XTXUSDT Daily S/R| Swing High| Price Action| Trend

2021年8月4日

Evening Traders,

Today’s analysis – XTZUSDT – trading abve a key Daily S/R where a retest is probable,

Points to consider,
- Price Action Corrective
- Daily S/R Support
(.618 Fibonacci and VWAP Confluence)
- Swing High Objective
- Low Volume

XTXUSDT’s immediate price action is corrective as allowing for a bullish bias at a trade location.

The Daily S/R is in technical confluence with the .618 Fibonacci and it VWAP S/R, allowing for a potential long entry.

The current volume is below average, an influx is highly imminent when an expansion occurs.

Overall, in my opinion, XTZUSDT 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,

“The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” - Paul Tudor Jones