CRV / TetherUSShort
CRV/USDT - Trend Exhaustion
Just a little prediction that might or not come true, but I feel it has a basis.
Arguments:
1. Divergence on Volume & RSI.
2. All Time High if we ignore the first day of being listed on Binance, which showed typical erratic movement of a newly listed coin.
3. Bear Flag with a strong ascending line that could be the signal for entry.
4. Head & Shoulders pattern if breakout and retest evolves as the ghost feed.
I'd wait for the mostly reliable breakout and retest to confirm. Stop Loss above the actual support that could transform into a resistance.
Arguments:
1. Divergence on Volume & RSI.
2. All Time High if we ignore the first day of being listed on Binance, which showed typical erratic movement of a newly listed coin.
3. Bear Flag with a strong ascending line that could be the signal for entry.
4. Head & Shoulders pattern if breakout and retest evolves as the ghost feed.
I'd wait for the mostly reliable breakout and retest to confirm. Stop Loss above the actual support that could transform into a resistance.
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