During the last days we have seen increase in demand of smart contract coins and tokens. One of the most successful booming demand has been MATIC. MATIC rate of price change is extremely higher than CRV in the last week (almost 45 time higher), but CRV with limited number of available coin will grow and touch higher price in the high demand and low supply smart contract coins market.
Now CRV chart shows a bullish behavior. And currently is moving under the EMA200 which is a good news for pushing it up. As chart represents, a Doji Star candle on April 25 which reversed the bearish trend to bullish push the chart to the EMA200 since 28 hours ago. Regardless of the uncertain situation in Bitcoin and its effects on the altcoin market, CRV looks good for stepping in and some indicators such as MACD and RSI support the bullish behavior.
In the bottom line I would say although the previous daily candle closed with good volume, I would prefer to see more volume in the first 4 hours candle which is a little low. Personally I don’t trade these days and I just observe the market as long as Bitcoin doesn’t show a sustainable behavior.
Now CRV chart shows a bullish behavior. And currently is moving under the EMA200 which is a good news for pushing it up. As chart represents, a Doji Star candle on April 25 which reversed the bearish trend to bullish push the chart to the EMA200 since 28 hours ago. Regardless of the uncertain situation in Bitcoin and its effects on the altcoin market, CRV looks good for stepping in and some indicators such as MACD and RSI support the bullish behavior.
In the bottom line I would say although the previous daily candle closed with good volume, I would prefer to see more volume in the first 4 hours candle which is a little low. Personally I don’t trade these days and I just observe the market as long as Bitcoin doesn’t show a sustainable behavior.