Ribbon Finance: Price Action Analysis

jalapablo Updated   
COINBASE:RBNUSD   Ribbon Finance
Here's a breakdown of Ribbon Finance (RBN) volume-spread analysis. All signs are pointing north. Let's see if it can keep the momentum and take us up to the golden Fibonacci profit target. I set limit sells at the .272 and .618 junctures and don't risk holding past the bear orderblocks hovering above those points, especially above the 1.618% which closes out liquidity void #2 as indicated on the chart. Better to be safe than sorry!

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Trade closed: target reached:
The .618% Fibonacci extension hit in 14 days. This one took a while. But the VSA was on the money when it showed accumulation in the range. Patience is very important in trading; what good is technique and analysis if you don't have the hands to hold/sell and wait it out

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