Pair : CRVUSDT
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line and Fibonacci Level - 78.60%. Strong Divergence and Break of Structure. Consolidation Phase in Short Time Frame with the Breakout of the Lower Trend Line and Retracement
12h time frame
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CRV is creating a double bottom in this falling wedge structure, and retesting this support of double bottom currently. According to two support - uptrend line and double bottom, CRV is performing a strong sign, which has big probability to reach the resistance from the wedge top (~0.85), also we can set SL based on the 0.382 Fibonacci...
4h time frame
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CRV is creating a double bottom structure, and facing the resistance from neckline around 0.55. This bottom structure will be completed if CRV go above the neckline, then target will be set at 0.7, which is also the resistance of long-term downtrend line.
TP: 0.68~0.75
SL: 0.456
BINANCE:CRVUSDT
CRV/USDT has recently shown renewed bullish momentum on the 1-day timeframe. This suggests that market sentiment is shifting, with bulls gaining control.
It is important to monitor this development closely, as it may present a favorable opportunity for traders and investors.
Traders who are bullish on CRV/USDT may want to consider taking a...
2h time frame
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CRV is making a continuation structure of the pumping wave(0.464~0.544), here is a potential divergence triangle structure. If CRV accumulate pumping momentum from this zone, then we can expect it to take the upside.
TP: 0.577~0.594 / 0.62
SL: 0.501
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