Crvusdt
Crypto CRV/USD (Possible bounce?)
View On CRVUSDT (16 June 2023)
CRVUSD is in
* Bearish in short term (Intraweek)
* Bullish in Mid term (1 to 3 months)
* Bullish in Long term (3 months onward)
CRV has been under the bearish control for a while and it touched near a strong support 0.5~0.55 region.
The volume traded is rather hugh too.
Now we may see some rebound.
It shall easily swing back UP to 0.65 and 0.70 possibly.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
CRV IS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the CRV symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CRVUSDT → The price is squeezed between the strong linesCRVUSDT forms the bottom in the area of 0.500-0.600. After that, a rally is formed, which turns into a strong consolidation in the area of trend resistance.
The cryptocurrency pair after another retest forms a resistance breakout, but at the same time, the price is still on the upper boundary of the local pattern.
In the near future, if the price successfully overcomes the area of 0.883, I expect an active strengthening of the price to the area of 1.112 with the subsequent movement to 1.891.
CRV shows great dynamics on the background of the fact that after the rally, there was not a strong pullback, but a consolidation is forming.
The price got a strong support at 0.818 and from the MA-200.
MA50 is a resistance and the price might try to test it soon.
Strong support at 0.818 and 0.770
Strong resistance: 0.883, 0.980, 1.300
I expect consolidation between 0.850 and 0.950 with further break through the resistance of the local wedge and growth to 1.890.
Regards R.Linda!
CRV, give it to me straight!If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
At an important level here, watching for how PA prints from here.
If it bounces, could be some kind of running or expanding correction coming in.
I am anchoring the count based off of an impulse down, due to sharpness, so looking for an impulse to complete the ZZ. It may be some kind of 2xZZ as well, but I have some long entries planned as well if that is the case.
Cheers!
CRVUSDT long looks favorable to target weekly resistanceThis one is again at the entry level as it has revisited the support zone and dipped below after successfully executing our first long idea. I believe this is again an opportunity to long from here and the target again remains 0.854 first and extended 0.90 in case the price has momentum while breaking the first level.
CRVUSDT likely to hit weekly support and bounceThis one is also aiming for weekly support WS1. 0.80-0.81. It has come quite close to it and I believe it wont shy away from it. However, that hit of the price to the weekly support may provide a long opportunity. The target for this long should be 0.854 and if extended 0.883.
CRVUSDTHow do you do dear followers,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for CRVUSDT
Here we have R3 and R2 which are our resistance areas in this chart with their demonstration of the disability of the price to rise at various points. R1 is a 4-hour resistance area. And as you observe, S1 is a long-term support area at the bottom that involves the well support of price at some different points even since the past. Clearly, the price experienced a great support at S1 area and via a notable rise, it could move up to the third resistance area. But after losing the support and being rejected there, we observed its decline down to S1 again. By having the last touch and support here, the price rose for another time to higher amounts and failed to move over R1 area. Therefore, it is fluctuating below our first resistance via a positive Marubozu Candle and we expect it to provide us two scenarios after being supported here and moving over R1 area. One of them would be receiving some confirmation candles for the purpose of a rise and then by being supported and breaking R1 line upward and via providing more fixation and fluctuation over there, more rise will happen in order to touch higher amounts including R2 and R3 (which are good points for saving your profits). But when the price falls down to S1 and loses the support at its current point or at any higher points in its rising trend, surely more decline will happen then. According to the chart and considering the signs here, when the price is fluctuating above S1, we won’t have so much decline. Please consider the market situation in lower time frames and then decide what to do exactly. We suggest you to save your profits in the resistance areas due to the fact that in the decline of the price, you will not have so much loss. Keep moving with our updates and analyses to have multiple pieces of information and ideas.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a great time
CRV: Resistance BreakoutTrade setup : Price reached $1.25 resistance and pulled back to 200-day moving average, which could be an attractive swing entry in Uptrend with upside potential back to $1.25. It just broke back above $1.00 resistance level, indicating Uptrend continuation. Note that price made a Higher Low during this recent downswing, which is also a sign of Uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.75, then $0.50. The nearest Resistance Zone is $1.00, which it broke, then $1.25.
Crypto CRV (Gonna go UP?)View On CRV/USD (28 Feb 2023)
Follow our analysis on CRV on the last Nov? 24 Nov to be precise.
Our bullish stance on this crypto worked pretty well.
It went from $0.55 range to $1
Now we are still bullish overall using $0.90 as strong support region.
It shall retest $1.25 or even higher this time.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.