CRVUST trade ideas
CRVUSDT is testing the lower trendlineThe price is testing the lower trendline of the ascending channel on the daily timeframe below the weekly resistance. The price needs to hold these level and gets more liquidity in order to create a breakout from here
How to approach it?
IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
CRV/USDT : Possible rejection as it's approached the range's lowHello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$CRV has reached the higher range's low and has swept above the last high.
Also, It has formed a swing high now and could be a good entry to locate our Shorts with a stop-loss above the higher highs...
However, If we get caught on SL, Then it's more likely for $CRV to have one more bound into the range's high and sweep out the higher swing highs.
In terms of that; I might look for $CRV's Short again!
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Attention: this isn't financial advice we are just trying to help people with their vision.
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@Helical_Trades
CRVUSDTPERPHello my dear friends
In the lower time frames, we do not have a signal to continue the upward trend, on the other hand, we have the negative divergence of the RSI.
We have reached an important range, there is even a possibility of consuming all the orders in this range. But the probability of entering the $1.62 zone!?!?! I do not think ....
If the current trend falls below the price range of $1.126, the possibility of a decrease to the range of $0.981 and $0.697 is high.
Don't forget, the bullish channel was maintained on the higher time frames.
As a result, the blue zone ($0.697) and the yellow zone ($0.648) are very important for us.
We would be happy to hear your comments
#CRVUSDT 8H Chart
Price dropped after leaving an area of equal highs just below the 4h supply zone where we were looking forward to shorting from but price missed it shortly. MACD is showing bearish weakness, RSI is oversold and EMAs are bearish. I expect price to move up towards the 12h supply at $1.2 before moving down again towards the 8h demand at $0.9. Waiting for confirmation.
CRVUSDT wants the pullback?The price is testing the local demand zone on 1.200 - 1.100 area where the price had the bullish impulse.
Now the price is testing the weekly resistance at 1.2$
How approach it?
IF the price is going to flip the weekly and retest as new support, we could see a pullback until 1.3 area, so According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐