💹 Let's dive into analyzing the favorite coin of Ethereum whales, CRV.
💰 Firstly, if you examine the wallets of CRV holders, you'll notice some crucial aspects. Most Ethereum holders also hold a significant amount of this coin in their wallets. We'll discuss this further after the analysis.
🔄 On the weekly timeframe, we're essentially stuck in a range-bound cycle, witnessing no significant movements. However, we've now reached one of the most critical life supports for this coin.
📊 This support cannot be represented by a single line but constitutes a long-term support range, with an approximate lifespan of three years.
🚀 For buying this coin, we have three potential scenarios. Firstly, after entering the support range and seeing a confirming green candle with a long lower shadow and good volume. Secondly, after breaking the weekly downtrend line and confirming this breakout. And thirdly, after breaking the weekly resistance at 0.8146.
🛑 If you've included this coin in your portfolio and bought it at higher prices, I recommend selling it after breaking and losing the support range and the 0.3348 line. If we re-enter this range in the future, consider buying with a smaller amount, which will protect you from the severe decline of this coin.
💡 If, in the future, you find this analysis and miss all three entry points for spot buying, our most critical resistance is at point 1.4051. This resistance is the weekly box ceiling and is crucial as it guides our movement down to 0.4230.
💼 Now, let's discuss why most Ethereum whales hold this coin. They acquire this coin to participate in project-related issues and voting, influencing their decisions. The more of this coin they hold, the more influence they have.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
💰 Firstly, if you examine the wallets of CRV holders, you'll notice some crucial aspects. Most Ethereum holders also hold a significant amount of this coin in their wallets. We'll discuss this further after the analysis.
🔄 On the weekly timeframe, we're essentially stuck in a range-bound cycle, witnessing no significant movements. However, we've now reached one of the most critical life supports for this coin.
📊 This support cannot be represented by a single line but constitutes a long-term support range, with an approximate lifespan of three years.
🚀 For buying this coin, we have three potential scenarios. Firstly, after entering the support range and seeing a confirming green candle with a long lower shadow and good volume. Secondly, after breaking the weekly downtrend line and confirming this breakout. And thirdly, after breaking the weekly resistance at 0.8146.
🛑 If you've included this coin in your portfolio and bought it at higher prices, I recommend selling it after breaking and losing the support range and the 0.3348 line. If we re-enter this range in the future, consider buying with a smaller amount, which will protect you from the severe decline of this coin.
💡 If, in the future, you find this analysis and miss all three entry points for spot buying, our most critical resistance is at point 1.4051. This resistance is the weekly box ceiling and is crucial as it guides our movement down to 0.4230.
💼 Now, let's discuss why most Ethereum whales hold this coin. They acquire this coin to participate in project-related issues and voting, influencing their decisions. The more of this coin they hold, the more influence they have.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.