Crvusdt
CRVUSD: "CUP" has formed, awaiting for "HANDLE" to confirmAs we can see in the 1D Chart, CRV is forming a handle right now and if we are able to break out the white line, our next potential target might hit 5 (only when the candle have successfully broke and stay above the white line)
Looks promising, so you might want to put this in your watchlist and pay attention to the 1H, 4H & 1D Chart.
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Trade wisely folks.
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.