[CRV] just tested a previous area of SUPPORT, heads upA previous area of support from Sept '20 to Jan '21 is now being retested again ($1.08 top of support range)....yesterday's candle dropped down and damn near slammed against the that $1.08 top of the lower rectangle after it fell through the previous area of support between $186 and $2.10. I drew the new areas of possible support when the plunge began....let me know what you guys think. I must be on to something because whether bear or bull....there are ways to make money, and the better you can get at identifying areas of support and resistance, obviously the better trader/investor you will be for it. Happy trading guys and don't worry, this too shall pass. If you have money in something you know you have done your due diligence on and you believe in, and you can afford to leave it where it is....please be patient because more times than not....a legitimate project will recover and you will not have to take the tremendous loss that you may have been thinking you need to take....that fear they play on is a bitch, ain't it? Make money guys.....EVERYTHING MUST GO, AND YOU CAN'T BEAT THESE PRICES ANYWHERE.....
Curvetoken
CRVUSD within a Channel Up aiming at $12.00Curve has been trading within a Channel Up since late July, all within the wider uptrend of a Fibonacci Channel. The token is still outperforming the market average during this correction and is about to complete an Inverse Head and Shoulders (IH&S) formation within the Channel Up. Interestingly enough, the most recent IH&S pattern was back during the May market sell-off, and was what practically paved the way for the sustainable Channel Up.
Based on the 1D CCI indicator, a break above its Lower Highs, signals the start of a new bullish pattern. Currently the price is about to test those Lower Highs. If broken, our target will be $12.00.
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