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
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.