Curve DAO Token (CRV) Falling Wedge + 274% Target

26 בספט׳ 2020

Curve DAO Token (CRVBTC) is now breaking out of a falling wedge.

Even though we have the break of the wedge prices are still trading below EMA10 so this one is risky...

We consider the bearish potential to be on top when prices are trading below EMA10.
Once above EMA10, we consider the bullish potential... Let's continue.

CRVBTC Chart Early Bullish Signals

1. We have the MACD starting to curve up.
2. The RSI is also starting to recover.
3. Other altcoins already broke bullish and printing multiple strong green candles.
4. The STOCH is coming out of oversold.

Conditions for change
If prices break below "support", the above signals are invalidated.

Any trading above the "support" line and we expect a bullish jump anytime.

Thanks a lot for reading.

Namaste.