CRVUSDT Daily S/R| Bullish OB| Local S/R| 200 MA| Price Action
Evening Traders,
Today’s analysis – CRVUSDT- trading below its Local S/R towards its technical locations,
Points to consider,
- Price Action Impulsive
- Daily S/R Objective
(200 MA Confluence)
- Oscillators Bearish Control Zone
- Volume Climax
CRVUSDT’s immediate price action rejected from its Local S/R after a Swing High, this allows for short term bearish targets,
The Current Key Support is the Daily S/R. holding this level. Holding this level will confirm a Rounded Retest. The interim trade locations are the Bullish Order Block and the Local S/R Zones, a reaction at these levels is highly probable.
Both Oscillators are penetrating their bearish control zones, trading in these regions increases the probability of short term downside.
There is a valid volume climax, signalling a temporary top, an increase in volume will dictate the inclusive direction.
Overall, in my opinion, CRVUSDT is trading neutral, long trades are valid at key trade locations; further price action is requited for a directional bias.
Hope this analysis helps,
“Don’t blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah’
Today’s analysis – CRVUSDT- trading below its Local S/R towards its technical locations,
Points to consider,
- Price Action Impulsive
- Daily S/R Objective
(200 MA Confluence)
- Oscillators Bearish Control Zone
- Volume Climax
CRVUSDT’s immediate price action rejected from its Local S/R after a Swing High, this allows for short term bearish targets,
The Current Key Support is the Daily S/R. holding this level. Holding this level will confirm a Rounded Retest. The interim trade locations are the Bullish Order Block and the Local S/R Zones, a reaction at these levels is highly probable.
Both Oscillators are penetrating their bearish control zones, trading in these regions increases the probability of short term downside.
There is a valid volume climax, signalling a temporary top, an increase in volume will dictate the inclusive direction.
Overall, in my opinion, CRVUSDT is trading neutral, long trades are valid at key trade locations; further price action is requited for a directional bias.
Hope this analysis helps,
“Don’t blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah’
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