RSRUSDT Local S/R| Double Top| Swing High| Daily S/R
Evening Traders,
Today’s Analysis – RSRUSDT- flipping key Local S/R with Fibonacci confluence, holding above is deemed bullish.
Points to consider,
- Price Action Impulse
- .382 Fibonacci Pull Back
- Double Top Resistance
- Oscillators Bullish
- Daily S/R Target
RSRUSDT’s immediate price action is impulsive with increasing volume above Local S/R. This allows us to have a bullish in the immediate short term.
The .382 Fibonacci is likely to be tested allowing for laddered long entries into Local S/R.
Price Action has a current double top, proving resistance as price deviates away. Breaking above this level will maintain bullish market structure.
Both oscillators are holding their respective bullish control zones, breaking below will signify weakness preluding to a deeper pull back.
Overall, in my opinion, RSRUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Today’s Analysis – RSRUSDT- flipping key Local S/R with Fibonacci confluence, holding above is deemed bullish.
Points to consider,
- Price Action Impulse
- .382 Fibonacci Pull Back
- Double Top Resistance
- Oscillators Bullish
- Daily S/R Target
RSRUSDT’s immediate price action is impulsive with increasing volume above Local S/R. This allows us to have a bullish in the immediate short term.
The .382 Fibonacci is likely to be tested allowing for laddered long entries into Local S/R.
Price Action has a current double top, proving resistance as price deviates away. Breaking above this level will maintain bullish market structure.
Both oscillators are holding their respective bullish control zones, breaking below will signify weakness preluding to a deeper pull back.
Overall, in my opinion, RSRUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone