CRVUSDT likely to hit weekly support and bounce

CRV / TetherUS (BINANCE:CRVUSDT)

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BINANCE:CRVUSDT CRV / TetherUS

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This one is also aiming for weekly support WS1. 0.80-0.81. It has come quite close to it and I believe it wont shy away from it. However, that hit of the price to the weekly support may provide a long opportunity. The target for this long should be 0.854 and if extended 0.883.

Komen:

As mentioned, the price has hit the weekly support zone WS1. It has also bounced well from that level as a first reaction. I would expect the bounce to go further but the current bounce may retrace first.

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So the first target is achieved and the price hit the 0.854 level and immediately pushed back down. Lets watch it for a while to look for anothe rtrade towards 0.883 zone. If the price comes close to the WS1 zone again, that will be definitely another long opportunity by default.

Penafian

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