BurgerBNB Local S/R| POC Support| Swing High| Price Action
Evening Traders,
Today’s analysis – BURGERBNB – Trading above Local S/R, price has been accepted with further upside potential.
Points to consider,
- Price Action Impulsive
- Local S/R Support (21MA Confluence)
- Swing High
- RSI Bullish Control Zone BurgerBNB’s
Immediate price action is trading above Local S/R in confluence with the 21 MA. This allows us to have a bullish bias on the immediate market thus longs are deployable.
Swing High is the immediate price objective once the POC resistance is claimed. Upper Local S/R is immediate target, breaking this is likely to lead to trend continuation.
The RSI is in its respected bullish control zone, remaining above these regions is indicative of market strength.
Overall, in my opinion, BurgerBNB 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,
“There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”
― Yvan Byeajee
Today’s analysis – BURGERBNB – Trading above Local S/R, price has been accepted with further upside potential.
Points to consider,
- Price Action Impulsive
- Local S/R Support (21MA Confluence)
- Swing High
- RSI Bullish Control Zone BurgerBNB’s
Immediate price action is trading above Local S/R in confluence with the 21 MA. This allows us to have a bullish bias on the immediate market thus longs are deployable.
Swing High is the immediate price objective once the POC resistance is claimed. Upper Local S/R is immediate target, breaking this is likely to lead to trend continuation.
The RSI is in its respected bullish control zone, remaining above these regions is indicative of market strength.
Overall, in my opinion, BurgerBNB 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,
“There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”
― Yvan Byeajee