📣 Volume speaks Volume! **Beginning trader & Technical and Fundamental analyst. Received my trader's education at TRi School of Trader Development. This is not trade or financial advice. DYOR.
I want to be Bull this name. This analysis does not speak for a particular setup, though I suppose there is a continuation trade buried in there somewhere. It speaks more to what I would need to see to convince me that we are going to trend much higher out of this little range we seem to be bouncing around in between $3.50-$2.85. Because after that there is little resistance above that and the sky could be the limit with some effort.
Volume precedes price, and there just isn't convincing evidence that the Bulls have taken over. Noted on the chart is an example of what I would like to see. Also, RSI briefly broke out but fell below support and is now trying to claw its way up through resistance. Put in a double bottom along support above the 50 line and I just may catch a ride on the way up.
I'm going to keep an eye out for some of these things to come to fruition before I go spending my heard money in the market.
My 2 cents. Would like to hear your assessment if you care to share.
BINANCE:CRVUSDT
COINBASE:CRVUSD
Crvbtc
CRV/BTC - Trading setup! Not a financial advice - This is my trading diary ! It helps me think about my ideas.
I have no idea what CRV means or what this thing does, the only thing I know for sure is that its chart respects Fibs and SRs very well.
#CRV/BTC
Entry: 5888 - 5738 - 5481
- Fib confluences + order blocks + possible SFP
Targets : 6602 (40%) -7010 (40%) - 7475 (20%) = > Or hold a bag til 8924
- Targets based on SR levels / Fibs
Stoploss : Daily close below 4650 - Wicks are common in cryptoland.
- Risk: 1% of your account.
- Potential Risk Reward Ratio: 2.72
- Move SL to Breakeven after hitting TP1
- Estimated time: Week 19/20-2021
#altcoins #crypto #crv #btc
Disclaimer: No point in chasing the market. I will either let it come to my level or pass the trade.
CRV vs USD & CRV vs BTC - good to have in portfolio😉Hello! CRV (doesn't matter in USD or BTC) formed CUP & HANDLE pattern!
It is worth considering the following when detecting cup and handle patterns:
Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms.
Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern.
Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
A retest of previous resistance is not required to touch or come within several ticks of the old high; however, the further the top of the handle is away from the highs, the more significant the breakout needs to be.
KEY TAKEAWAYS
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
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Start of Uptrend for CRVI have radically changed my trading since I had a few heavy losses trading futures.
My new trading strategy will focus ONLY ON INCREASING MY BTC VALUE, not on USD but I will continue watching BTCUSDT
I'm using just a few indicators and mostly looking at Price Action
My strategy will work with
1 Volume Indicator (OBV)
1 Indicator that uses volume but it's a moving average (VWAP)
1 Momentum indicator (Hulli)
And the 180 EMA as reference.
I'm planning on keeping things simple, go long at the start of a new uptrend (shown by the Hulli turning green) with higher volume in the OBV giving more strength to this.
CRVUSDTCRV just entered a very strong resistance area but the volume on the market shows that it might have a chance of touching higher targets.
In that case we can open long positions and wait for those 2 TP areas (as shown on chart).
Wait for the closure of a 4H candle above the resistance and then once its confirmed, open your positions.
Be careful about it tho, it's a very strong resistance.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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$CRV - HTF Long Setup (1/2D)Evident CRV started at high prices and sold off, found a bottom and is now pushing up those initial higher prices
Using the 1D chart we can derive the cap of the market is the SR block of $3.6-$3.1 - mid and late August 2020
One we clear this which lines up with the deviation level on the LTF setup there isn't really any resistances, similar to XRP above $1.1
The flat top triangle is pretty clean - equal highs and higher lows, should be an explosive move upwards once flipped
Targets would be 1D SR's of $5.3, $6.9 and and the measure move target of $6.2
$CRV - LTF Long Setup (2H)$CRV fundamentals are solid here, DeFi etc.
Chart is strong
Micro range, deviation beneath (stop hunt), push above, retest and a good push to the upside
We have also formed a smaller bullflag in this micro range, bullish accumulation under the resistance of 3.4-3.5
Strong reclaims of mids, break and retest of flag and deviation level marked will all be solid entries as the 1D chart has us pointing even higher!
Targets for this LTF setup are 4 and 4.7 dollars
Check my next post for the 1D setup, adds to bullish confluence!