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
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.