$CRV I can't thank Allah(swt) enough for making correct most(90%) of the time. Once again we hit our target and made some gains. Check the pick below.
What now?
If volume picks up then we may see another bullish movement from CRV but it seems that it may happen after some Consolidation(sideways movement )
Immediate support: 0.916 ( weak, a little seller pressure can crush it easily)
Other supports: 0.9(it's moderately strong and should hold) and 0.88-0.87(strong)
Immediate resistance: 0.935(not strong and should be easy to break with bullish volume increase)
Other resistances: 0.956(not that strong, can again be broken if bullish momentum got volume behind it) and 1.02(strong)
Ideal buy/Sell Zone: I recommend that instead of buying in now, wait and observe. Even if a candle goes green don't jump in immediately, check if the volume is significantly higher then average volume of previous 5-6 candles. If so then safe buy should be 0.918-0.924 or you could wait and see if price fails to a stronger support around 0.9 and then from there things happen as i said above then buy just above it.
An ideal safe target would be around 0.94, just above 1st resistance but with good volume it will easily be broken Inshaallah, so if you feel confident then set a higher goal around 0.956-0.96 and lastly a more risky would be 1.02 but aim for it only if most things look bullish. In most cases it is better to take profit a bit early just to build good habits and not subconsciously make yourself greedy, which will in future hurt you.
Stop loss just below 1st support if you buy at or above that support: about 0.91 and if you buy lower then set it right below 2nd support a out 0.885
DYOR and Inshaallah we will be Gainers again.
