(CRV) POTENTIAL GIANT "CUP AND HANDLE" PATTERN
Hello everyone !
Today the black cat trader is analyzing
CRVUSDT based on a weekly chart.
CRV seems to show us a potential giant « Cup and Handle » pattern.
What we can see :
First, based on this pattern, we can situated our neckline at approximately 3,60 $ which is our major resistance. Secondly, we can considered the descending trend line as a second resistance that price must break to go higher.
What we can expect :
1. To validate and complete this beautiful cup and handle pattern the price must first break the descending trendline to gain the top of the handle which is situated at approximately 3,60 $.
2. Once the price will break the C&H neckline we can expect a pull back on the neckline which would be a good support to go higher.
OBJECTIVE :
If we complete this pattern we can expect the price to go at : 6,90 / 7 $ (x3 from the today’s price)
IF YOU LIKE THIS POST, FEEL FREE TO FOLLOW THE BLACK CAT TRADER AND LEAVE A LIKE !!
MAY THE CRYPTO BE WITH YOU GUYS
Today the black cat trader is analyzing
CRVUSDT based on a weekly chart. CRV seems to show us a potential giant « Cup and Handle » pattern.
What we can see :
First, based on this pattern, we can situated our neckline at approximately 3,60 $ which is our major resistance. Secondly, we can considered the descending trend line as a second resistance that price must break to go higher.
What we can expect :
1. To validate and complete this beautiful cup and handle pattern the price must first break the descending trendline to gain the top of the handle which is situated at approximately 3,60 $.
2. Once the price will break the C&H neckline we can expect a pull back on the neckline which would be a good support to go higher.
OBJECTIVE :
If we complete this pattern we can expect the price to go at : 6,90 / 7 $ (x3 from the today’s price)
IF YOU LIKE THIS POST, FEEL FREE TO FOLLOW THE BLACK CAT TRADER AND LEAVE A LIKE !!
MAY THE CRYPTO BE WITH YOU GUYS
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.