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
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— 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 ⚔️
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
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 ⚔️
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.