Buy Zone for Curve
Updated
Simple weekly chart depicting buy zone around bottom of a parallel downtrend, contingent upon Bitcoin and its greater market holding up
Trade active
Another way to look at Curve:Trade active
Reached very bottom of my buy zone, I'm in this trade now - higher risk, but returns could be quite high if it reverses here or even after moving a bit lower:Trade active
Another daily close within the channel, 2 days left until weekly close.Trade active
Falling wedge on linear 3 daily (or daily) chart targeting an area that would confirm the weekly channel breakout, if successful. Linear falling wedge target is around $1.56, log channel break TP 1 is around $1.90:Trade active
Additionally, the 8 hour linear chart has yet another a falling wedge targeting an area near the top of the daily | 3 daily falling wedge (and the top of the weekly channel), if successful:Trade active
Back at wedge bottom with the weekly / monthly close yesterday, possible we see a wick down to around 22 cents before a move up but believe this could reverse soon if Bitcoin holds above 56.5 and 60k:Trade active
The linear chart falling wedge is also still in play:Trade active
Weekly saw a channel breakdown that has since recovered and is now being tested again. Hold that and it'll strengthen the chance of a channel breakout:Trade active
Curve has recovered the weekly channel after losing it briefly, and even with the strong dip, it held channel bottom and we're back at the bottom of the buy zone:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.