CRVUSDT(Descending Channel Breakout)#CRVSDT (Day chart) Technical Analysis Update
Descending Channel Breakout
CRV/USDT currently trading at $0.70
Long Entry-level: $0.60 TO $0.70
STOP LOSS: below 0.55
Target 1: $0.925
Target 2: $1.20
Target 3: $1.55
Max leverage: 2X
ALWAYS KEEP STOP LOSS...
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Crvusdt
CRVUSDT 1H Price analysis Strong support lines coming from previous highs are good support at the moment, and they are forming a wedge with a resistance line.
The next strong resistance is at the 0.788-0.805 level simply looking at previous ATH levels. Pink line indicates this strong resistance at 0.805. This also coincides with the Fibb level (@ 0.809)
I suspect price will go down to about 0.675 next 2-3 days, and also looking at RSI, this seems very likely. Then it will shoot up. And only to hit resistance as mentioned.
CRVUSDT (Falling wedge breakout)#CRVUSDT Technical Analysis Update
Falling Wedge Breakout
CRV/USDT currently trading at $0.73
Long Entry-level: $ 0.70 to 0.74
STOP LOSS: Below 0.550
Resistance level 1(Target 1): $0.86
Resistance level 2(Target 2): $0.95
Resistance level 3(Target 3) : $1.13
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
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CRVUSD (Waiting for the trend line Breakout)#CRVUSDT Technical Analysis Update
Waiting for the Trendline Breakout
CRV/USDT currently trading at $0.565
LONG ENTRY: Above $0.605 (Only enter long if 4 h candle close above $0.605)
STOP LOSS: I will update once I see the Breakout
Resistance level 1 (Target 1): $0.700
Resistance level 2 (Target 2) : $0.855
Resistance level 3 (Target 3) : 0.960
Max leverage: 2X
ALWAYS KEEP STOP LOSS...
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CRV building up for a big breakoutCRVUSDT has been holding very well and has been setting higher lows since the bottom at ~0.35. Going to be watching CRV ride the trendline on the 4hr/1day frame and waiting for a break out above the the multi month wedge around 0.70-0.80 cents. BIG MOVES coming soon. Patiences and intelligent planning required for a small cap sheitcoin :D