CRV
Long

CRVUSDT Long after Liquidity Sweep

225
Price Action & Range:

The price has been in a downtrend, forming a range low and a range high.
There is a clear liquidity curve, showing a gradual decline in price before stabilizing.

The price recently tested the range low, where manipulation occurred (highlighted in grey).
A potential bullish reversal is anticipated, aiming toward the range high.

Key Levels:

Range Low: The lowest price level in the marked range, acting as strong support.
Range High: The highest price level in the marked range, acting as resistance.

Two intermediate target levels are indicated.

Manipulation Zone:

A grey box at the range low signifies market manipulation, likely a stop-hunt or liquidity grab before a move up.

Future Price Projection:

An upward arrow suggests a forecasted price increase toward the range high.

1M Candle Overview:

The right side of the chart includes a monthly (1M) candlestick, showing significant volatility with a large wick.

Summary:
The chart suggests that CRV is currently at a strong support level, and after a manipulation event, the price is expected to rally towards the range high.
The analysis aligns with a liquidity-based trading strategy, aiming to capture the next big move.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.