CRV - welcome to summer levels?Maintaining the harmonic line that keeps the price action by drawing the fibonacci lines we can deduce some of the following levels to take into account for the next three months.
In a broader daily view we see that the movement is gaining strength, waiting to resolve in the next few days to one side or the other. In both cases here are the levels of support.
Crvdao
CRVUSDT (Flag pattern)CRVUSDT (1h CHART) Technical Analysis Update
Flag Pattern
CRV/USDT currently trading at $202
LONG Entry-level: $1.45 to $1.55
STOP LOSS: below $1.30
Target 1 : $1.780
Target 2 : $2.20
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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CRV / BTC - Remain in Downtrend or Break Out?Curve has been coming around the curve as previously suggested. However, we remain within a larger downtrend channel.
With volume rising, I feel like we have a good chance to break out, but the test will soon show if we can exit this channel and remain above it.
CRV / BTC - Curve coming around the curveCurve's massive downtrend is rapidly slowing as it bottoms out, and buyers are starting to trickle back in. A nice uptick overnight/this morning, so far > ~20%.
I believe curve will actually live up to its namesake and start to curve back into an uptrend relatively soon.
Keep an eye on this one.
CRV / BTC - 4H Chart ExpectationsLooking back at Curve over time, we formed a downtrend within this parallel channel, and have yet to have exited the channel.
We are approaching the bottom of the channel once again, and above is just an idea for what I think it may do moving forward over the next few days/weeks.
CRV likes to make inverted head and shoulders, followed by volatile moves up and even more volatile moves down, let's see if it does it again within the channel.
If we break below the channel, the idea is invalid.
CRV / BTC - Trying to break out of triangleAttempting now to break out of triangle after reaching new lows, needs to break and stay above purple line, otherwise may test bottom of triangle again.
A clear break above should take us to 22, 25, 28 or higher, see fibs and parallel fibs for targets.
Break below yellow line may send us down to 15s or lower
CRV/BTC BINANCE4H hollow candlesticks.
As price stays in the uptrend parallel channel we have bullish trend.
Price Forecast up to 114%.
MACD is flat and slightly bullish.
steady volume.
Support and Resistance areas are shown.
Curve DAO Token (CRV)
$2.08 USD (16.44%)
0.00020113 BTC (12.66%)
0.00564531 ETH (5.21%)
Market Cap: $338,555,287,089
24h Vol: $143,330,540,845
BTC Dominance: 56.5%
Good Luck
CRV / BTC - Adam and Eve Reversal PatternsWe hit one adam and eve reversal pattern that went up approx 71% the length of the eve formation.
It looks like we are doing it a second time, short term target approx 22330 sats (where the second cross is)
If we move passed 22660, further upside is possible.
CRV / BTC - Possible Parallel Channel Uptrend FormingTrying something new with CRV - this idea has us forming a parallel uptrend, with fibs drawn inside the channel indicating targets.
A clear/clean break below the channel invalidates. Moving up within the channel and stopping near fibs may indicate this is our uptrend, until channel is broken.
CRV / BTC - Yet another Inverted Head Shoulders Forming?Just an idea, it's happened 4 times now with this token, can we do it a 5th time? Ask BTC for permission ;)
Previous related ideas linked below - also posted another idea earlier today (W shaped recovery), channel already invalidated, but something like that may play out also.
Alternatively, we head down further and this was not a real bottom.
CRV / BTC - New Idea - CRV in W Shaped RecoveryHere's a new idea after following the inverted Head and Shoulders move:
We have formed an uptrend, this is our new channel, movement within the channel may look something along these lines (pun intended), and if so - it'll be incredibly profitable.
Alternatively, if we continue downwards from here, it's possible we form a double bottom on the longer time-frames.
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! **
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.
CRV / BTC - Bull Flag FormedCRV / BTC - CurveDAO has formed a bull flag after reaching a bottom.
Also, a while back I posted an idea that we might form an inverted head and shoulders
before making a stronger move. Let's see if they play out.
Be wary as this is a new token with not much history and anything is possible, also beware BTC as always :)
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.
CRV/BTC BINANCECurve is one of the good projects, that didn't pump yet.
1H hollow candlesticks.
Once price breaks that downtrend yellow line (in 4h timeline is more clear), we might see some gains.
Forecast prediction:
32.66% in 1d 14h
86.41% in 2d 11h
MACD is flat.
volume rising.
Support and Resistance levels shown as horizontal lines.
Either way price is gonna pump any time soon...
Curve DAO Token (CRV)
$2.92 USD (7.65%)
0.00024866 BTC (7.20%)
0.00726295 ETH (5.32%)
Market Cap: $367,382,035,477
24h Vol: $83,049,277,166
BTC Dominance: 59.0%
Good Luck
CRV / BTC - Breakout of downtrendWe just broke out of the longer term downtrend (purple triangle) and the short term downtrend (red channel), if this holds we could have a nice move up.
Targets - 3500-3600 sats, 4100 sats, 5500-5900 sats (stretch goal) - need to cleanly get passed 2600s (purple channel) area to move up.
Potential for much higher move if we break all three.
** Note - this is a new token with very little history, difficult to make predicitions, be careful, plan for the opposite to occur. **