CRV/USDTPERP Long-Term Trend: Bearish
Key Resistance Levels: 1.617, 2.031, 2.100
Key Support Levels: 1.274, 1.103, 1.090
The price on the higher time frame, was in a clear downtrend where it posted a correction count below the strong daily resistance around the 1.617 USDT mark. In addition, we noticed that the price left a bar with a huge wick to the upside near this zone which shows that the sellers are about to take control of the market.
CRV/USDTPERP Medium-Term Trend: Bearish
On the lower time frame, the price succeeded to break the bearish flag formation to the downside where it is posting an inverse head and shoulders. This could lead to a reversal and a move to the downside in the same direction of the main trend.
Sell Limit Order @ 1.605
TP 1 @ 1.279
TP 2 @ 1.103
Stop Loss @ 1.720
Trade Safely 🙂