You guys seem to really love $CRV. My most requested chart. So here's an update.
Last post I mentioned that we were ranging and that a deviation and reclaim below range low would be the long trigger. We got just that.
I use these fibs (which are the -0.25, -0.5, +1.25, +1.5) to identify range deviations. If price cannot escape these range extreme levels, imo its likely range manipulation before a return and re-acceptance into the range, followed by a move to the other side. "Tractor Beam"
I still think the 0.47-0.5 is a key level, which hasn't been tagged and we've left equal lows there. So there is *still* another low possible, but with the recent price action, I think this not likely before tagging 0.7.
TLDR:
- 0.47-0.5 Key Levels still not tagged
- Currently ranging, likely 0.7 is the next destination based on tractor beam range reclaim
- Macro shift happens only above 0.76 so until then, we're trading intra-week.
Will post a more higher timeframe update after we tag 0.7-0.72 OR 0.47-0.5. For now, we trade the range.
$CRV
Not much to update here. We are yet to see a bounce from this major liquidity sweep level.
Local price is ranging within a consolidation so standard range trading rules apply. Deviation of range low and reclaim is your long opportunity. A rinse of the highs first and the current built up lows may server as liquidity for a final low. Local range breakout target would be 0.7-0.75
If we get a move into the 0.49-0.51 level would look to add spot.
We likely do not confirm a macro reversal on CRV until we accept above 0.75. Whatever your positioning at these levels, whether you are trading intraweek or accumulating with a 6 month time horizon, imo its risk on > 0.75.
But at the moment, just need to have patience while we range and potentially form a bottom. What you -do not- want to do is start being bold, load the truck, but have a misalignment in terms of expectations of time i.e. build a position here and puke it on a move to 0.49 which could be -the- final low. Or the low could be in here. Just be aware of your positioning, expectations, risk appetite and time horizon - as these levels are where you can fuck up for absolutely no reason. Patience.
10.920
0
Der Inhalt dieser Seite wird von Drittparteien bereitgestellt. Sofern nicht anders angegeben, ist OKX nicht der Autor der zitierten Artikel und erhebt keinen Anspruch auf das Urheberrecht an den Materialien. Die Inhalte dienen ausschließlich zu Informationszwecken und spiegeln nicht die Ansichten von OKX wider. Sie stellen keine Form der Empfehlung dar und sind weder als Anlageberatung noch als Aufforderung zum Kauf oder Verkauf digitaler Assets zu verstehen. Soweit generative KI zur Bereitstellung von Zusammenfassungen oder anderen Informationen eingesetzt wird, kann der dadurch erzeugte Inhalt ungenau oder widersprüchlich sein. Mehr Infos findest du im verlinkten Artikel. OKX haftet nicht für Inhalte, die auf Drittpartei-Websites gehostet werden. Digitale Assets, einschließlich Stablecoins und NFT, bergen ein hohes Risiko und können stark schwanken. Du solltest sorgfältig überlegen, ob der Handel mit oder das Halten von digitalen Assets angesichts deiner finanziellen Situation für dich geeignet ist.