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CRV/USDT (Futures) Potential Upward Movement

CRV/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 2.346, 2.526, 2.600.

Key Support Levels: 2.143, 1.997, 1.931.

Daily Time Frame:

The price on the higher time frame started to post smaller impulsive waves signaling that the bulls are about to take control. Plus the market reached a support level around the 2.000 USDT mark where buyers pushed the price upward.

CRV/USDT (Futures) Medium-Term Trend: Bullish

1-Hour Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 2.166

Target Profit 1 @ 2.346

Target Profit 2 @ 2.526

Stop Loss @ 1.987

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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