Evening Traders,
Today’s analysis – DOTBTC- trading above local, maintain these regions is bullish in the immediate terms,
Points to consider,
- Price Action Bullish
- Local S/R Support (.382 Fibonacci Confluence)
- Daily S/R Target
- Declining Volume
- RSI Bullish Control
DOTBTC’s immediate price action is being accepted above Local S/R, this allows us to have a bullish bias on the market.
The Local S/R is in technical confluence with the .382 Fibonacci and 200 MA, price action has currently respected this level.
Daily S/R is current target, price action exceeding this level will increase the probability of trend continuation.
The volume profile is indicative of declining volume after an influx, this suggest a true break of Local S/R. Follow through in volume is required for a trend continuation.
The RSI is in its bullish control zone, remaining in these levels is critical for market strength.
Over all, in my opinion, DOTBTC 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 goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Today’s analysis – DOTBTC- trading above local, maintain these regions is bullish in the immediate terms,
Points to consider,
- Price Action Bullish
- Local S/R Support (.382 Fibonacci Confluence)
- Daily S/R Target
- Declining Volume
- RSI Bullish Control
DOTBTC’s immediate price action is being accepted above Local S/R, this allows us to have a bullish bias on the market.
The Local S/R is in technical confluence with the .382 Fibonacci and 200 MA, price action has currently respected this level.
Daily S/R is current target, price action exceeding this level will increase the probability of trend continuation.
The volume profile is indicative of declining volume after an influx, this suggest a true break of Local S/R. Follow through in volume is required for a trend continuation.
The RSI is in its bullish control zone, remaining in these levels is critical for market strength.
Over all, in my opinion, DOTBTC 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 goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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 ⚔️
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.