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.
Here we are...If we retest this downtrend line and hold it as support, we should continue up to test this crucial $3.65 area. Seems as though we’ve actually broken the handle this time so let’s see how the volume looks. It’s safe to say if we break that next resistance and hold it as support, something big could happen. Good luck everyone.
CRV going to the moonThe figure of a cup with a handle, as well as a squeeze and an ascending triangle.
Entry is possible after retesting the breakout line of the handle (triangle), so you eliminate the risk of a false breakout, but you will not get the best price, or you can place an order at the level and immediately open a long trade in the event of a breakdown of the resistance level, meanwhile, but I will open a trade only after a breakout of the level occurs, and the price on the watch will fix behind it.
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CRV / USD (Curve DAO Token) Main trend. The Dragon. A cup.The main trend of this coin. The coin appeared in September 2020. At the moment, there is a pronounced uptrend. The classic Dragon formation has worked.
At this time, a local cup with a base of 100% has formed. The price is at her resistance. The first local target in the event of a breakout of the 3.5 level (yellow level) is the development of the targets of this formation, similarly, at about 100%.
This level of 3.5 is a very important resistance. A breakthrough of it and fixing the price above it will give further development of the trend. If the trend develops further, then the goals are impressive ....
But, it should be remembered that at the moment the coin, especially in the pair to USD from the reversal zone of the secondary trend, is at the "XXX". Therefore, you need to trade carefully and in compliance with risk management. In cases where this important resistance is not broken, the potential for short work opens. Key levels are shown on the chart.
In the pair to CRV / BTC, an upward channel has formed with a potential for resistance of about 150%. At the moment, the price is at the bottom of it.
Perhaps this coin with the name of a not good woman will please everyone with a big profit. But, it should be remembered that you should not mess with CURVE and similar temporary creations for a long time, otherwise this word will often erupt from your lips.