OGNUSDT Price Action Range| Range High| Low Volume| Swing High Evening Traders,
Today’s analysis – OGNUSDT – trading above a key support being the range high, holding this level is deemed bullish,
Point to consider,
- Price Action Impulsive
- Range High Support
- Swing High Objective
- Low Volume
OGNUSDT’s immediate price action is trading above a key technical level, the range high, allowing for a bullish bias.
The current objective is swing high, exceeding this level is critical for a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, OGNUSDT 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,
“You have power over how you'll respond to uncertainty.” ― Yvan Byeajee
Stocahastics
BTCUSD Update| Impulse Sell| Local Range| No Man’s Land Evening Traders,
Today’s analysis – BTCUSD (Update) - price is now ranging from an impulse sell, further consolidation is likely.
Points to consider,
- Valid volume influx
- Oscillators overextended
- Price consolidation
- Local S/R levels
BTCUSD has printed a probable capitulation candle with a volume influx, marking a temporary bottom.
Price is now trying to find its equilibrium, hence will trade in a probable range in the coming days.
The oscillators are overextended, however not at full extremes, further downside is probable.
The key levels to watch are the local S/R, breaking either will help with the directional bias.
Overall, in my opinion, BTCUSD is in no man’s land, scalp trades are only valid with this range, swing trade are to be initiated at key levels.
I hope yesterday’s analysis helped!
Thank you for following my work!
And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore