Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-07-08 08:18:14

CRV Technical Analysis: Trendline Keeps CRV Prices At A Needle-Point

CRV price jumps more than 50% last week to reach the resistance trendline of the falling wedge pattern, increasing the likelihood of a breakout. Key technical points: CRV prices have jumped by 8.41% in the last 24 hours. The price action shows the bull cycle challenging the resistance trendline. The 24-hour trading volume of Curve Dao is $168 Million, indicating a drop of 8.01%. Past Performance of CRV Starting the bullish journey from $0.55 the CRV market price has increased dramatically over the past month. The price action shows a rounding bottom pattern break out with the neckline at $0.84. The Breakout rally reaches the overhead resistance trendline of the falling wedge pattern formed in the daily chart. Source- Tradingview CRV Technical Analysis With a price of 50% over the last week, bearishness in today’s candle brings the market price drop by 2.25%. The rejection comes from the resistance trendline and increases the likelihood of a bearish continuation within the price pattern. If the bearish rally within the price pattern gains momentum we can see a drop in market price by 18% to test the bottom support at $0.84 in the next week. Supporting the price action analysis, the MACD and RSI indicators display an increase in the underlying bullishness which increases the likelihood of a bullish breakout. However, the volume indicator showcases a decrease in trading volume during the Bull Run which projects a higher likelihoo...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.