Evening Traders,
Today’s analysis – ATOMUSD- trading towards a key resistance zone where a rejection is likely,
Points to consider,
- Price Action Corrective
- Daily S/R Resistance
- VAH Resistance
- .618 Fibonacci Resistance
ATOMUSDT’s immediate price action is at an area of resistance compromised of the .618 Fibonacci, Daily S/R and the Value Area High, this allows for a bearish bias.
A rejection here will continue the bearish trend by establishing another lower high.
The overall target is the POC and level that will confirm the next higher low if price action finds support.
Hope this analysis helps!
Thank you for following my work
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee,
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Free Alpha Group t.me/freetradingden
Contact for Learning t.me/azizkhanzamani
Unlock up-to $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-TradingBTC
Contact for Learning t.me/azizkhanzamani
Unlock up-to $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-TradingBTC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.