CRV/CVXCRV long set up off falling wedge (bull case)
Falling wedge statistics
- In 82% of cases, the exit is bullish.
- In 55% of cases, a falling wedge is a reversal pattern.
- In 63% of cases, the pattern’s price objective is achieved when the resistance line is broken.
- In 53% of cases, the price makes a support pullback on the falling wedge’s resistance line.
- In 27% of cases, false breaks (false exits) appear.
Notes on falling wedges
- The contact points on the falling lines must be significant because otherwise it might be a flag.
- The steeper the falling wedge’s trend lines (falling strongly), the more severe the upward movement is at the breakout (exit from the chart pattern).
- False breaks (or false exits) give an indication of the direction of exit. If a false bullish break occurs, the exit will be downwards in only 3% of cases. Exploiting a false bullish break is therefore statistically low risk.
- Retracements are generally twice as fast as the falling wedge was in its formation
- Pullbacks are detrimental to the pattern’s performance.
- The break out point (exit) generally occurs at 60% of the length of the falling wedge.
- Very wide falling wedges give better performance than narrow falling wedges.
For your information: A falling wedge is a reversal chart pattern. Its opposite is a rising wedge.
IGNORE THE SCAM WICK AS THOS HAPPEN WITH AMM POOLS QUITE OFFTEN.
- In 82% of cases, the exit is bullish.
- In 55% of cases, a falling wedge is a reversal pattern.
- In 63% of cases, the pattern’s price objective is achieved when the resistance line is broken.
- In 53% of cases, the price makes a support pullback on the falling wedge’s resistance line.
- In 27% of cases, false breaks (false exits) appear.
Notes on falling wedges
- The contact points on the falling lines must be significant because otherwise it might be a flag.
- The steeper the falling wedge’s trend lines (falling strongly), the more severe the upward movement is at the breakout (exit from the chart pattern).
- False breaks (or false exits) give an indication of the direction of exit. If a false bullish break occurs, the exit will be downwards in only 3% of cases. Exploiting a false bullish break is therefore statistically low risk.
- Retracements are generally twice as fast as the falling wedge was in its formation
- Pullbacks are detrimental to the pattern’s performance.
- The break out point (exit) generally occurs at 60% of the length of the falling wedge.
- Very wide falling wedges give better performance than narrow falling wedges.
For your information: A falling wedge is a reversal chart pattern. Its opposite is a rising wedge.
IGNORE THE SCAM WICK AS THOS HAPPEN WITH AMM POOLS QUITE OFFTEN.
Comment:
guy cvxcrv is actually 0.00017 rn on shushi swap so its a decent entry price to ride this falling wedge, while collecting 20%apr for staking.
Comment:
cleaner CEX chart...
cleaner CEX chart...
Comment:
perks of buying cvxCRV over CRV. the 1:1 peg will have to come back eventually so enjoy the huge discount as ive never seen it this far apart be sure to stake guys!!
perks of buying cvxCRV over CRV. the 1:1 peg will have to come back eventually so enjoy the huge discount as ive never seen it this far apart be sure to stake guys!!