Today’s analysis – UNFIUSDT trading towards its higher low region where technical confluence asides,
Points to consider,
- Price Action Impulsive
- Order Block Support
- VWAP S/R Suppoty
- .50 Fibonacci Support
- Declining Volume
- RSI Bullish Control Zone
UNFIUSDT’s immediate price action is impulsive, trading towards a technical confluence level where a respect is probable, allowing for a bullish bias.
The order block and the VWAP confluence increase the probable of a bounce, allowing for a trend continuation.
The declining volume is indicative of a bullish retrace; an influx is highly imminent when the next expansion occurs.
The curren RSI is trading above its bullish control zone, remaining in these levels in indicative of
Strength.
Overall, in my opinion, UNFIUSDT 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,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
Points to consider,
- Price Action Impulsive
- Order Block Support
- VWAP S/R Suppoty
- .50 Fibonacci Support
- Declining Volume
- RSI Bullish Control Zone
UNFIUSDT’s immediate price action is impulsive, trading towards a technical confluence level where a respect is probable, allowing for a bullish bias.
The order block and the VWAP confluence increase the probable of a bounce, allowing for a trend continuation.
The declining volume is indicative of a bullish retrace; an influx is highly imminent when the next expansion occurs.
The curren RSI is trading above its bullish control zone, remaining in these levels in indicative of
Strength.
Overall, in my opinion, UNFIUSDT 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,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee