Gold_D_Roger

CRV: An Obvious Accumulation before MASSIVE RALLY!

Largo
Gold_D_Roger Actualizado   
BINANCE:CRVUSDT.P   CRV / TetherUS PERPETUAL CONTRACT
CRV is currently building up an ascending pennant after forming a cup and handle shape since its beginning. Accumulation has been going on for several weeks with the price squeezing into the 2.951 to 3.651 range, which likely forces a break up out of the pennant resistance (3.548). Currently it has rebounded strongly out of the 2.4 support line, where the 0.618 fib level is, this validates 2.4 as the support we see it not to break for further bullish momentum. A breakout of the pennant with bullish volume and Price action will see a retest of 3.652, where we can increase position sizes on the dip or make a new entry with confirmation.

Entry around 2.951 - 3.2 (support zone at the bottom of pennant confluence with 0.786 fib level)
Targets are 4.488 (previous ATH), 5.629 and 6.746
Stop loss below the pennant and support line of 0.618 around 2.091 (can below to allow for some volatility)
Operación cerrada: precio stop alcanzado

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