UNIUSDT Daily S/R| Local S/R| Price Action| Trend

20 août 2021

Evening Traders,

Today’s analysis – UNIUSDT – trading above its Daily S/R but is finding resistance at its Local S/R which needs to be breached.

Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Resistance
- 200 EMA and VWAP Confluence

UNIUSDT’s immediate price action is impulsive, trading above its Daily S/R with technical confluence with the 20 EMA and the VWAP S/R, allowing for a bullish bias.

The Local S/R is current resistance, exceeding this level will increase the probability of a trend continuation.

The RSI is trading above bullish control zone, remaining in these regions is indicative of strength.

Overall, in my opinion, UNIUSDT 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,

“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” – Van K