Mila Rose
--
Bullish
$CRV
/USDT Technical Analysis and Trade Strategy 🚀 🎯
Current Market Conditions
Price: $1.21 (+14.92%)
Trend: Bullish in the short term with resistance near $1.22 (recent 24h high).
Indicators to Watch:
RSI: Likely in overbought territory due to the sharp 14% rise; expect potential cooling.
MACD: Bullish crossover observed, signaling positive momentum.
Bollinger Bands: Price is at or near the upper band, indicating a strong move but potential for retracement.
Volume: High at 24h volumes (162.27M CRV), showing significant interest.
Trade Strategy
Entry Point:
Ideal range: $1.16 - $1.19 (on retracement). Look for support at $1.15 if the price dips.
Targets 🎯:
1. Target 1: $1.26 – Minor resistance; suitable for short-term traders.
2. Target 2: $1.35 – A significant resistance level based on historical highs.
3. Target 3: $1.50 – Psychological level and the next key zone if bullish momentum continues.
Stop-Loss:
Place below $1.10 to manage risk.
Additional Notes:
Short-Term Bulls: Watch the $1.22 breakout level. If broken, prices can rally towards $1.26 quickly.
Medium-Term Outlook: Monitor DeFi market trends and BTC's movements for macro influence.
#CryptoHistoricMoment
/USDT Technical Analysis and Trade Strategy 🚀 🎯
Current Market Conditions
Price: $1.21 (+14.92%)
Trend: Bullish in the short term with resistance near $1.22 (recent 24h high).
Indicators to Watch:
RSI: Likely in overbought territory due to the sharp 14% rise; expect potential cooling.
MACD: Bullish crossover observed, signaling positive momentum.
Bollinger Bands: Price is at or near the upper band, indicating a strong move but potential for retracement.
Volume: High at 24h volumes (162.27M CRV), showing significant interest.
Trade Strategy
Entry Point:
Ideal range: $1.16 - $1.19 (on retracement). Look for support at $1.15 if the price dips.
Targets 🎯:
1. Target 1: $1.26 – Minor resistance; suitable for short-term traders.
2. Target 2: $1.35 – A significant resistance level based on historical highs.
3. Target 3: $1.50 – Psychological level and the next key zone if bullish momentum continues.
Stop-Loss:
Place below $1.10 to manage risk.
Additional Notes:
Short-Term Bulls: Watch the $1.22 breakout level. If broken, prices can rally towards $1.26 quickly.
Medium-Term Outlook: Monitor DeFi market trends and BTC's movements for macro influence.
#CryptoHistoricMoment
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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