MyCryptoParadise_Nathan

CRV:Bullish Breakout Potential! Keep an Eye on Resistance Levels

Long
BINANCE:CRVUSDT   CRV / TetherUS
πŸ’Ž CRV is poised to break out of a resistance level, which would be considered bullish as it signifies a potential breakout of both a W pattern and a descending channel.

πŸ’Ž If CRVUSDT successfully breach the resistance level, the next targets could be expected towards the subsequent resistance levels. In case of a pullback, a bounce from the demand area can be anticipated, especially if accompanied by proper bullish candlestick patterns within the demand zone.

πŸ’Ž However, if CRVUSDT breaks down below the demand level, it would be advisable to exercise caution and consider ignoring it in that scenario. This decision is based on the premise that a breakdown below the demand level may indicate underlying weaknesses in the asset, potentially leading to further downward movement.

Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?

JOIN FREEπŸ‘‰ t.me/+IaNzEzXsdiBlNDg0

πŸŽ–οΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals πŸ‘‰ shorturl.at/ikpAV
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.