Technical Analysis Vocabulary!!!BINANCE:CRVUSDTPERP
Hello guys these are some of the trading terms/concepts I apply when trading;
1. BOS : Break of Structure - when price continues to break previous structure and at the same time continues the current trend. A line drawn from recent structure to the current breakout denotes the BOS.
2. CHoCH : Change of Character - when price changes its trend. A line drawn from the last high (for downtrends) or low (for uptrends) of the previous trend all the way to current price action identifies the CHoCH.
3. Liquidity : The buildup of stop orders residing on a trendline of equal highs, lows, trends, or wicks. This is money that can be taken out.
4. Bullish Order Block/Supply Zone : An area of the market where price fell from - highlighting the last bullish candle before the drop in price.
5. Bearish Order Block/Demand Zone : An area of the market where price rose from - highlighting the last bearish candle before the rise in price.
6. Consolidation : An area of the market where prices were oscillating in a corridor - highlighting indecisiveness in the market for that period of time.
- Joel.
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CRV
CRV - Selling SignalBYBIT:CRVUSDT
4 Hours trend chart
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CRV cannot be supported from the uptrend anymore, also forms a small double top here.
We can plan a strategy to short at the broken candle, which closed point is 0.992, and set target/stop as below.
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Targets:
1) $0.962~$0.953
2) $0.932
3) $0.9
Stop:
1) $1.034
CRV - Curvy trendline for the winReasons to take short if BTC allows:
⭐️ Trendline is 7 days long
⭐️ Trendline is clean
⭐️ Price is squeezing to the Trendline
⭐️ Volume appeared at top
⭐️ 6th touch
⭐️ 40 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
CURVE double bottom 📖💡🚀 Hello 🐋
Based on the chart after a long time, correction to the downside these days we have appropriate amount of volume, or we can say new volume for the price and the price is close to the major support and shape the double bottom pattern ✔️
if
the price breaks the major resistance or better to say the round number$1 to the upside and stays above this level, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
CRV is moving to where it startedBINANCE:CRVUSDT price has been falling since the begging of 2022. It dropped by around 90% from its top of $6.9.
The price is still under 21 and 30 day EMAs. So, there is no need to change the strategy. It is still a bear trend. I expect the price will test November-December 2021 lows, and even lower in the next term.
After this sell-off, there will eventually be a consolidation. But this is another story.
This may mean that there will be a bearish + consolidation period in the next couple of months. To recap, a bearish trend is the main scenario.
This is not a financial advice. Trade wisely.
CRV Potential of a riseCRV broke down from a long-term rising channel and has reached the measured move of that channel at 1.18$.
The RSI has build some bullish divergences and is now testing the descending trendline.
The current price action is bound to descending channel. If the RSI breakout, price will potentially test the resistance of the channel at 2.11$.
Breakout of the descending channel has a measured move to 3.35$.
This assuming that the market turns bullish and BTC.d drops.
CRVUSDIt's not an idea it's the truth, I dropped 200.00 into my exchange and set a limit order at 1.13, now ill just check till we hit it and it fills. if I miss it I miss it but it should hit 1.13soon maybe a month-long swing, I don't follow any news or no YouTuber, I'm 1- weeks ahead of them when it comes to trading based on how i chart. STOP LOSS STOP LOSS STOP LOSS
CURVE FINANCE - $CRV AREA OF INTERESTMy brief look at $CRV and where I will be looking to add more. Reaching areas of support, still in a downward trend/channel as many alts are currently. Waiting for when the tide shifts...
This coin has had a rough go but I believe it has a lot of potential in the next cycle. Check out their staking/rewards program if you don't already know about it.
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Cheers
V
CRVUSDT - Head and Shoulders PatternCRVUSDT (4h Chart) Technical analysis
CRVUSDT (4h Chart) Currently trading at $1.34
Buy level: Above $1.324
Stop loss: Below $1.08
Target 1: $1.46
Target 2: $1.61
Target 3: $1.95
Target 4: $2.4
Max Leverage 2x
Always keep Stop loss
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Best opportunity to buy CRVUSD in discounted priceHey crypto lovers!
How about owning some crypto at All time low price !
P.S. It is not a financial advice.
This is my own point of view you may or may not agree with this, but if you're agreed with my analysis then pleases hit like for appreciation and in latter case please let me know about your views on this analysis.
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Thank you :)