$CRV
It's been a minute.
Finally got the sweep of the 10/10 low.
Given the range we broke down from, for longs I'd like to see us consolidate close to the former range for a bit, then reclaim.
Target would be 0.32-0.39 https://t.co/XK0AwK488q
$CRV
It's been a minute.
Finally got the sweep of the 10/10 low.
Given the range we broke down from, for longs I'd like to see us consolidate close to the former range for a bit, then reclaim.
Target would be 0.32-0.39 https://t.co/XK0AwK488q
Decent chance this marks the bottom for CRV with the htf double bullish divergence and sweep of lows. Unfortunate that the long around 20 cents was stopped out but plenty more opportunities to come. https://t.co/um3u0TjYC4
And on the lower timeframes, we have a clean PO3 in progress here imo.
We already got the clean sweep and close above the HTF macro lows which served as our "manipulation" phase, now looking for a move back up through the FVG above our accumulation zone in green and into the untapped supply at .33-.45.
From there we are likely to get a pullback that we will want to see form a higher low for continuation higher.
ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52
Added some more notes to the $CRV chart for reference.
We got a nice daily SFP on our move below our swing that marked the bottom of our TR (trading range).
You'll also note that the spring occurred on relatively low volume. This is key because it indicates that there is no more "excess supply" left on this asset. A break of a major swing low like this would typically coincide with a spike in volume from panic sellers who are selling the "break" or capitulating (like we saw during the 2024 break where we saw record volume from liquidations and forced sellers). The lack thereof validates that excess supply has already been removed at this point AKA weak hands have been completely rinsed and so we are now finally ready for the markup/expansion phase.
While there are significant implications in all of this, one of the biggest is that the 7x rally from .18 to $1.30+ in 2024 wasn't actually the start of the expansion phase but rather just part of the accumulation/basing process, and the "excess supply" that exi