You can see the Chart of CRWBTC on Daily Timeframe .
It Seems Like correction period End.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Thanks
Adil Khan
I am currently buying this promising coin. If you want to know more about CRW, I suggest you to visit twitter or CRW homepage to see its bright future :) This is longterm building positions.
We have a lot of quiet periods with this coin using the strategy described below.
However... 36% profit just under 3 months. Max drawdown of: 0.18% !!! (You have to appreciate my minimal max drawdowns :) ? ), 5.14% average pnl per trade.
Strategy
Refer to related ideas for detail into strategy, which works well with only high volume/volatile coins....
Today Crown has formed the bottom at 8365 satoshis, prior to which price broke above the descending channel. Nonetheless, it failed to break above the 8/1 Gann Fan trendline which formed the resistance at 12700 satoshis high.
The interesting point is that RSI has already formed a bullish divergence and at the same time broke the downtrend trendline, which could...
Currently sitting on strong support, potentially forming a double bottoms at a level which, until recently, hasn't reached since the last BTCUSD rally from last December. The only issue, and it's a big one, is the volume, but since this is a $20 million mcap coin, it still has hope for a decent rally.
Some well needed speculation on Crown and where the price could be over the next month or so.
Crown showing some upside potential as it rides along with BTC.
Crown is a relatively small marketcaped well developed token, expect volatility (Up or Down).
We've seen CRWBTC ranging for a while, so a move to resistance level is expected soon. This could result in an inverse H&S pattern, which could cause a breakout into an even higher target.
