Evening Traders,
Today’s analysis – CRVUSDT – trading above its Daily S/R with further upside potential,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Resistance
- Low Volume
- RSI Bullish Control Zone
CRVUSDT’s immediate price action is trading above a key high timeframe support and is testing a Local S/R Resistance, a break will allow for a continued bullish bias.
The upper Daily S/R is current objective, exceeding this level will continues to bullish momentum.
The RSI is trading in its bullish control zone, remaining in these levels is indicative of strength.
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,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
Today’s analysis – CRVUSDT – trading above its Daily S/R with further upside potential,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Resistance
- Low Volume
- RSI Bullish Control Zone
CRVUSDT’s immediate price action is trading above a key high timeframe support and is testing a Local S/R Resistance, a break will allow for a continued bullish bias.
The upper Daily S/R is current objective, exceeding this level will continues to bullish momentum.
The RSI is trading in its bullish control zone, remaining in these levels is indicative of strength.
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,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
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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.
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.