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CRV/CVXCRV long set up off falling wedge (bull case)

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Falling wedge statistics


- In 82% of cases, the exit is bullish.
- In 55% of cases, a falling wedge is a reversal pattern.
- In 63% of cases, the pattern’s price objective is achieved when the resistance line is broken.
- In 53% of cases, the price makes a support pullback on the falling wedge’s resistance line.
- In 27% of cases, false breaks (false exits) appear.

Notes on falling wedges


- The contact points on the falling lines must be significant because otherwise it might be a flag.
- The steeper the falling wedge’s trend lines (falling strongly), the more severe the upward movement is at the breakout (exit from the chart pattern).
- False breaks (or false exits) give an indication of the direction of exit. If a false bullish break occurs, the exit will be downwards in only 3% of cases. Exploiting a false bullish break is therefore statistically low risk.
- Retracements are generally twice as fast as the falling wedge was in its formation
- Pullbacks are detrimental to the pattern’s performance.
- The break out point (exit) generally occurs at 60% of the length of the falling wedge.
- Very wide falling wedges give better performance than narrow falling wedges.

For your information: A falling wedge is a reversal chart pattern. Its opposite is a rising wedge.



IGNORE THE SCAM WICK AS THOS HAPPEN WITH AMM POOLS QUITE OFFTEN.
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guy cvxcrv is actually 0.00017 rn on shushi swap so its a decent entry price to ride this falling wedge, while collecting 20%apr for staking.
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cleaner CEX chart...
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perks of buying cvxCRV over CRV. the 1:1 peg will have to come back eventually so enjoy the huge discount as ive never seen it this far apart be sure to stake guys!!
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interestingky enough, we had a breakout to the bottom with an extended move to the down side. This is prime buy time guys. jus watch that stop loss due to scam wick. this will be very interesting because of how profitable the arbitrage on cvxcrv and crv and also because the whopping 30% for staking. one could stacke and arbitrage the cvxcrv:crv ratio for a yearly yield of close to 40% if done right. tack that on to if the trade works out and we have a bullish break. nothing to sneeze at. current position around 20k staked and eaarning yield. i plan to arbitrage cvxcrv for crv if the ratio goes above 1. (see:
trade the peg 1CRV = 1cvxCRV
)
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this is burning hole rn. decent yield from it, will continue to hold but make no mistake this need to be a small part of ur portfolio soley for YIELD. the goal is a small pump to sell off after accumulation of the the yield...
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ive stopped accumulation as of now. new stop loss is 0.000075 eth... very small part of my portfolio focused on high yield which for the momonet is doing its job well. as always gl guys.
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