GVTBTC Weekly S/R Levels| Weekly OB| Price Action

Evening Traders,

Today’s analysis – GVTBTC – trading below its Weekly S/R, breaking with acceptance is deemed bullish.

Points to consider,
- Price Action Impulsive
- Weekly OB Support
- Weekly S/R Objective
- Oscillators Bullish Control Zone

GVTBTC’s immediate price action is range bound between the Weekly OB and the Weekly S/R, a breach of the Weekly S/R will allow for a bullish bias.

The Current Price Action objective is the Weekly S/R Resistance, breaching this is critical for a send.

Both oscillators are trading in their respective bullish control zones, remaining in these regions is critical for sustained strength.

Overall, in my opinion – GVTBTC 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,

“The market can stay irrational longer than you can stay solvent.” – John Maynard Keynes