$CRV 24-hour new high, current price 0.2683, previous high 0.2665.
Three common patterns after a new high:
① Pull back to the previous high without breaking below it, then make a new high: healthiest
② Chop around the previous high: consolidation; wait for direction
③ Fall straight back below the previous high and fail to reclaim it: bull trap
Currently above the previous high; watch whether it follows ① or ②.
#CRV
DYOR, participate rationally.
Three common patterns after a new high:
① Pull back to the previous high without breaking below it, then make a new high: healthiest
② Chop around the previous high: consolidation; wait for direction
③ Fall straight back below the previous high and fail to reclaim it: bull trap
Currently above the previous high; watch whether it follows ① or ②.
#CRV
DYOR, participate rationally.
