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ssari
Sep 18, 2020 7:21 AM

CRV.USDT (Y20.P4.E1). TA. Looking like a wedge breakout Long

CRV / TetherUSBinance

Description

Hi All,

CRV (Curve DAO coin) looks like a bottom of a Wedge supported by the RSI structure.
I would like to see what it does with this first resistance before I consider jumping in.
It has a 50% to break this resistance or do a ABCDE bottom formation at the micro level before it breaks the trend line.

As per my BTC dominance chart, I have this area with BTC bouncing so I don't see many ALTs breaking out but more likely creating the structure for a bullish breakout pattern.


Please give me a like or tick for this post.

Regards,
S.SAri

BTC Dominance Chart:




Comment

4 hrly chart

Comment

Still bearish pressure, I have it going lower to the next fib level for now.
Comments
FetCapital
update?
ssari
@RLX11, Still bearish pressure, I have it going lower to the next fib level for now. Look at the updated chart.
PolarHusk
GoodWork
ProjectSyndicate
good deal, I like that, excellent setup.
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