Action
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
AFT Pharma Trading at Support Level BUY OPPORTUNITY NOWThis is a simple support & resistance analysis of this stocks current price level. The stock is at a price level which can be said as a good established support level, the last time the stock was here it was almost 3 months ago and it made good gains after touching this level. If anyone beleives there are other reasons for why this stock will continue to fall below support, please comment ASAP! Im going long on this one now...
MORE BULLISH: Ethereum Top & Bottom Price Action Integral BandsAnalog to Bitcoin, the top, mid & bottom price action integral bands (short: PAIBs) can also be defined for Ethereum, which can be used as an indictor for longterm swing trades and/or general market cycle analysis.
Here instead of fitting some curve dependent on time (~ f(t)), we integrate over price action with three custom functionals. Then if those functionals are expanded by +- 5% we get three bands, in blue the top price action integral band, in green the mid price action integral, and in red the bottom price action integral. The bands are calculated in real time, there is no repaint or other manual modification involved. When price reaches the blue band, it is probably time to sell or short. For the bottom band we often have two opportunities to add to spot or leveraged long positions, as these phases are more drawn out. The bottom band has some similarities with the CVDD-model, although it uses completely different data (CVDD uses on-chain tx metrics while here price action data from BLX price index are used), however both models predict the same absolute bottoms. It is easier to implement the PAIBs in TradingView, as on-chain metrics are not as easily available in TV. Lastly the newly added green mid band indicates in which rough market phase we're currently in. Ethereum spent a long time in bearish (or accumulation) regions, and now pushes again near the green band. A flip of the green band would be extremely bullish, with estimated price multipliers up to a potential cycle top higher than in Bitcoin's case.
The current top price indicated by the blue band is roughly $5,200 per ETH.
The current mid band sits at approximately $570 per ETH.
The current bottom band shows a price of around $115 per ETH .
Note: I also added (dashed) estimates for future band development up until the mid of 2022 (by hand), those are not calculated! My personal guess is that ETH will top out somewhere between $10,000 to $20,000 sometime between winter 2021 to summer 2022.
The future looks bullish indeed. Of course this is no financial advice.
Hope you find this helpful! I will talk more about this and other indicators (including updates) in the future.
Either way we still see the gold price getting back over $2,000.Gold seems to be struggling to grab hold of the bullish momentum, either way we still see the gold price getting back over $2,000 – perhaps sooner rather than later – and then gradually rising to new heights. But for imediate price action heading into the early stages of next week its likely that we will see a small drop back into the immediate support and if not lower on the hourly.
Somewhat mixed and dated NA data did not prompt much initial market reaction, and bonds remain pretty ambivalent or even nonchalant as they continue to trade either side of parity with little common cause into month end. However, the Buck has taken some heed of the decidedly less risk averse environment as the DXY retreats further from yesterday’s 94.000+ highs to 93.650 to the benefit of the Euro and other major rivals, plus Gold that touched its 100 DMA. Ahead, Chicago PMI should be more interesting than final Michigan sentiment, but how Wall Street responds to after hours tech earnings will likely be more compelling along with the final position refinements for the last trading day of October.