Bullish signal breaking up 0,80

CRV MARKET_MINDS BULLISH

CRV (Curve) - Bullish signal breaking up 0,80

 

Scenario : 

A complex corrective pattern is underway above 0,33 Tactical Support (Elliot Wave Y B) and bullish exit from this consolidation will be validate once 0,80 resistance will be reintegrated. The idea is to accumulate a bullish position in the oversold area from 0,50 support to anticipate the bullish exit.

 

image.png

 

Key Elements:
 

  • The long-term trend analysis show potential towards 8,25 as long as 0,147 Strategic support remains valid
  • The mid-term element as RSI and Moving average are still showing an active bearish set up however RSI is diverging which is showing an extrem oversold situation calling for a reversal soon.
  • The Fibonacci key level at 0,33 remains valid and acts as key support

 

Trade Idea : Bullish
Conviction : :médaille:(Low)  We will turn the conviction to medium in case of 0,80 resistance surpassed

 

  • - Target 1 : 1,63 (140%)
  •  
  • - Confirmation level : 0,80 (16%)
  •  
  • - Buy in setback at 0,50
  •  
  • - Stop: 0,147 (-50%)

 

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.