CRV
#CRVUSDT 4H Chart
After price dropping heavily and leaving a 4h supply zone, it missed the 3h demand zone by just a few cents. It then moved up and tested the 4h supply zone where it got rejected. MACD is showing bearish weakness, RSI is below 50% and EMA also showing bearish indications. Price could still test the 3h demand zone before continuing it's upwards movements aiming for the EQH at $5.33.
CRV about to go parabolicThis is a comparison of CRV/USDT current chart to ETH/USD 2016-17 Chart. They are strikingly similar and CRV is closely following it.
90% of CRV's current circulating supply is locked for an average of 3.6 years making it a perfect candidate for a massive supply squeeze.
CRV wars are also heating up because of what MOCHI INU did a few days back.
It is currently turning it's previous all time high resistance into support and gearing up for the massive move that is about to come in the next few weeks. Once it flips $5.5 resistance it might go parabolic just like ETH did in 2016.
CRV all time high is $23 which is definitely achievable in long term because of it's low supply in the market.
This chart is only for information purposes and it is not an investment advice.
CRVUSDT : Can you get another ATH ?In the 4h chart
It hesitated and converged after touched 5.500 for a week.
The price is under downtrend now ,if it can break out and stand firm above the wedge ,trading strategy as below .
SL: 4.282
TP1: 5.500
TP2: 6.266
TP3: 6.576
TP4: 6.909
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CRVOn the right, 4H chart:
- shows a demand area as price stayed above the support.
On the left, Daily/Weekly/Monthly chart:
- yellow for monthly.
- white for daily.
R+WR = the monthly resistance match with weekly resistance.
Notes:
- The pattern on daily frame which means need to have daily candle to close above.
- on the right there is a long opportunity because the price on the support and demand area.
MY MINIMALIST ANALYSIS FOR CURVE $CRV
10.30.21
1050H +8 SINGAPORE
ADJUSTED CHART
ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE
INDICATORS INCLUDED
AN AREA OF OPPORTUNITY: 1ST SWING ACHIEVED
ZONE FOR AN ENTRY (COILING UP FOR A NEXT SWING.)
Since CURVE is new, I have very little data to fully understand the Market's Character. This affects accuracy.
I will research more on its FUNDAMENTALS for some confluence to my BIAS.
Wishing you all The Best Trades! Thanking you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors!
SHOUT-OUT to All the Cryptoverse Analysts!
Vive Le Austist! Vive Le Retailers! Vive Le Revoluzion!
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONES IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market.
Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, Fibs, Market Dynamics, and especially trading psychology.
Note: This CHART is best used without indicators.
Master your Trading Discipline
and Trader's Psychology
CRV Q1'22 Technical PT: $15 - $19Getting some comments about a PT for Curve, based on the bottom I called in 2 Related Ideas (See below).
Because of where we are in the BTC 4-year cycle (i.e the bullish climax), I believe the 3rd wave will likely have an extended move between the 3.618 and 4.618 fibs, rather than a more traditional 1.618. That indicates a price range between $15.26 and $19.14.
Also indicating a -70% drop sometime in late Q1 / early Q2. These targets are vague given how PA is just starting out. Will refine as PA matures.
Curve DAO Token on the day
On the Week.. even though there is little data to be found in this chart, I am extracting an Ascending Triangle/W pattern from what is available. If the bulls price further up here, the target price will be towards $8.5 dollars.
On the day It is therefore important for the bulls to hold their ground above the red resistance line and thus show that we want to continue trading. If the Taurus doesn't hold it and there is reason to cool down then a drop towards $3.2 could lead to the creation of a Handle and a Cup n Handle formation to become visible. If we drop further and stay within 50%, I would still consider that valid.
Keep calm, trade safe and manage your risk.
(no Financial advise)
Curve DAO Token on the weekOn the Week.. even though there is little data to be found in this chart, I am extracting an Ascending Triangle/W pattern from what is available. If the bulls keep the price at this zone the bulls can go further up from here, the target price will be towards $8.5 dollars.
On the day:
It is therefore important for the bulls to hold their ground above the red resistance line and thus show that we want to continue trading. If the Taurus doesn't hold it and there is reason to cool down then a drop towards $3.2 could lead to the creation of a Handle and a Cup n Handle formation to become visible. If we drop further and stay within 50%, I would still consider that valid.
Keep calm, trade safe and manage your risk.
(no Financial advise)