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CRVUSD

CRV/BTC (Potential Inverse H&S Pattern?)CRV/BTC -This coin is back at previous trading resistance -It is also testing the 50MA dynamic support area -Also, the Golden Fib is confluence on this region -Take note as well of the potential Right Shoulder Pattern -If this level will hold and if we see a bounce up reaction -The chances of an Inverse H&S pattern will start to develop -This is a high-risk trade if you are starting to scale in -But the reward would be high if the pattern breaks bullish -Please use proper risk management especially on size allocation
by PolarHusk
7
CRV / USDT - Attempting to Break Resistance for bigger move upCRV double-bottomed with a slightly lower bottom, and then broke out of it's long-term downtrend and gave us another >30% move. It has now made multiple attempts to break through resistance here (red box), and we've printed an inverse head and shoulders below the resistance. These don't always play out, so trade carefully. 30+ % is a wonderful place to take profits and get out if you've already achieved it. If we can break through this resistance, expect a bigger move up - see short and long term fib lines on chart for targets, and for short term targets, see red horizontal lines. A sustained break below the purple diagonal line invalidates this setup. It will make a decision within hours (see end of wedge) See links to previous charts below.
Long
by dudebruhwhoa
1