FieryTrading

🔥 CRV Strong Reversal: Bullish Outlook

Long
BINANCE:CRVUSDT   CRV / TetherUS
CRV has been lagging behind a bit. Most other cryptos are seeing stronger returns since the start of this week. Although starting off relatively weak, CRV seems to be picking up speed since last night. This trade is based around the idea that this speed will remain in the near-term.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!

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