
Overall, in my opinion, COIN 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,
“Trade the market in front of you, not the one you want!” – Scott Redler
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 ⚔️
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
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 ⚔️
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.