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P_S_trade
Jan 18, 2021 10:14 AM

CRV 12h Harmonious growth needs short-term rollback 

CRV / TetherUSBinance

Description

For two months we did not update the CRVUSDT idea. It was a period of a long coin consolidation.
And now it's time to work out targets from

Growth in the CRVUSD pair looks natural and harmonious, because after a long consolidation, buyers began to drive the price up, without any artificial and intriguing news.

Now the CRV price has approached the liquidity zone, in which there was a hitch in September, before moving further behind the trend.
Therefore, even now we think that it's impossible to pass this zone up for the first time.

In order to gain strength for further upward movement, buyers need to retreat a little and let the price rollback.
It is likely that the next upward attack will begin after a rollback to the level $1.05.

The next target from above is the level $2.20.
In case of strong bullish sentiment, this is the level of $3.90.
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Comments
HuskyTrader9
Definitely agree, bigger pullback is necessary for next growth, on the other hand +300% without bigger correction is also not productive.
P_S_trade
@HuskyTrader9, where is this bigger in your opinion?
elsacatherine007
Excellent
P_S_trade
@elsacatherine007, thank you)
Babenski
great chart ...good pullback zone for rebuy
P_S_trade
@Babenski, thanks)
ProjectSyndicate
alright this is in-line with my forecast as well. excellent!
P_S_trade
@ProjectSyndicate, let's see)
FX_Professor
Beautiful set up, buddyn👌😎💙👌
P_S_trade
@FX_Professor_88, thanks)
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