Evening Traders,
Today’s analysis – CRVUSDT – trading in a consolidation with a clear set of equal highs that are likely to get taken,
Points to consider,
- Price action impulsive
- Daily S/R Support
- .618 Fibaoncci Support
- Equal Highs Objective
CRVUSDT’s immidie price action is trading in a consolidation that will breaking in the coming days.
A breaking down needs to hold at the current area of confluence, that is with, the Daily S/R, Psfp, and the .618 Fibaoncci, allowing for a bullish bias.
The immediate objective is the Equal Highs, exveeding this level will lead to a larger rise
Overall, in my opinion, CRVUSDT 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!
“You create your own game in your mind based on your beliefs, intents, perception and rules.”
― Mark Douglas