Crvusdt
CRVUSDT Cup & Handle potential 60%CRV is one of my favorite DeFi projects.
As its very obvious from the chart on this timeframe. The coin as on overall has formed a cup & handle shape.
It a reversal shape and my favorite trades goes in this shape. At the same time I am waiting for the breakout from the triangle and a retest.
My TP's will be the previous resistance levels.
CRV - welcome to summer levels? vol 2It's less than an hour for the daily candle to close and we can see that it has broken the Fibonacci resistance level 1, about $ 3.50.
If in this daily view the apparently bullish movement that we appreciate consolidates, we will consider the new resistance zone between $ 5 and $ 5.50 (mark 1.618 Fib), matching the previous highs back in September of last year.
In the event of a downward correction, the levels to be taken into account are reflected here.
Thanks again
CRV / USDT breakout on the dailyCRV breaks out on strong volume on the daily candle. This is a great place to enter a position, or wait for it to pull back closer to the breakout point of 3.68. I believe the price will come down to around 3.8, but not linger much lower for long. Of course, this all depends on market conditions.
A great entry is around here or 3.8 with about a 10% stop loss.
Profit target: 25% , 40%, 60% + always dependent on market conditions, reversals, signs of weakness, etc.
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Update April 2021: We are in a tighter environment in terms of pumps, so I am taking profits sooner rather than later, around 25%, 40% and 60-70% range. It is really up to your experience and comfort on how long you let your winners ride.
My Crypto Strategy:
I enter trades in 5 and 10% positions (of total trading portfolio). If possible, I add to successful positions (in profit already) to a max of 25% total of portfolio.
For the 2021 bull market, my profit taking targets are around 40-50%, in quarters, thirds or sometimes halves. I like to let successful positions ride to 80-100% gains for further profit taking.
Depending on the coin and pump cycle, I hold some positions thru 100, 200 or even 300% returns, taking profits on the way up. ($LUNA, $ADA, $BTT)
My trading account is entirely separate from my HODL bags, which I do not trade or touch.
Trade with me on Binance! Get 10% OFF your trade commissions for life when you sign up with my referral link: www.binance.com
CRVUSDTCRV just entered a very strong resistance area but the volume on the market shows that it might have a chance of touching higher targets.
In that case we can open long positions and wait for those 2 TP areas (as shown on chart).
Wait for the closure of a 4H candle above the resistance and then once its confirmed, open your positions.
Be careful about it tho, it's a very strong resistance.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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$CRV - HTF Long Setup (1/2D)Evident CRV started at high prices and sold off, found a bottom and is now pushing up those initial higher prices
Using the 1D chart we can derive the cap of the market is the SR block of $3.6-$3.1 - mid and late August 2020
One we clear this which lines up with the deviation level on the LTF setup there isn't really any resistances, similar to XRP above $1.1
The flat top triangle is pretty clean - equal highs and higher lows, should be an explosive move upwards once flipped
Targets would be 1D SR's of $5.3, $6.9 and and the measure move target of $6.2
$CRV - LTF Long Setup (2H)$CRV fundamentals are solid here, DeFi etc.
Chart is strong
Micro range, deviation beneath (stop hunt), push above, retest and a good push to the upside
We have also formed a smaller bullflag in this micro range, bullish accumulation under the resistance of 3.4-3.5
Strong reclaims of mids, break and retest of flag and deviation level marked will all be solid entries as the 1D chart has us pointing even higher!
Targets for this LTF setup are 4 and 4.7 dollars
Check my next post for the 1D setup, adds to bullish confluence!