XLMUSDT Weekly S/R|Dynamic S/R|Stoch Buy Cross|Declining Volume
Evening Traders,
Today’s Analysis – XLMUSDT- trading under key Weekly S/R, this is a pivot on the weekly time frame,
Points to consider,
- Price Action Pivot
- Weekly S/R Resistance
- Dynamic S/R Support
- Stochastic Buy Cross
- Declining Volume
XLMUSDT’s immediate price action is at a pivot point, how price action forms here will help with our directional bias.
The Weekly S/R is current resistance, breaching this level will show strength in the immediate with swing high being the gradual target.
Dynamic S/R has been flipped as support with a confirmed retest; this is an early sign of momentum picking up.
The stochastics has a valid buy cross; resting on support gives it a greater probability of shifting up.
The volume profile is currently below average, an influx is highly probable when testing key trade locations such as the Weekly S/R.
Overall, in my opinion, XLMUSDT is a valid long ONLY above Weekly S/R; price action is to be used upon discretion/ management of trade.
Hope this analysis helps,
Thank you for following my work!
And remember,
“Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
Today’s Analysis – XLMUSDT- trading under key Weekly S/R, this is a pivot on the weekly time frame,
Points to consider,
- Price Action Pivot
- Weekly S/R Resistance
- Dynamic S/R Support
- Stochastic Buy Cross
- Declining Volume
XLMUSDT’s immediate price action is at a pivot point, how price action forms here will help with our directional bias.
The Weekly S/R is current resistance, breaching this level will show strength in the immediate with swing high being the gradual target.
Dynamic S/R has been flipped as support with a confirmed retest; this is an early sign of momentum picking up.
The stochastics has a valid buy cross; resting on support gives it a greater probability of shifting up.
The volume profile is currently below average, an influx is highly probable when testing key trade locations such as the Weekly S/R.
Overall, in my opinion, XLMUSDT is a valid long ONLY above Weekly S/R; price action is to be used upon discretion/ management of trade.
Hope this analysis helps,
Thank you for following my work!
And remember,
“Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
Join my free telegram! t.me/chartdoctorsanconsultants
Follow me on Twitter! twitter.com/pinkdawn__
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