Evening Traders,
Today’s analysis – FEARUSDT- trading in a range where a test of the highs is probable,
Points to consider,
- Price Action Impulsive
- Range High Resistance
- Range High Objective
- Low Volume
- RSI Bullish Control
FEARUSDT’s immediate price action is trading under the Range-Mid where breaking it will allows for a bullish bias.
The range high is the immediate objective, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location, especially is the RSI remains above its bullish control zone.
Overall, in my opinion, FEARUSDT 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 expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
Today’s analysis – FEARUSDT- trading in a range where a test of the highs is probable,
Points to consider,
- Price Action Impulsive
- Range High Resistance
- Range High Objective
- Low Volume
- RSI Bullish Control
FEARUSDT’s immediate price action is trading under the Range-Mid where breaking it will allows for a bullish bias.
The range high is the immediate objective, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location, especially is the RSI remains above its bullish control zone.
Overall, in my opinion, FEARUSDT 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 expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee