Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After breaking below the blue channel, CRV has been overall bearish, trading within the falling channel in red.
🏹 For the bulls to take over again, we need a break above the upper red trendline and 0.5 round number.
In this case, a movement till the previous major high at 0.7 would be expected.
📉 Meanwhile, until the bulls take over, CRV would be bearish and can still trade lower to test the lower bound of the red channel and 0.41.
In this case, we will be looking for short-term buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📈 After breaking below the blue channel, CRV has been overall bearish, trading within the falling channel in red.
🏹 For the bulls to take over again, we need a break above the upper red trendline and 0.5 round number.
In this case, a movement till the previous major high at 0.7 would be expected.
📉 Meanwhile, until the bulls take over, CRV would be bearish and can still trade lower to test the lower bound of the red channel and 0.41.
In this case, we will be looking for short-term buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich