ITSCRYPTO1

CRVUSDT - SETUP

Long
BINANCE:CRVUSDT   CRV / TetherUS
CRV on the daily timeframe since making a strong impulse to the upside has provided us with a nice correction to the 0.50 fibonacci, this fib is also aligning nicely with the new daily support. Dropping down to the 4hr timeframe we can see new bullish price action and this higher high and retest which is currently forming this nice inverted head and shoulders, i am expecting this zone to hold as new 4hr support and see the continuation to the upside.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.