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Dare to trade. Dare to win.
$CRV
here is my only concern about current $CRV chart.
It's the weekly 200 EMA and MA, in red and purple. And we are once again at it. It's the same level that drugged us down from 1.3 to $0.35
The question is, is it gonna hold or gonna break through it? No one knows for a fact but one thing for sure is that no resistance level holds forever, and this is the 2nd test of it in few months, and the more a level is tested the higher the likelihood of breaking through it. Moreover, we've been consolidating below it for quite some time now and that's usually a bullish sign implies further contiuation.
However, as long as we are below it, i could be careful. Once above it then, we will see immediate contiuation above $1.3 Dec high.
As far as my swing trades go, I've decided to close 50% of both trades.
Thoughts?