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!
**Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with high win ratios (80-85% average). I trade crypto fulltime and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR and trade at your own risk.
**Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with high win ratios (80-85% average). I trade crypto fulltime and handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR and trade at your own risk.
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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