CRVUSDT to head for next 4h resistance zone around 1.036CRVUSDT is ready to go to the next 4h resistance zone 4HR1. The price is likely to aim at least for 1.036 level.
CRVUSDT trade ideas
CRVUSDT may head for 4h reisstance after hitting daily supportHow about trying to aim for that 4h resistance 1 zone. We hit the daily support DS1 as mentioned in the previous post and also mentioned that there should be a bounce here as it has been a good support zone in the past and shall offer at least some this time as well. Lets follow L1, S2 and L3 path.
CRVUSDT heading down to daily support to 0.95 levelCRVUSDT lost the 4h support and now is very likely heading towards the daily support zone DS1. The price has bounced from this zone several times. It shall bounce this time too. How big and how long, that would be a question we shall answer once we see the price hitting this daily support zone.
CRVUSDT Support And Resistance The Last UpdateAs you can see, the price could no longer break its resistance range and went down and reached the support range and fluctuated within this range for 6 hours.
Long : CRV/usdt
CRV coin has been able to climb above the moving average line after several weeks of effort and with the standard pullback, the price can now experience good growth. Also, the price is in an upward channel if the price stabilizes above the moving average line and the ascending channel. We can apply for a buy position
CRVUSDT likely to head down first to 4h support around 1.05This does not look good for CRVUSDT. The price has broken the 4H and daily support which now are marked as 4HR1 + DR1 resistance. The price is likely headed for next 4h support 4HS1 zone. I believe, a bit of bounce from this 4HS1 level, the price might break this support and head for the daily support DS1 level.
CRVUSDT likely to head to 4h support around 1.10The price broke down from 4h support 4HS1 and retested it from below. This retest pushing price down and likely to revisit the 4h support 4HS2 around 1.10 area as marked on the chart.
CRV/USDTThis currency is in a favorable condition. It is currently testing the resistance of the black line. If it cannot cross this range, a red curve will most likely occur.
And if it can enter the black range, after some time it can follow the purple curve according to the harmonic patterns.
Also, in the crv/btc chart, the daily situation is favorable, but in the weekly chart, it is testing the dynamic resistance and ma 100.
CRVUSDT Support And Resistance The fourth updateAs you can see, the price finally entered the resistance range and after stabilizing its movement, it was able to reach the ceiling of the official range and break it for a while, but due to the fact that it could not stabilize itself above this level, it entered A resistance range has been entered.
CRVUSDT to test 4h supportPrice may head for the current 4h support (marked as 4HS). The reaction of the price after touching that level will give short term direction idea where the price want to go.
#CRV moved down!!!!#CRV moved down to a total of 6.3% almost from the breakout level of rising wedge!!!
CRVUSDT Support And Resistance The third updateAs you can see, the price finally entered the resistance zone, but could not break it upwards, and finally after several attempts to maintain this zone; Finally, it broke this level downwards.
#CRV Potential rising wedge formed!!!#Crv has formed a potential rising wedge which is a bearish pattern that can drag the price down if the marked level are broken
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CRVUSDT Support And Resistance The second updateAs you can see, the price could not break the resistance range.
CRVUSDT is testing the resistance!It recently experienced a false breakout at the 0.95$ area, which means that the price briefly broke above a resistance level but then quickly fell back below it. This false breakout can be caused by a variety of factors, such as lack of buying pressure, profit-taking, or market manipulation.
A false breakout is a common occurrence in technical analysis and can be challenging for traders to navigate. When a false breakout occurs, traders need to reassess their strategy and look for new trading opportunities. In this case, the false breakout at the 0.95$ area may have resulted in new liquidity being added to the market, which could lead to further price movements.
According to Plancton's Rules, we would now wait for a new breakout from the current range, which means that the price needs to move above the current resistance level and close above it for at least one or two candles. This would indicate a new upward trend and provide a new long trading opportunity.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
CRVUSDT High time frame outlook looks bullishThis is how the long term looks like for CRVUSDT. Once the price closes above the current monthly resistance MR1, it will head for the monthly resistance MR2 which is around 2.55 level.That will definitely cause the price to push back and it shall attempt again to break that MR2 resistance.
CRV / USDT Price PredictionAfter Retest If You See Nice Green Candle You Can take Long Trade From That Level
CRVUSDT Support And ResistanceAs you can see, the price hit the lower edge of the resistance level and could not enter it, and the price decreased.
