CRVUSDT Analysis – 05.05.22
CRVUSDT Perpetual Contract BYBIT:CRVUSDT
Entry triggers: 3 waves in parallel lines (abc)
Entry: market price
TP: 2.534
SL: 2.697
Like with any other trade, due diligence is advised.
I see about 3 scenarios that might happen here, but the most likely is the one illustrated. The waves could be 1-5, with 1 and 2 slightly below the parallel lines and abc become 3-5, either way, the next move should be to the downside. If the SL doesn’t hold, this invalidates itself and would look for another short around 2.80s
