CRVUSDTHi Traders, the price has been forming a rising wedge which is a bullish pattern but we can see a bearish divergence in the recent high. We have to wait for confirmation for a short trade, entry shall be taken if the last higher low gets broken as marked on the chart. TPs and SL are mentioned on the chart.
CRVUST trade ideas
#CRVUSDT 4H Chart
Price dropped and broke below the support line as well as the previous low at $0.936 leaving a valid 4h supply around $0.99. MACD is bearish, RSI is sold and EMAs are neutral. Price should retrace and tap into this supply zone before moving down again aiming to liquidate the support line.
CRV is still bullishHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG 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
CRVUSDTCRVUSDT
What is Broadening Triangle?
While forming, it is difficult to predict the actual breakout from the pattern because of the diverging nature.
More over the tendency and requirement of surpassing the previous highs in the formation of the pattern, is a reason why breakout traders face a lot of stoploss triggers , trapping bulls when the previous peak is breached and bears when the previous low is breached and then the price turns back and returns into the pattern.
The direction in which the final breakout will occur is also very difficult to predict in the Broadening Triangle pattern.
In the charts below, let us take some real -life examples of the broadening triangle.
LONG
ENTRE:
0.817
TP1 :
0.97 20%
TP2 :
1.4 70%
TP3 :
1.7 100%
SL :
0.735 -10%
CRVUSDT heading up to next daily reisstance around 0.95-0.96The price broke the previous daily support and now trading inside the next daily support. The price is likely to head for the next daily resistance DR1 as marked on the chart. A probable upward move path has been depicted on the chart in sequence of steps L1, S2 and L3. Lets how the price action develops but the target is the daily resistance zone around 0.95-0.96 at first.
CRVUSDT (4H) - Bearish breakoutHi Traders
CRVUSDT (4H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 0.883 support level. Only the upward break of 1.003 would cancel the bearish scenario.
Trade details
Entry: 0.883
Stop loss: 1.003
Take profit 1: 0.814
Take profit 2: 0.697
Score: 8
Strategy: Bearish breakout
Follow up post: $CRV will rise again this yearIn my last post, you could have caught CRV at $1 and rode it up to $1.30
I think there's an even better Risk/Reward ratio at this level, though if BTC loses 20,000, perhaps not worth holding onto it until better market conditions emerge.
I'd like to long at ~0.888, or enter with a low leverage long here at .92 back up to $1
CRVUSDT may head for 4h reisstance after hitting daily supportHow about trying to aim for that 4h resistance 1 zone. We hit the daily support DS1 as mentioned in the previous post and also mentioned that there should be a bounce here as it has been a good support zone in the past and shall offer at least some this time as well. Lets follow L1, S2 and L3 path.
CRVUSDT heading down to daily support to 0.95 levelCRVUSDT lost the 4h support and now is very likely heading towards the daily support zone DS1. The price has bounced from this zone several times. It shall bounce this time too. How big and how long, that would be a question we shall answer once we see the price hitting this daily support zone.
Long : CRV/usdt
CRV coin has been able to climb above the moving average line after several weeks of effort and with the standard pullback, the price can now experience good growth. Also, the price is in an upward channel if the price stabilizes above the moving average line and the ascending channel. We can apply for a buy position