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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Disclaimer
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.