CRVBTC Structural Support|Daily S/R|Equilibrium| Low Volume
Evening Traders,
Today’s analysis – CRVBTC- price action needs to hold structural support for a trend continuation trade.
Points to consider,
- Trend higher lows
- Key support respected
- Daily S/R resistance
- Oscillators equilibrium
- Declining Volume
CRVBTC’s trend needs to establish a higher low to keep market structure intact, allowing for a continued bullish bias.
Structural support has been respected; price action must remain above this level, breaking below will negate structure.
The Daily S/R is immediate resistance; price breaking this level will confirm a higher high, confirming trend continuation.
Both oscillators are trading in an equilibrium towards there apex where a break will be imminent.
This will be in confluence with price breaking key levels.
The volume profile is declining, common in equilibriums, a volume influx will signal a break, follow through is needed to avoid false breaks,
Overall, in my opinion, CRVBTC is a valid long from structural support for a trend continuation trade. Price action is to be used upon discretion/ management of the trade.
What are your thoughts?
Thank you for following my work!
And remember,
“Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.” ― Yvan Byeajee
Today’s analysis – CRVBTC- price action needs to hold structural support for a trend continuation trade.
Points to consider,
- Trend higher lows
- Key support respected
- Daily S/R resistance
- Oscillators equilibrium
- Declining Volume
CRVBTC’s trend needs to establish a higher low to keep market structure intact, allowing for a continued bullish bias.
Structural support has been respected; price action must remain above this level, breaking below will negate structure.
The Daily S/R is immediate resistance; price breaking this level will confirm a higher high, confirming trend continuation.
Both oscillators are trading in an equilibrium towards there apex where a break will be imminent.
This will be in confluence with price breaking key levels.
The volume profile is declining, common in equilibriums, a volume influx will signal a break, follow through is needed to avoid false breaks,
Overall, in my opinion, CRVBTC is a valid long from structural support for a trend continuation trade. Price action is to be used upon discretion/ management of the trade.
What are your thoughts?
Thank you for following my work!
And remember,
“Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.” ― Yvan Byeajee