CRV / USDT - Attempting to Break Resistance for bigger move up
CRV double-bottomed with a slightly lower bottom, and then broke out of it's long-term downtrend and gave us another >30% move.
It has now made multiple attempts to break through resistance here (red box), and we've printed an inverse head and shoulders below the resistance.
These don't always play out, so trade carefully. 30+ % is a wonderful place to take profits and get out if you've already achieved it.
If we can break through this resistance, expect a bigger move up - see short and long term fib lines on chart for targets, and for short term targets, see red horizontal lines.
A sustained break below the purple diagonal line invalidates this setup. It will make a decision within hours (see end of wedge)
See links to previous charts below.
It has now made multiple attempts to break through resistance here (red box), and we've printed an inverse head and shoulders below the resistance.
These don't always play out, so trade carefully. 30+ % is a wonderful place to take profits and get out if you've already achieved it.
If we can break through this resistance, expect a bigger move up - see short and long term fib lines on chart for targets, and for short term targets, see red horizontal lines.
A sustained break below the purple diagonal line invalidates this setup. It will make a decision within hours (see end of wedge)
See links to previous charts below.
تعليق:
Broke through, now resistance trying to flip support right now.. let's see if it happens:
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