CRVUSD " Falling Wedge" analysis 2$ ?
CRVUSDT Analysis
CRVUSDT Falling Wedge Analysis 🔥🔥🔥
The above chart of CRVUSDT laid out a Falling Wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
CRVUSDT is currently trading around $0.953. If the pattern broke through the resistance, the price of CRVUSDT might reach the resistance levels of $1.588. If the trend reverses, then the price of CRVUSDT may fall to $0.630
Happy Trading
CRVUSDT Falling Wedge Analysis 🔥🔥🔥
The above chart of CRVUSDT laid out a Falling Wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
CRVUSDT is currently trading around $0.953. If the pattern broke through the resistance, the price of CRVUSDT might reach the resistance levels of $1.588. If the trend reverses, then the price of CRVUSDT may fall to $0.630
Happy Trading
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