TRXUSDT PA Range|EMA Bull Cross|Range High|Volume Climax
Evening Traders,
Today’s analysis – TRXUSDT- trading back within its range, breaking range high will increase the probability of trend continuation.
Points to consider,
- Price Action Trend
- Range Low Support
- EMA Bull Cross
- Range High Objective
- Climatic Volume Node
TRXUSDT’s immediate price action is trading with a valid EMA bull cross, this allows us to have a bullish bias on the market.
Range Low Support has been confirmed with an S/R Flip Retest, this price has deviated away.
Range High being the immediate target, exceeding this level will increase the probability of a higher high.
There is a valid volume climax node marking a temporary top, volume follow through is needed for a sustained trend.
Overall, in my opinion, TRXUSDT 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,
To be a successful trader you need to trade without fear. When you use fear as a resource to limit yourself, you will create the very conditions you are trying to avoid. Or to say this in another way, you will experience your fears - Van K. Tharp
Today’s analysis – TRXUSDT- trading back within its range, breaking range high will increase the probability of trend continuation.
Points to consider,
- Price Action Trend
- Range Low Support
- EMA Bull Cross
- Range High Objective
- Climatic Volume Node
TRXUSDT’s immediate price action is trading with a valid EMA bull cross, this allows us to have a bullish bias on the market.
Range Low Support has been confirmed with an S/R Flip Retest, this price has deviated away.
Range High being the immediate target, exceeding this level will increase the probability of a higher high.
There is a valid volume climax node marking a temporary top, volume follow through is needed for a sustained trend.
Overall, in my opinion, TRXUSDT 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,
To be a successful trader you need to trade without fear. When you use fear as a resource to limit yourself, you will create the very conditions you are trying to avoid. Or to say this in another way, you will experience your fears - Van K. Tharp