Evening Traders,
Today’s analysis – ETHUSD – trading below a key technical location where an impulse is probable,
Points to consider,
- Price Action Impulse
- Daily S/R Resistance
- Swing High Objective
- Low Volume
ETHUSD’s immediate price action is impulsive, trading under a key technical resistance, until broken, will allow for a bullish bias.
The swing high is the immediate objective, exceeding this target increases the probability of a trend continuation,
Current volume profile is on a decline, an influx is highly imminent once an expansion occurs.
Overall, in my opinion ETHUSDT is a valid long above resistance, price action is to be used upon discretion/ management,
Hope this analysis helps,
Thank you for following my work
And remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
Today’s analysis – ETHUSD – trading below a key technical location where an impulse is probable,
Points to consider,
- Price Action Impulse
- Daily S/R Resistance
- Swing High Objective
- Low Volume
ETHUSD’s immediate price action is impulsive, trading under a key technical resistance, until broken, will allow for a bullish bias.
The swing high is the immediate objective, exceeding this target increases the probability of a trend continuation,
Current volume profile is on a decline, an influx is highly imminent once an expansion occurs.
Overall, in my opinion ETHUSDT is a valid long above resistance, price action is to be used upon discretion/ management,
Hope this analysis helps,
Thank you for following my work
And remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.