CRVUST trade ideas
#CRV/USDT 1DAY UPDATE BY CRYPTOSANDERS !Welcome to this quick CRV/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- CRV/USDT PARALLEL CHANNEL brake the green and trendline and buy the CMP green zone. PARALLEL CHANNEL green zone. (SPOT CALL)
Entry:-$1.090,$1.305
Traget:- 100%
Stoploss:- $0.978
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
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CRV, step back and rebound.The following content is machine translation:
The 4-hour chart rebounded on 5.12, met resistance near $1.6 and stepped back, found support near $1.25 and rebounded again, forming lows and sub-lows, and continued to be bullish in the short term. Look at the short-term resistance near $1.6, and break through to see near $1.85.
#CRVUSDT 4H Chart
Price is previously got rejected from a 4h supply zone and it is currently testing a 4h demand zone which it is bouncing off. MACD is not clear, RSI and EMAs are both neutral. If we get confirmation on lower timeframes, then price should be able to move up from here aiming towards the 4h supply at $2.57 also filling the FVG (fair value gap) around $2.55.
CRVUSDT Analysis - 05.05.22Entry triggers: 3 waves in parallel lines (abc)
Entry: market price
TP: 2.534
SL: 2.697
Like with any other trade, due diligence is advised.
I see about 3 scenarios that might happen here, but the most likely is the one illustrated. The waves could be 1-5, with 1 and 2 slightly below the parallel lines and abc become 3-5, either way, the next move should be to the downside. If the SL doesn’t hold, this invalidates itself and would look for another short around 2.80s