CRV looks to be another alt showing a cup and handle pattern.
There is still some room for CRV to continue sideways or even downward (as indicated by the wedges with green lines and green dashed lines), but it looks like it is maybe one more alt that could be heading upward out of the cup and handle pattern soon or continue to form into a wedge in the short term.
earlier we have analyzed this token by Price Action Techniques and we capitalized on it,
now we are updating it...
we are opening new position on it again and there are total of 3 TPs specified by Fibonacci Projections.
the 1 Tp is the Immediate one and very easy...
CRV's way of increasing is quite risky because it is easy to create a strong dump to $2.5 or even $2 zone in this February.
If CRV conquers $3.5 zone, the highest target that we can calculate is $4 zone.
CRV needs more time to create a clearer future
-Buy: 2.5-2.6$. SL B
-Buy: 2.0-2.1$. SL B
-Sell: 3.3-3.5$. SL A
-Buy: 3.3-3.5$ if A. SL...
CRV has just had a strong 30% pump from the bottom. However its future looks blurred and I think we will soon see CRV in the $0.25 or lower. Only when CRV rebounds and crosses $0.45 we will consider buying CRV
📈BUY- LONG Strategy
- Wait and consider buying in the $0.25 zone
- Sell as close to $0.44 as possible
- Buy gradually if...
*** This is a continuation from the previous post, link supplied below. ***
This Defi could have hit rock bottom and looking at the MACD against price, and the other indicators on the 12 HLRY and Daily, we have a significant bullish divergence.
Since I have the RSI crossed over on the DAILY for the Phoeix, and the Stoch., its extra confirmation we are...
CRV (Curve DAO coin) looks like a bottom of a Wedge supported by the RSI structure.
I would like to see what it does with this first resistance before I consider jumping in.
It has a 50% to break this resistance or do a ABCDE bottom formation at the micro level before it breaks the trend line.
As per my BTC dominance chart, I have this area with BTC...