CRV - Selling SignalBYBIT:CRVUSDT
4 Hours trend chart
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CRV cannot be supported from the uptrend anymore, also forms a small double top here.
We can plan a strategy to short at the broken candle, which closed point is 0.992, and set target/stop as below.
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Targets:
1) $0.962~$0.953
2) $0.932
3) $0.9
Stop:
1) $1.034
CRVUSDT.P trade ideas
CRV - Update of the last idea Reasons to take short:
⭐️ BTC bearish
⭐️ Trendline is 8 days old
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ Had false breakout
⭐️ 7th touch
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
CRVUSDTHello my dear friends
I hope we have a profitable day today
In my opinion, if the downward trend line is broken and the movement trend is below $0.832, the possibility of a price decrease according to the scenario is very high!!!
It should not be forgotten that Ichi Moku has issued a signal to change the trend
Please share your opinion with us
CRV - Curvy trendline for the winReasons to take short if BTC allows:
⭐️ Trendline is 7 days long
⭐️ Trendline is clean
⭐️ Price is squeezing to the Trendline
⭐️ Volume appeared at top
⭐️ 6th touch
⭐️ 40 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
CURVE double bottom 📖💡🚀 Hello 🐋
Based on the chart after a long time, correction to the downside these days we have appropriate amount of volume, or we can say new volume for the price and the price is close to the major support and shape the double bottom pattern ✔️
if
the price breaks the major resistance or better to say the round number$1 to the upside and stays above this level, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Will the triangle break on the upside?In the chart, we see the formation of a triangle pattern, and if there is a successful failure with good volume, we expect an increase or fall as much as the base of the triangle. The reason for the formation of an upward trend in the higher time frame is the expectation of the triangle breaking in the upward direction. I have important support on the price of 0.9185 and resistances on the way of the trend at 0.9971 and 1.0115 and I expect growth up to the price of 1.1001.
CRVUSDT | KEY AREACRVUSDT is trending near horizontal resistance zone. The price action shows that earlier price get rejected from same area.
The rejection from resistance zone will bring bears and can approach to risisng trendline. While the break above mentioned zone will bring bulls in complete control.
CRVUSD (Daily) Bearish Wave We2Hi Traders
CRVUSD (Daily Timeframe)
A High probability, entry signal to go SHORT will be given with the downward break of 0.678 after the market found resistance at 0.878. Only the upward break of 0.878 would cancel the bearish scenario.
Trade details
Entry: 0.678
Stop loss: 0.878
Take profit 1: 0.340
Take profit 2: 0.116
Score: 8
Strategy: Bearish Wave We2
CRV is moving to where it startedBINANCE:CRVUSDT price has been falling since the begging of 2022. It dropped by around 90% from its top of $6.9.
The price is still under 21 and 30 day EMAs. So, there is no need to change the strategy. It is still a bear trend. I expect the price will test November-December 2021 lows, and even lower in the next term.
After this sell-off, there will eventually be a consolidation. But this is another story.
This may mean that there will be a bearish + consolidation period in the next couple of months. To recap, a bearish trend is the main scenario.
This is not a financial advice. Trade wisely.