CRVUSDT | KEY AREACRVUSDT is trending near horizontal resistance zone. The price action shows that earlier price get rejected from same area.
The rejection from resistance zone will bring bears and can approach to risisng trendline. While the break above mentioned zone will bring bulls in complete control.
CRVUSDT.PS trade ideas
CRVUSD (Daily) Bearish Wave We2Hi Traders
CRVUSD (Daily Timeframe)
A High probability, entry signal to go SHORT will be given with the downward break of 0.678 after the market found resistance at 0.878. Only the upward break of 0.878 would cancel the bearish scenario.
Trade details
Entry: 0.678
Stop loss: 0.878
Take profit 1: 0.340
Take profit 2: 0.116
Score: 8
Strategy: Bearish Wave We2
CRV is moving to where it startedBINANCE:CRVUSDT price has been falling since the begging of 2022. It dropped by around 90% from its top of $6.9.
The price is still under 21 and 30 day EMAs. So, there is no need to change the strategy. It is still a bear trend. I expect the price will test November-December 2021 lows, and even lower in the next term.
After this sell-off, there will eventually be a consolidation. But this is another story.
This may mean that there will be a bearish + consolidation period in the next couple of months. To recap, a bearish trend is the main scenario.
This is not a financial advice. Trade wisely.
CRV We talked about in my last post about CRV if we could break and hold above $.73 and remain above $.65 this could be looking like a nice break out to the upside targeting $.86-$.96. Since that post we have actually built in an inverse head and shoulders and we are currently breaking that to the upside. We do need to see some more confirmation as this $.80 flipping to support But if this does continue to hold this $.80-$.79 area the next target is $1.03. I am still in my trade that I took in the $.73 range and $.68 range with a stop loss below 65 and now I have moved my stoploss to $.70 cents. This is looking beautiful as long as bitcoin remain positive and above 19,700 this should signal another bullish move to the upside
CRV This is looking hot on the hourly even the 4 hour chart. This large rally from the low. w pattern looming. Neckline supporting up around 65 cents. If CRV can break and hold above 73 cents this could rip roar and rally to upwards of 86-95 cents . Main areas to watch is 73 cents. Breaking that could rally 86cents as a bull flag target