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Crvbtc

CRV / BTC - Breakout of downtrendWe just broke out of the longer term downtrend (purple triangle) and the short term downtrend (red channel), if this holds we could have a nice move up. Targets - 3500-3600 sats, 4100 sats, 5500-5900 sats (stretch goal) - need to cleanly get passed 2600s (purple channel) area to move up. Potential for much higher move if we break all three. ** Note - this is a new token with very little history, difficult to make predicitions, be careful, plan for the opposite to occur. **
Long
by dudebruhwhoa
2
CRVBTC Structural Support|Daily S/R|Equilibrium| Low VolumeEvening 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
Long
by The_Alchemist_Trader_