CRVUSDT trading opportunity with Key Zones to Watch!
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We're currently witnessing intriguing dynamics in the CRVUSDT chart after the recent breakdown from a rising wedge pattern, bearish sentiment seems to be in play, but there are specific zones we should take note of.
CRVUSDT exhibited a classic breakdown from the rising wedge pattern. The base of the rising wedge is now our immediate focus. As we approach this zone, it could serve as a strong support level. For those with a bullish bias, this could be an area of interest for potential long entries.
However, a word of caution, if the price decisively breaks below this wedge support, it will flip roles and become a strong resistance.
In such a case, shorting the pullbacks towards this new-found resistance could offer lucrative opportunities, with targets pointing towards the Potential Bear Target as shown on the chart.
Moreover, on the flip side, higher on the chart lies a significant lateral resistance zone. This region has proven to be a thorn for the bulls previously. If at any time, the price manages to pierce through this zone with conviction, we might be in for a bullish reversal. Keep a hawk's eye on this!
With both bearish and bullish scenarios on the horizon, it's vital to be nimble and trade based on confirmed signals.
As with all trades, make sure to employ stringent risk management and await confirmations before making entry decisions.
Happy trading.
CRVUSDT exhibited a classic breakdown from the rising wedge pattern. The base of the rising wedge is now our immediate focus. As we approach this zone, it could serve as a strong support level. For those with a bullish bias, this could be an area of interest for potential long entries.
However, a word of caution, if the price decisively breaks below this wedge support, it will flip roles and become a strong resistance.
In such a case, shorting the pullbacks towards this new-found resistance could offer lucrative opportunities, with targets pointing towards the Potential Bear Target as shown on the chart.
Moreover, on the flip side, higher on the chart lies a significant lateral resistance zone. This region has proven to be a thorn for the bulls previously. If at any time, the price manages to pierce through this zone with conviction, we might be in for a bullish reversal. Keep a hawk's eye on this!
With both bearish and bullish scenarios on the horizon, it's vital to be nimble and trade based on confirmed signals.
As with all trades, make sure to employ stringent risk management and await confirmations before making entry decisions.
Happy trading.
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Focus on the provided buy back zone.Сделка активна
Crv has broken out decisively from a significant falling wedge resistance, experiencing a moderate pullback towards it with a potential for a favorable bounce. This presents an opportunity for retention, with the main supply zone serving as the target. Consider capitalizing on part of the profit around the 1.23 area, which is currently acting as a local resistance level.
Сделка активна
We expect the current support level to hold.Сделка активна
CRV still accumulatingСделка активна
Заметка
If price give opportunity to re-test the buyback zone will be good buy area.
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