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🫡 We start Friday with analysis of #CRV on the daily timeframe:
In terms of the general structure, the situation now is very similar to what we see throughout the alta: from the beginning of the year we started with a good pump, and then went down quite sharply.
At the moment, we have reached a very interesting zone with a block order of $0.360. Here I would like to see a normal test and bring the price to at least a breaker around $0.457.
If we consider further longs, the ideal option is to see a strong pump to the local high zone of $0.457. In general, this scenario is possible if we continue to receive positive news and see a rate cut at the next Fed meeting. So for now we just wait and watch.
🙃 Or a more likely scenario is the usual sideways movement and a smooth descent lower, first to the $0.340 zone, and then to the $0.330 level.
➖➖➖➖➖➖➖➖➖➖➖
Contact me: @oscarCrypto_admin
In terms of the general structure, the situation now is very similar to what we see throughout the alta: from the beginning of the year we started with a good pump, and then went down quite sharply.
At the moment, we have reached a very interesting zone with a block order of $0.360. Here I would like to see a normal test and bring the price to at least a breaker around $0.457.
If we consider further longs, the ideal option is to see a strong pump to the local high zone of $0.457. In general, this scenario is possible if we continue to receive positive news and see a rate cut at the next Fed meeting. So for now we just wait and watch.
🙃 Or a more likely scenario is the usual sideways movement and a smooth descent lower, first to the $0.340 zone, and then to the $0.330 level.
➖➖➖➖➖➖➖➖➖➖➖
Contact me: @oscarCrypto_admin
