Crvusdt
Textbook Cup and HandleIf this isn’t a cup and handle, I don’t know what is. Unfortunately we’re still stuck in the handle BUT I strongly believe it will be broken at some point and we will test $3.60 again (hopefully passing it this time). This will be my last CRV post until the breakout. I just wanted to show this beauty of a chart one more time. If we don’t break out, I don’t know anything lol. We also have a nice bullish divergence on the MacD, which has reset itself for another move up. A very healthy up trend in the RSI as well. Should be some fun weeks ahead.
CRVUSDT (CRV) - POTENTIAL BREAKOUT ANALYSIS 🔎
- CRVUSDT is printing an ascending triangle (AT) pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the ascending triangle's horizontal resistance.
- Limit entry : test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.