CRV possible fakeoutCRV has falling out of the range and out of the rising channel putting in question our target of $7.2 . Current measured move of the ascending channel is $3.85 which coincide with the lower range support.
However currently price is at the higher range support and has formed an 1H bullish div with the 1H MACD flattening out, suggesting a resumption of the uptrend or at least a retest of the ascending channel.
If price manages to break back into the channel then this is a bullish fakeout. If not then $3.85 is real.
CRVUSD
CRV/USD - DEFI Powerhouse defies the market! When $10?CRV is the de-facto DEFI king. The price action shows it, but before the TA, here are some fundamentals.
FUNDAMENTALS:
With over $20 billion locked in Curve finance, this is the largest DEFI token on ETH network by total value locked.
Proof: defillama.com
The second largest DEFI token is also based on CRV... called CVX... at $19 billion. That is over $40 billion in value locked on Curve platform. You are bullish on CRV right?
What CVX does, is to stack on as many CRV as possible to boost their own CRV liquidity pools for additional rewards and APY. If you lock CRV for 4 years, you get 2.5x boost on your rewards. Basically different actors compete on who owns the most CRV to move rewards in their favor via CRV governance.
How does this impact CRV token price?
As CRV is locked for 1-2-3-4 years to boost rewards, there is less CRV circulating around for buyers that have a very REAL incentive to BUY CRV to move rewards in their favor via governance.
Bottom line, CRV goes up. A majority of CRV tokens in circulation are already locked for 4 years!
CRV has very strong fundamentals to push its price HIGHER. Crypto and DEFI whales are nose deep into CRV due to the consistent rewards. The $40 bil locked on Curve proves it. Plus Curve has excellent AMM features for stablecoins and alts.
TA:
The current price is at the highest level since August 2020... A price over $5 is already a huge achievement, but this is likely to go much higher still.
On larger timeframes like 3D presented here, CRV remains very bullish and this last 3D candle appears to show a successful re-test of the $5 level as support after being resistance twice in the past!
If CRV closes this candle above $5 and it continues up, then CRV can rally much higher still.
MACD is bullish and volume remains good. CRV should be a great performer as this price action since July seems to be Wave 3 in a large impulse wave pattern going up.
A price of $10 does not seem impossible and is less than a doubling in price at this time. Then a new correction should follow.
Like and follow if you liked my idea!
CRV/USDT : Zones to support the movement ! BINANCE:CRVUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#CRV shows the strength in the past couple of days, Also it has almost got the ATH and the volatility in movement is kicking the Leveraged traders out of the party..
Now I'm going to point some of the important areas of interest and the S/R levels; Which are helping to improve your trading points and movement's sight; Follow me 😉👇🏼
First of all I would like to point the lower EMA200 which can be a promising support into the lower S/R zone !
Currently #CRV had the pullback from the lower Demand zone and now it has reached the S/R line; I'm expecting the next leg down to happen from here and gave us this opportunity to fill our bags and aim the local high and higher levels..
However there is a possibility for bulls to push the pair above the current S/R line and change our bias from neutral-bearish into bullish.
I'll be looking three levels to react, Higher S/R line - Lower Demand and Major support with EMA200.
🔴 I would like to mention that in any case of confirmation below $4.512, It's better to close our LONGs and wait for $4010 to shows the positive react.
📈 In any terms of break above of the S/R line; I would target the higher bearish order-block's High and the FIB extension's targets for new ATH !
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
CRV/USDT ChartI try to post often so if you could follow, like and comment your thoughts I would be grateful.
CRV is looking very bullish right now. The coin is showing huge market strenght along side coins like LUNA, SOL and FTM. I believe that we can see 6$ CRV very soon, The coin had a bearish divergence in the 4H chart a few days ago, but now CRV had a rejection at the 5.60$ support, and a strong green candle towards a possible new ATH, The same set-up that we say in november is now happening. However the daily CRV chart isn't looking that bullish so we might have to wait for a correction to see a new ATH for the coin. Comment down below your thoughts about CRV.
CRVIDK looks super strong, we entered long at $3.63 in my group and I also told all my twitter followers to buy around $4. I think $5.90-$6.30 is a good spot to close for ST profits W3 but $7 plus or 1.618 fib extension could do it as well. Kinda thinking with $54-$58k BTC and sub 40% BTCD alts can take off soon. GL guys.
CRV at range highStill has momentum to test the range high again. But it has formed a rising wedge. It is possible it will break down and return to the range's low. Given the overall market condition, I tend toward a downturn, however if BTC.d keeps trending down then it will give breathing space for alts to pump further.
Maximum target is 7.2
✅CRVUSDT - is surging and hit our TP2BYBIT:CRVUSDT
-
-
CRV just pump and hit TP2 we set after a pullback.
This trading was open on Dec 16th and has good risk/reward ratio.
Next, you can move your SL upper, and hold the rest until TP3.
Just take it anytime you satisfy.
Have a good day!.
-
If you like this analysis, smash the like button and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
CRVUSDT - can Buy it with these TargetsBYBIT:CRVUSDT
1H trend chart
-
CRV already broke out its short-term downtrend line
And our trading strategy as below.
-
Profit Targets:
a) 3.889----Blue horizontal ray
b) 4.272----Fib(1)
c) 4.708~4.884----Fib(1.272~1.382)
Stop losses:
a) 3.542-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
CRV finished dumping against BTC, to resume uptrendHello everybody,
I think CRV has completed an ABC correction off of a 5 wave Eliiot impulse on the CRV/BTC pair. If this is the case, we can expect the next wave 1 UP next. CRV took quite a beating the last 2 weeks. For CRV, I expect a 2x multiple on BTC percentage gains during this relief rally over the next week or so, as evidence suggests it's oversold relative to bitcoin.
Not an advisor, DYOR :)
_.-CRV-._Located in an ascending triangle
One line has a 7-month support trend...
.
.
More than $ 9 billion is locked in Defi, and Curve Finance is the third largest cryptocurrency among Defi cryptocurrencies.
.
.
If you have any questions, you can write it in comments below, and I will answer them
And please don't forget to support this idea with your like and follow, thank you...
💎 CRV READY TO CLIMB 💎Everything on the chart
CRV hold 4.2 and create a volume floor to hold this fib
Now if we break 5 we have to see fib .618 at 5.3
After this new highs 🚀
Why this climb? Now is not a pump, in this week CRV open a new pool CRV/ETH and in this week eth is pumped hard and overperformed btc, well is time for CRV after a consolidation to climb again.
DIOR
CRV scuffed short term outlook.This is some scuffed analysis, don't take this as financial advice!
It appears as though CRV is forming a 5-wave impulse. It has already gone finished wave 1, 2, 3, and possibly 4. *Wave 4 may still be printing*
If wave 4 is done printing, then my scuffed price target is $6.24 - $6.64. The first price corresponds to the 1.618 fib level and the second price corresponds to the top of the parallel channel.