Our range low/base has held so far, the local supply zone above (red) will now need to be reclaimed for continuation higher.
This could take a couple of weeks to play out but any consolidation at these levels is healthy and just means a more sustainable rally if/when we do clear the supply zone above.
This is also predicated on no violent drops from $BTC which is still technically holding it's relevant support zone as well.
$CRV
CrediBULL Crypto
@CredibleCrypto
05-17
We've pulled back from our range highs and are now re-testing our triple tap base that we formed earlier.
We know that in a bullish environment this retest is normal/fine but the range in which the triple tap base was formed should then act as support on a retest.
We can push x.com/CredibleCrypto…
Two weeks of consolidation here means the supply zone breakout will send it, conviction holders eating good soon
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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