Paskelbta prieš 43 min
Su CRV prices making an bearish candlestick after 10% of overnight fall, the CRV prices revert back to the support trendline. Moreover, the RSI indicator shows a bullish trend in motion, neglecting the sharp overnight fall. So, should you consider buying this dip?
Key Points from CRV analysis:
- The CRV price action showcases a bullish failure to exceed the 50-day SMA.
- The medicine gulping candle undermines the bullish reversal of this week.
- With a market cap of $544 Billion, the intraday trading volume of Curve Dao has decreased by 17% to reach $116 Million.
Šaltinis- TradingView
Curve Dao(CRV) prices fell with a surge in the selling momentum after the recent hawkish comment of Powell. As a result, the buyers failed at the confluence of the 50 and 20-day EMA, resulting in a 10.73% fall, creating a bearish engulfing candle in the daily chart.
Currently, the falling prices rest at the long-coming support trendline, which shows a bullish trend in the RSI indicator. Furthermore, the daily candle taking a Doji shape supports the possibility of a bullish reversal with a morning star pattern.
At press time, the CRV market value shows a 6.15% decline, but the sustenance above the support trendline avoids further downfall.
If the support trendline fails to control the selling spree breaks this weekend, the CRV prices may drop to the $0.84 mark. However, the bullish reversal helping the prices sustain above $1 can result in a 20% jump to $1.20.
Techniniai rodikliai
The daily-RSI slope shows a sharp reversal from the 14-day SMA within the nearly oversold zone. However, the last two dips maintain the higher low formation reflecting a bullish trend which increases the reversal possibility.
However, the MACD indicator shows a declining trend continuing in the fast and slow lines after the failed bullish crossover attempt. Hence, the risk of CRV prices plummeting under the support trendline sustains.
- Pasipriešinimo lygis: 1.20 ir 1.50 USD
- Palaikymo lygiai: 1 ir 0.84 USD
Pateiktame turinyje gali būti asmeninė autoriaus nuomonė ir jis priklauso nuo rinkos sąlygų. Prieš investuodami į kriptovaliutas, atlikite rinkos tyrimus. Autorius ar leidinys neprisiima jokios atsakomybės už jūsų asmeninius finansinius nuostolius.
Source: https://coingape.com/markets/crv-prices-sustaining-above-1-lights-hope-of-a-bullish-reversal/