TradeCity Pro | CRV Testing Key Support Zone for Trend Reversal👋 Welcome to TradeCity Pro!
In this analysis, I will be reviewing the CRV coin, one of the popular DEXs, with a market cap of $954 million, currently ranked 81 on CoinMarketCap.
📅 Daily Timeframe
In the daily timeframe, this coin is in an uptrend with a trendline, and the price has currently reache
CRV/USDT: Range Breakdown Targets 0.57CRV/USDT: Range Breakdown Targets 0.57
Price broke out of type of range between 0.707 (resistance) and 0.674 (support).
Now, it is testing the lower side of the range, showing weakness. CRV can take a small pause in this area to reflect a bit more before it takes a clear downward movement..
If
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Tracking the price for
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Seeing the pennant bearish
price pattern
Is it a time for CRVUSDT. 30% potential target 1 $
On the 4-hour Curve/USDT chart the market shows a period of sideways consolidation after a recent rebound from the 0.72 USD area. Price is hovering around 0.77 USD, moving in a relatively tight range and testing both short-term moving averages.
The shorter moving average has started to flatten and
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CRVUSDT 1D#CRV is moving inside a falling wedge pattern on the daily chart. Currently, it has bounced nicely from the daily EMA200 and is on the verge of breaking out above the wedge resistance and the daily SMA50. Keep an eye on it. If it happens, the potential targets are:
🎯 $0.8762
🎯 $0.9744
🎯 $1.0538
🎯 $
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.