CRVUSDT trade ideas
CRV: Reminder This Pair Will Go Up Hard Soon.Hi Everyone! Simply reminding you CRV has a lot more room to move to the upside for its Sign of Strength event. It has not transitioned from Phase C into Phase D yet; like other pairs have. Same goes for MATIC. Both MATIC and CRV are still in Phase C. Many other alt-coins are in Phase D and still working on their Sign of Strength before eventually transitioning into a "Back-Up/Last Point of Support Period."
I simply wanted to provide this VIDEO publication to explain a few details about where we are in relation to Wyckoff Method 2.0. I hope this was helpful.
Happy Trading and Stay Awesome!
David
CRV / USDT - Bullish Momentum ContinuationTechnical Analysis:
Retest of Previous High: price has recently undergone a successful retest of its previous high, indicating a robust support level that could contribute to a sustained bullish trend.
200 Moving Average Breakout: The 200-day moving average has been convincingly breached, signaling a potential shift in the trend and attracting bullish sentiment.
Price Action and Trend Analysis:
The retest of the previous high coupled with the breakout above the 200-day moving average suggests a favorable environment for further upward movement.
Target:
Target: $0.7910
Risk Management:
As with any trade, consider implementing risk management strategies. Set stop-loss orders to protect your position in case of unexpected market movements.
CRV/USDT Back to try breakout or break down the ascending ??๐ CRV has been a major point of focus in the market, recently facing a tough rejection upon reaching the supply area. Observing CRV's movement within an ascending or bullish channel, it's clear that a recovery is needed for CRV to attempt another breakout of the supply area. Successfully achieving this could probability CRV towards our target in the strong resistance area.
๐ However, if CRV trends downwards and reaches the support trendline of the ascending channel, a robust bounce from this level is crucial to maintain the bullish trend. Failure to sustain its position at the support trendline and a potential breakdown of the pattern would indicate a shift to a bearish stance, suggesting a readiness for a downward move towards the support area.
๐ At the support level, it's essential for CRV to demonstrate a strong rebound and attempt to re-enter the ascending channel pattern. If CRV only consolidates at the support over a few days without a significant bounce, it could signal a continued downward trend, leading to a break of the support and moving towards the demand area.
CRV - 100% Move PossibleCurve recently has closed above (and is about to close a weekly candle) above our resistance level. The measured move would lead us to the highest point of the wedge around $1.20ish. The first major level of resistance of the entire move from bull market top to bear market low would be around $1.95 (0.236 fib).
CRV#CRV HTF
If looking at W chart - the price high probably will come to one of the strongest resistance levels - 0.8083$
Which in my opinion will not be that easy to break from the 1st time. So some rejection we may see.
Any pull back till orange box zone is a good chance to buy the coin. Or look for another long positions.
Because I expect another bounce from there and this time the coin probably breaks through the resistance and towards to another strong level at 1.2$ (n.1)
Where bear reaction is possible. (n.2)
If #CRV manages to close with the W body candle above 1.2$ then most probably the zone between 1.2 and 1.39$ will be consolidation zone for another moves.
If the market by that time will be Positive, we may expect uptrend continuation towards to 1.87$ etcโฆ
If the market turns out bearish, then the coin will dump back..
๐๐ CRV's Potential Breakout ๐๐
๐ป CRV in a Falling Wedge: CRV (Curve DAO Token) seems to be in a falling wedge on the weekly timeframe, but the pattern isn't entirely certain due to the shortness of the preceding wave.
๐บ Expanding Triangle in Shorter Timeframes: In the 4-hour and daily timeframes, CRV is moving in an upward expanding triangle (I will update the analysis with this pattern soon).
๐ 162% Move Possibility: A 162% upward movement for CRV can be envisioned after breaking the trend line and the resistance at $0.6456.
๐ฆ Strategy Recommendation: The best approach seems to be waiting for the breakout of the trend and the $0.6456 trigger.
๐ Volume and Candle Analysis: Currently, the volume doesn't confirm the movement trend, and the candles don't strongly indicate buyer presence.
๐ Set Alerts: Definitely set alerts if you're interested in buying CRV.
๐ Stop Loss Consideration: Though it seems large, the best stop loss might be below $0.4185, which is close to a 40% risk.
๐ Futures Trading: For futures, consider taking a long position after $0.6456 with a stop loss set in the 4-hour timeframe.
๐ In Case of Market Downturn: If the market drops, the yellow box will represent the new accumulation zone.
๐ Confirming New Primary Uptrend: To confirm the start of a new primary uptrend, we need to wait for CRV to reach $1.4554.
๐ Related Categories:
Pattern Analysis
Resistance and Support
Volume Analysis
Do you see a breakout in CRV's future? Share your thoughts and strategies! ๐ฌ๐ #CRVToken #CryptoAnalysis #TradeCityPro
๐ Remember: Investing in cryptocurrencies involves high risk. Always do your own research and consider your risk tolerance before investing! ๐ง ๐ผ
CRV ANALYSIS๐ฎ #CRV Analysis ๐ฐ๐ฐ
๐๐ After the breakout of trendline #CRV is sustaining above the support zone. And if #CRV closes above $6200 then we will see a bullish move. ๐๐
๐ Current Price: $0.5866
โณ๏ธ Target Price: $1.1175
โ๏ธ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #CRV. ๐๐ธ
๐ทRemember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#CRV #Cryptocurrency #DYOR #Breakout