Hello traders,
Here’s a quick analysis of CRV on the daily timeframe.
CRV is currently forming a symmetrical triangle and is facing resistance at $0.70. It has managed to stay above the 200 MA and has shown a solid rebound. At this point, it’s important for CRV to break and close above the resistance to continue its bullish momentum.
A rejection from this level could likely push the price back down to the 200 MA or the support trendline around $0.44.
The best approach is to wait for a confirmed breakout before entering the trade or consider accumulating near the bottom if a rejection occurs.
Note: Always do your own research before investing.
Regards,
Dexter
Here’s a quick analysis of CRV on the daily timeframe.
CRV is currently forming a symmetrical triangle and is facing resistance at $0.70. It has managed to stay above the 200 MA and has shown a solid rebound. At this point, it’s important for CRV to break and close above the resistance to continue its bullish momentum.
A rejection from this level could likely push the price back down to the 200 MA or the support trendline around $0.44.
The best approach is to wait for a confirmed breakout before entering the trade or consider accumulating near the bottom if a rejection occurs.
Note: Always do your own research before investing.
Regards,
Dexter
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.