CRVUSDT: Ready for a pullback?CRVUSDT is back at it in a couple day uptrend. When will it end? Here's my take.
I see a very slight market structure break on the 15m that leads me to believe we may tap liquidity highs once more before we descend. The 768 retrace and monthly pivot point (short zone 1) could certainly hold as the final level of resistance before a reversal. If not, we are tackling liquidity in the 1.23 (short zone 2).
Look for an entry within the short zones and be patient. Perhaps market structure/price action will tell us something else when we get back up there.
TP targets 1 and 2 shown. TP target 1 is sandwiched between the potential up move and old down move 0.5 fibs, TP target 2 is based on volume profile.
Simple and easy trading plan with solid risk to reward if you are willing to anticipate the countertrend move.
CRVUSDT.PS trade ideas
$CRV - Finally Time To Break The TrendiHello my Fellow TraderZ,
I had shared my idea regarding $CRV few days ago on 4 HTF where I had mentioned that price has broken the Downward Trend on 4H, but still stucked and testing the range low support.
Today, once again I'm here with DTF Analysis on $CRV.
Here it is clearly visible that Downward TrendLine has acted as Super Strong Resistance which clearly rejected the price 5 times.
It would be interesting to see that is this time different or we gonna see some weakness of TrendLine!
Incase of breakout upward expecting 1:4 RISK-TO-REWARD while on rejction it is 1-4.5 R:R.
Thank you for taking out your time and read.
Curve DAO Token (CRV) formed Shark | A Good buying opportunityHi dear friends, hope you are well, and welcome to the new update on Curve DAO Token ( CRV ) with US Dollar pair.
In the previous harmonic move we caught a nice pump of CRV:
Now on a 4-hr time frame chart, CRV has formed a bullish Shark .
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
CRV, in front of the support to stop the decline.The following content is machine translation:
In the 4-hour chart, it fell to the former support of 0.97 yesterday and stopped falling, and it has rebounded at present. The major trend is bearish, and the minor trend is supported to see a short-term rebound.
The short energy column of the indicator macd is gradually shrinking, and the rebound is expected. The RSI indicator has reached the vicinity of oversold.
Summary: From the perspective of the general trend, the market is bearish, and within the day, it encounters a short-term rebound from support. In operation, you can choose high altitude, and the current support is 0.97, which can effectively fall below 0.97 and can be assured.
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!
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@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