CRVUSDT Double Bottom| 200 MA| Daily S/R| Price Action
Evening Traders,
Today’s analysis – CRVUSDT- establishing a confirmed trend change from is local double bottom, further upside probable.
Points to consider,
- Price Action Bullish
- Daily S/R Support
- .50 Fibonacci/ 200 MA ( lower high region)
- RSI Bullish Control Zone
- Volume Influxes
CRVUSDT’s immediate price action is bullish above Daily S/R, establishing a new swing high; this allows us to have a bullish bias.
The Daily SR is immediate support, breaking this below will allow for a deeper pullback, establishing a potential trend higher low.
The .50 Fibonacci zone is a crucial level to maintain, the current 200 MA is coming in as dynamic support. Price action respecting these levels will maintain a bullish market structure.
The Volume profile is currently above average, indicative of a true trend change as bull volume follow through is present.
Overall, in my opinion, CRVUSDT is a valid long with define risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
Today’s analysis – CRVUSDT- establishing a confirmed trend change from is local double bottom, further upside probable.
Points to consider,
- Price Action Bullish
- Daily S/R Support
- .50 Fibonacci/ 200 MA ( lower high region)
- RSI Bullish Control Zone
- Volume Influxes
CRVUSDT’s immediate price action is bullish above Daily S/R, establishing a new swing high; this allows us to have a bullish bias.
The Daily SR is immediate support, breaking this below will allow for a deeper pullback, establishing a potential trend higher low.
The .50 Fibonacci zone is a crucial level to maintain, the current 200 MA is coming in as dynamic support. Price action respecting these levels will maintain a bullish market structure.
The Volume profile is currently above average, indicative of a true trend change as bull volume follow through is present.
Overall, in my opinion, CRVUSDT is a valid long with define risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer