CRVUSDT formed a rounded bottom (cup) and a minor rectangle, and it's currently attempting to break above the local $0.83 resistance.Key Levels to Watch
• $0.64: Current support and minor rectangle lower boundary
• $0.83: Current resistance, cup and rectangle upper boundary
• $1.00: Measured target from the minor rectangle pattern
• $1.30: Measured target from the cup pattern (within a key supply zone)
Other Important Levels
• $0.20: Key demand zone, and 2024 low
• $0.40-$0.50: Key S/R dating back to November 2022, aligned with the cup bottom
• $1.20-$1.30: Main supply zone, dating back to February 2023
A daily close above $0.83 with volume would confirm the breakout and trigger the targets.
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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.