CRV is likely to break out successfully; 7.3 can be expected.
CRVUSDTCRV is likely to break out successfully; 7.3 can be expected.
1. From Jun 17 till now, CRV is moving in a broad trading range between 1.24 and 4.29 for almost one year. If there's a break out, an equal distance can be expected, say 7.3
2. Institutional traders build their positions in area A and area B. And in area C, it breaks out with good volume and form a flag pattern with lower volume later, which means some of them take profit, instead of big selling pressure like Apr and May.
3. Now, price breaks the flag on Nov 7, and a bullish follow through on Nov 8, which significantly improve the possibility of a break out.
4. As a conclusion, this break out may push the price to a new high; 3.7 can be expected as the first target.
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