UNFIUSDT Price Action Range| Dynamic S/R| Apex| 200 MA
Evening Traders,
Today’s analysis – UNFIUSDT- trading towards its price action apex where a breakout is imminent,
Points to consider,
- Price Action Rising Wedge
- Range High Resistance
- Range-Mid Technical Confluence
(POC S/R| 200 MA & .50 Fibonacci)
- RSI Bullish Control Zone
- Low Volume
UNFIUSDT’s immediate price action is impulsive, trading towards a trade location that has technical resistance, allowing for a short term bearish bias.
The Range-Mid has confluence with the POC S/R, the 200 MA and the .50 Fibonacci, price action retesting this level allows for a long opportunity.
The RSI is currently trading in its bullish control zone, remaining in these regions is indicative of strength.
Current volume profile is below average, an influx is highly probable once a breakout comes to fruition.
Overall, in my opinion, UNFIUSDT is a valid short 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 goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Today’s analysis – UNFIUSDT- trading towards its price action apex where a breakout is imminent,
Points to consider,
- Price Action Rising Wedge
- Range High Resistance
- Range-Mid Technical Confluence
(POC S/R| 200 MA & .50 Fibonacci)
- RSI Bullish Control Zone
- Low Volume
UNFIUSDT’s immediate price action is impulsive, trading towards a trade location that has technical resistance, allowing for a short term bearish bias.
The Range-Mid has confluence with the POC S/R, the 200 MA and the .50 Fibonacci, price action retesting this level allows for a long opportunity.
The RSI is currently trading in its bullish control zone, remaining in these regions is indicative of strength.
Current volume profile is below average, an influx is highly probable once a breakout comes to fruition.
Overall, in my opinion, UNFIUSDT is a valid short 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 goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder