CRVUSDT trade ideas
#CRVUSDT 4H Chart
Price is previously got rejected from a 4h supply zone and it is currently testing a 4h demand zone which it is bouncing off. MACD is not clear, RSI and EMAs are both neutral. If we get confirmation on lower timeframes, then price should be able to move up from here aiming towards the 4h supply at $2.57 also filling the FVG (fair value gap) around $2.55.
CRVUSDT Analysis - 05.05.22Entry triggers: 3 waves in parallel lines (abc)
Entry: market price
TP: 2.534
SL: 2.697
Like with any other trade, due diligence is advised.
I see about 3 scenarios that might happen here, but the most likely is the one illustrated. The waves could be 1-5, with 1 and 2 slightly below the parallel lines and abc become 3-5, either way, the next move should be to the downside. If the SL doesn’t hold, this invalidates itself and would look for another short around 2.80s
CRVUSDT 4H TA: In the ChannelIt is located in a descending channel that after reaching the bottom of the channel, the price is advancing towards the midline and the ceiling of the channel. At present, if the channel roof is broken, it can have attractive prices in the bullish movement, and otherwise, we will have a fall by reacting on the channel roof.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
💡Don't miss the great buy opportunity in CRVUSD @CurveFinance
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.191).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CRVUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 2.517
TP2= @ 2.746
TP3= @ 2.967
TP4= @ 3.238
TP5= @ 3.713
SL= Break below S2
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💡Don't miss the great buy opportunity in CRVUSD @CurveFinance
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.191).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CRVUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 2.517
TP2= @ 2.746
TP3= @ 2.967
TP4= @ 3.238
TP5= @ 3.713
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EW: Fourth wave's done? Buy or sell?On daily chart
From July to Jan, BINANCE:CRVUSDT has done three waves at 6.8
Right now, it's trading around 2.0
At ATH on July, there's not a golden ratio of impulse wave. I figured out a golden ratio at 13.
Besides, it's a invalidation level below 1.8
What next, wait and see
CRV ; it has formed Bullish structreCRV is one of the few currencies that, unlike other currencies, has formed a bullish structure in the last three days.
If the CRV can stay above the support around $2 level, and on the other hand can move break up the $ 2.3 level , we can hope that the buying pressure will increase and the price will rise to the upper resistance line of the long term channel.
Assuming btc will not make a huge dump i am expecting us to more gain on the CRV
🆓Curve DAO Token (CRV) May-01 #CRV $CRV
CRV is falling quite strongly to 1.9$ and 1.8$ with weak selling force, this shows that buying is waiting at this support zone. We can completely accumulate CRV in this zone and expect a rally back to $2.6 and $3 in the near future. However, if CRV loses this 1.8$ zone, the selling will increase strongly and it will fall strongly to the $1.6 and $1.4 zones.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.8$ zone
🔴Buy : 1.9 - 1.8
🔴Sell : 2.2 - 2.6 - 3
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.8$ zone
🔵Sell : 1.8
🔵Buy : 1.6 - 1.4
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section