Hello my Fellow TraderZ,
I had shared my idea regarding $CRV few days ago on 4 HTF where I had mentioned that price has broken the Downward Trend on 4H, but still stucked and testing the range low support.
Today, once again I'm here with DTF Analysis on $CRV.
Here it is clearly visible that Downward TrendLine has acted as Super Strong Resistance which clearly rejected the price 5 times.
It would be interesting to see that is this time different or we gonna see some weakness of TrendLine!
Incase of breakout upward expecting 1:4 RISK-TO-REWARD while on rejction it is 1-4.5 R:R.
Thank you for taking out your time and read.
I had shared my idea regarding $CRV few days ago on 4 HTF where I had mentioned that price has broken the Downward Trend on 4H, but still stucked and testing the range low support.
Today, once again I'm here with DTF Analysis on $CRV.
Here it is clearly visible that Downward TrendLine has acted as Super Strong Resistance which clearly rejected the price 5 times.
It would be interesting to see that is this time different or we gonna see some weakness of TrendLine!
Incase of breakout upward expecting 1:4 RISK-TO-REWARD while on rejction it is 1-4.5 R:R.
Thank you for taking out your time and read.