BEPRROUSDT Local S/R| .382 Fibonacci| 200 MA| Price Action

21 thg 3, 2021

Evening Traders,

Todays analysis – BEPROUSDT- trading at a key technical location where a move up is imminent,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- 200 MA Support
- .382 Fibonacci Confluence

BEPROUSDT’s immediate price action is impulsive, trading above its local S/R that has technical confluence with the .382 Fibonacci and the 200 MA, allowing for a long bias.

The Swing High is current objective, exceeding this level increases the probability of a trend continuation.

Both oscillators are neutral, remaining in their bullish control zones is indicative of strength.

Overall, in my opinion, BEPROUSDT 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,

“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee