CRV - Go long!Personally a lot of positive signs, but I'm no expert.
After a breakout of .382, we're having a slight retest of .5 and the 7 day EMA then it's time to move some more in my opinion. While it's possible we may range for a bit and retest the trendline, it's a risk I'm willing to take in the short term in looking to the longer term potential moving toward 1.618 and the upper side of the trend.
With stimulus checks hitting and money getting ready to pour into the markets tomorrow, I'm hiiiighly optimistic on where we're headed.
Always do your own analysis to verify ideas and compare. Do not trust ideas as gospel.
Trade without fear. Eliminate fear through risk management. Be a badass, put in work.
CRVUSD.P trade ideas
CRVUSD: $6 Soon?!CRVUSD appears to be in the final innings of a cup & handle pattern formation, which suggests that CRVUSD could move to ~$6 in the not so distant future. For this to happen, CRVUSD needs to continue to respect the upward support of the handle and move through $3.50 resistance. That's no small task, but certainly within the realm of possibilities when considering the current trend in the 14-day RSI and how tight the Bollinger bands are getting.
As always, BTC dictates the broader macro trend for the alts. A CRVUSD break out implies that BTCUSD doesn't enter into a downward correction over the next few weeks.