CRVUSDT likely to hit weekly support and bounce

8 May 2023

This one is also aiming for weekly support WS1. 0.80-0.81. It has come quite close to it and I believe it wont shy away from it. However, that hit of the price to the weekly support may provide a long opportunity. The target for this long should be 0.854 and if extended 0.883.

8 May 2023

Not

As mentioned, the price has hit the weekly support zone WS1. It has also bounced well from that level as a first reaction. I would expect the bounce to go further but the current bounce may retrace first.

10 May 2023

İşlem kapandı: hedefe ulaştı

So the first target is achieved and the price hit the 0.854 level and immediately pushed back down. Lets watch it for a while to look for anothe rtrade towards 0.883 zone. If the price comes close to the WS1 zone again, that will be definitely another long opportunity by default.