CRVUSDT Range High| Range Low| Price Action| Trend
Evening Traders,
Today’s analysis – CRVUSDT- trading bac within its range where a deviation to the lows is probable,
Points to consider,
- Price Action Impulsive
- Range High Resistance
- Range Low Support
- Low Volume
- RSI Neutral
CRVUSDT’s immediate price action is impulsive and is trading near its range high where a rejection is probable, allowing for a bearish bias.
The immediate support is the Range Low, exceeding this level will increase the probability of a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, CRVUSDT is a valid short 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 bac within its range where a deviation to the lows is probable,
Points to consider,
- Price Action Impulsive
- Range High Resistance
- Range Low Support
- Low Volume
- RSI Neutral
CRVUSDT’s immediate price action is impulsive and is trading near its range high where a rejection is probable, allowing for a bearish bias.
The immediate support is the Range Low, exceeding this level will increase the probability of a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, CRVUSDT is a valid short 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