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angela_altair

CRVUSDT likely to head down first to 4h support around 1.05

Short
CRV / TetherUS (BINANCE:CRVUSDT)  
angela_altair Updated   
BINANCE:CRVUSDT   CRV / TetherUS
Trend Analysis Chart Patterns Technical Indicators crvusdt crvusdtshort crvusdttrade crvusdtidea crvusdtanalysis
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trendanalysis chartpattern indicator crvusdt crvusdtshort crvusdttrade crvusdtidea crvusdtanalysis
This does not look good for CRVUSDT. The price has broken the 4H and daily support which now are marked as 4HR1 + DR1 resistance. The price is likely headed for next 4h support 4HS1 zone. I believe, a bit of bounce from this 4HS1 level, the price might break this support and head for the daily support DS1 level.
Comment:
The price moved to the upside as expected in the first step L1 of the idea. However, it has went above the 4h resistance (4HR1+ DR1) zone. This shows some strength in the price action at least for now. Therefore, following the step S2 of the chart is not favorable at the moment. Closing this idea as it does not seem that step S2 has a higher probability here.
snapshot
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