ANKR Local S/R| Swing High| Price Action Trend Evening Traders,
Today’s analysis – ANKRUSDT- trading above its Local S/R where in impulse is probable,
Points to consider,
- Price Action Ranging
- Local S/R Support
(.382 Fibonacci Confluence)
- Swing High Objective
- Low Volume
ANKRUSDT’s immediate price action is ranging above its Local S/R with the that is in confluence with the .382 Fibonacci, allowing for a long bias.
The swing high is the immediate objective, exceeding this level increases the probability of a trend continuation.
Current volume profile is below average, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, ANKRUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
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And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee