Bullish Triangle Pattern on Progress

In my previous update on CRVUSDT, I mentioned three potential scenarios: a bullish triangle formation, sideways movement, and a double top pattern.

Right now, it looks like the bullish triangle pattern is playing out. If this continues, I expect the price to reach the 0.7853 – 0.8343 target zone. But before that, all eyes are on the key resistance at 0.6667 — the prior high.

The best-case scenario would be a strong breakout above 0.6667, ideally with a solid bullish candle showing strong buyer momentum.

However, stay cautious. If price breaks the resistance but quickly falls back into the triangle and breaks the low of the breakout candle, that could be a false breakout (or what some might call a liquidation sweep). In that case, reducing exposure could be a wise move, as price might enter a sideways phase.

On the other hand, if price gets rejected (before breakout) at 0.6667 with a large red candle, that’s still acceptable — as long as price holds above the invalidation level at 0.5781.

Let’s keep watching how price reacts around key levels. Market structure still favors the bulls, but risk management is key.