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CRV

Long CRVAfter a couple bad trades I decided it would be smart to continue logging my trades here, in order to make the process clearer for myself. CRV seems to be one of few shitcoins that are oversold on 1D and 4H and close to its bottom on Binance. I think there is a good probability it will make 20-30% gains in a couple days to a week if BTC shows strength. Otherwise new ATL imminent. But in my eyes, based solely on the TA, this looks like an absolute gem. I have to say I don’t have any clue what Curve does, I’ve seen their website curve.fi and heard the CRV token is pretty inflationary so this will not be a longtime bag. Hoping to make a quick flip. Let’s see how this one pans out.
Long
by LynxBTC
2
CRV / BTC - Update II: Inverted Head & Shoulders / Triple BottomInverted Head / Shoulders / Triple Bottom confirmed, we broke the neckline for the HSi and for the triple bottom move, and hit both targets 1 and 2. We're currently testing the 0.5 fib from today's move. If we get passed the green box where target 2 was, we can expect potential for a much larger move up. Zoom out to see long term fib levels for potential targets. 58k sats is a good first target if we can confirm a move beyond the green box. Higher is possible 90k sats and beyond. If we break below the 0.5 fib on the smaller timeframe (that we're now sitting at), we could re-test the dashed yellow line. We need to stay above that line for continuation. ** please see previous related ideas in the links below, thank you for your support, and please DYOR & beware of Bitcoins ability to move and mess up even the most reliable of charts/setups! **
Long
by dudebruhwhoa
4
CRV / BTC - Update: Inverted Head & Shoulders / Triple BottomCRV has triple bottomed and is in the process of forming a giant inverted head and shoulders, and has already formed 3 smaller sets of inverted head and shoulders within that pattern. Need to break above dashed yellow line (1) for confirmation, and break above the green box (2) to see a mega-move. As mentioned before, Curve Dao has also been hovering between 0.04-0.07 Market Cap / Total Value Locked, whereas comparable Defi tokens (Comp, YFI, etc) are on average more like 0.4-0.7. YFI is an outlier today and in pure FOMO mode, so its MC/TVL is much higher (haven't checked). You can check yourself here, CRV is currently at 0.07: www.coingecko.com Everything said, please beware BTC, it's likely going to make a decision soon, and can screw up even the very best of setups.
Long
by dudebruhwhoa
CRV/BTC (Potential Inverse H&S Pattern?)CRV/BTC -This coin is back at previous trading resistance -It is also testing the 50MA dynamic support area -Also, the Golden Fib is confluence on this region -Take note as well of the potential Right Shoulder Pattern -If this level will hold and if we see a bounce up reaction -The chances of an Inverse H&S pattern will start to develop -This is a high-risk trade if you are starting to scale in -But the reward would be high if the pattern breaks bullish -Please use proper risk management especially on size allocation
by PolarHusk
7
CRV / BTC - Inverted Head and Shoulders may still be in playIt hasn't reached the same peaks and valleys drawn, but it's still following the pattern drawn at this point. May drop down to bottom of right shoulder before heading up. Breaking below that invalidates the setup. If we form the right shoulder, we may re-test recent highs. If that occurs, a break above recent highs sets this up for a significant move. CRV token rewards from farming on the crv dao website are not being dumped nearly as much as they were when this first launched. To the contrary, many tokens are getting locked into defi programs. There is potential for this to make a very significant move, especially if we catch up to comparable defi tokens' MC/TVL ratio, which has been somewhere between 0.04-0.06, as compared to tokens like YFI and COMP which have been 10x that at 0.4-0.6. See data on Marketcap / Total Value Locked here (can also search for YFI and COMP for comparison): www.coingecko.com
by dudebruhwhoa
9
CRV / USDT - Attempting to Break Resistance for bigger move upCRV double-bottomed with a slightly lower bottom, and then broke out of it's long-term downtrend and gave us another >30% move. It has now made multiple attempts to break through resistance here (red box), and we've printed an inverse head and shoulders below the resistance. These don't always play out, so trade carefully. 30+ % is a wonderful place to take profits and get out if you've already achieved it. If we can break through this resistance, expect a bigger move up - see short and long term fib lines on chart for targets, and for short term targets, see red horizontal lines. A sustained break below the purple diagonal line invalidates this setup. It will make a decision within hours (see end of wedge) See links to previous charts below.
Long
by dudebruhwhoa
1
LEND + YFI + CRV | Levels for DeFi Yield Farming Tokens 🌾🚜🐄💬 Any cross-section of DeFi will look good due to yield farmer FOMO. However, some serious projects like LENDUSDT, YFIUSDT, CRVUSDT look especially good to us from both a TA and FA standpoint. Yield farmers can utilize LEND's AAVE platform to farm Curve's yCRV using YFI Vaults. Meanwhile, while Curve's current chart looks a bit like how do you say 💩, the underlying Curve technology is interesting, and thus at least some of those farming yields may want to be aware of support and resistance levels not only for LEND and YFI, but for Curve as well (even if only to maximize gains from yields). Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- LENDUSDT Support: S1: The S/R Flip range is where the most bullish of bulls will hope to find support. There is no rule that says LEND needs to consolidate more or test lower support before running. This DeFi gem is hot and could keep moving. S2: Sure S1 is nice, but for a healthy uptrend there is no better support for bulls than the S2 S/R and orderblock range. This range would offer just the right amount of consolidation and could even result in a move right off the trend line. S3: A quick wick down to the S/R and orderblock cluster if S2 doesn't hold also makes sense. We lose bullish market structure below this, so look for S3 to save us if things get shakey. YFIUSDT Support: S1: There is only one logical place to look for support for YFI, that is this orderblock cluster at the bottom of the consolidation range. Not like other support can't be found, but one doesn't want to see too much retracement after such a run. Resistance: R1: The S/R flip at the previous swing high is our first resistance point. R2: If the bulls can take R1, then the orderblock range at the previous high is our last point of resistance before YFI's price starts putting BTC to shame. CRVUSDT Support: S1: People are farming CRV and dumping it, striping VC Curve holders of their natural resource (value). That said, bears better hope the farmers can dump below the S1 orderblock range, because there is some solid support there and the more it is tested and holds, the more it looks like a potential bottom. Resistance: R1: Everyone is likely to take profits at the orderblock at the previous high, so watch for resistance here. R2: A break above R1 means an uptrend could be in the works, it would be wise to look for a pullback at the S/R flip range here and consolidation on R1. ----- Summary: People are rushing into LEND and YFI to farm coins like CRV. As long as that gambit is playing out, we should see the current trends continue. Given that, we want to look for entries in LEND and YFI at support and cautiously dump our CRV crops at resistance. That said, Curve has some potential as an FA play, so it may be worth watching for how it reacts at support and resistance before fully dismissing it. Resources: defiprime.com ✨ Drop a comment letting us know what you think of this down below! ✨
by AlphaBotSystem
8