Evening Traders,
Today’s analysis – IOTAIUSDT- trading at a local resistance where a pull back into support is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- RSI Neutral
IOTAUSDT’s immediate price action is impulsive, a corrective into the Daily Support allows for a bullish entry.
The current volume profile is below average, an influx is needed for a strong trend continuation.
The current RSI is netrual, remaining in its bullish control territory is indicative of strength.
Overall, in my opinion, IOTAUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis help,
Thank you for following my work
And remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
Today’s analysis – IOTAIUSDT- trading at a local resistance where a pull back into support is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- RSI Neutral
IOTAUSDT’s immediate price action is impulsive, a corrective into the Daily Support allows for a bullish entry.
The current volume profile is below average, an influx is needed for a strong trend continuation.
The current RSI is netrual, remaining in its bullish control territory is indicative of strength.
Overall, in my opinion, IOTAUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis help,
Thank you for following my work
And remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
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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 ⚔️
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.