Crvusdt
Textbook Cup and HandleIf this isn’t a cup and handle, I don’t know what is. Unfortunately we’re still stuck in the handle BUT I strongly believe it will be broken at some point and we will test $3.60 again (hopefully passing it this time). This will be my last CRV post until the breakout. I just wanted to show this beauty of a chart one more time. If we don’t break out, I don’t know anything lol. We also have a nice bullish divergence on the MacD, which has reset itself for another move up. A very healthy up trend in the RSI as well. Should be some fun weeks ahead.
CRVUSDT (CRV) - POTENTIAL BREAKOUT ANALYSIS 🔎
- CRVUSDT is printing an ascending triangle (AT) pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the ascending triangle's horizontal resistance.
- Limit entry : test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
Here we are...If we retest this downtrend line and hold it as support, we should continue up to test this crucial $3.65 area. Seems as though we’ve actually broken the handle this time so let’s see how the volume looks. It’s safe to say if we break that next resistance and hold it as support, something big could happen. Good luck everyone.
CRV going to the moonThe figure of a cup with a handle, as well as a squeeze and an ascending triangle.
Entry is possible after retesting the breakout line of the handle (triangle), so you eliminate the risk of a false breakout, but you will not get the best price, or you can place an order at the level and immediately open a long trade in the event of a breakdown of the resistance level, meanwhile, but I will open a trade only after a breakout of the level occurs, and the price on the watch will fix behind it.
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