CRV - welcome to summer levels? vol 2It's less than an hour for the daily candle to close and we can see that it has broken the Fibonacci resistance level 1, about $ 3.50.
If in this daily view the apparently bullish movement that we appreciate consolidates, we will consider the new resistance zone between $ 5 and $ 5.50 (mark 1.618 Fib), matching the previous highs back in September of last year.
In the event of a downward correction, the levels to be taken into account are reflected here.
Thanks again
CRVUSD
CRV: Massive PotentialCRV truly has massive potential for growth. The section of the chart that I'm showing here is only a small portion of the last couple months. However, there is a MASSIVE cup and handle playing out as the big picture.
I could see a potential breakout happening in the next week or two here. A $5 target is not unreasonable once we've moved up.
It'll be interesting to see how this plays out...
This is not financial advice. These are only my ideas and opinions.
CRVUSDTCRV just entered a very strong resistance area but the volume on the market shows that it might have a chance of touching higher targets.
In that case we can open long positions and wait for those 2 TP areas (as shown on chart).
Wait for the closure of a 4H candle above the resistance and then once its confirmed, open your positions.
Be careful about it tho, it's a very strong resistance.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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CRV cup and handle breakoutCRV looks to have broken out of the cup and handle pattern I mentioned a few days ago.
There still looks to be some resistance around 3.80 USD, but if that breaks, 4.40 USD looks to easily be within reach and beyond. There also looks to be no red flags indicating a fake out from MACD and RSI from what I can tell, so it looks like the largest risk I see is if BTC loses support, as no trend is guaranteed and all bets are off if BTC breaks (would love to hear your thoughts if you see something otherwise, so please leave a comment if you disagree). Otherwise, CRV definitely looks to be an alt to keep an eye on in the next few days.
$CRV - HTF Long Setup (1/2D)Evident CRV started at high prices and sold off, found a bottom and is now pushing up those initial higher prices
Using the 1D chart we can derive the cap of the market is the SR block of $3.6-$3.1 - mid and late August 2020
One we clear this which lines up with the deviation level on the LTF setup there isn't really any resistances, similar to XRP above $1.1
The flat top triangle is pretty clean - equal highs and higher lows, should be an explosive move upwards once flipped
Targets would be 1D SR's of $5.3, $6.9 and and the measure move target of $6.2
$CRV - LTF Long Setup (2H)$CRV fundamentals are solid here, DeFi etc.
Chart is strong
Micro range, deviation beneath (stop hunt), push above, retest and a good push to the upside
We have also formed a smaller bullflag in this micro range, bullish accumulation under the resistance of 3.4-3.5
Strong reclaims of mids, break and retest of flag and deviation level marked will all be solid entries as the 1D chart has us pointing even higher!
Targets for this LTF setup are 4 and 4.7 dollars
Check my next post for the 1D setup, adds to bullish confluence!
CRV/USDT Double Cup-Handle FormationIn the CRV/USDT daily chart, huge cup and handle formation supported by strong trendline and small cup and handle formation. Stoch RSI is oversold. Price accumulate at 2.9 USD level. After 3.38 broken with valid volume, price can follow the cup-handle formation targets. Not a financial advice, it is published for follow-up. Thanks.
CRVUSD: "CUP" has formed, awaiting for "HANDLE" to confirmAs we can see in the 1D Chart, CRV is forming a handle right now and if we are able to break out the white line, our next potential target might hit 5 (only when the candle have successfully broke and stay above the white line)
Looks promising, so you might want to put this in your watchlist and pay attention to the 1H, 4H & 1D Chart.
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Trade wisely folks.
CRV / USD (Curve DAO Token) Main trend. The Dragon. A cup.The main trend of this coin. The coin appeared in September 2020. At the moment, there is a pronounced uptrend. The classic Dragon formation has worked.
At this time, a local cup with a base of 100% has formed. The price is at her resistance. The first local target in the event of a breakout of the 3.5 level (yellow level) is the development of the targets of this formation, similarly, at about 100%.
This level of 3.5 is a very important resistance. A breakthrough of it and fixing the price above it will give further development of the trend. If the trend develops further, then the goals are impressive ....
But, it should be remembered that at the moment the coin, especially in the pair to USD from the reversal zone of the secondary trend, is at the "XXX". Therefore, you need to trade carefully and in compliance with risk management. In cases where this important resistance is not broken, the potential for short work opens. Key levels are shown on the chart.
In the pair to CRV / BTC, an upward channel has formed with a potential for resistance of about 150%. At the moment, the price is at the bottom of it.
Perhaps this coin with the name of a not good woman will please everyone with a big profit. But, it should be remembered that you should not mess with CURVE and similar temporary creations for a long time, otherwise this word will often erupt from your lips.
I honestly love this chartWhen Curve DAO is able to use this Gold trend line as support, the price action has played out very bullish. However, if we retest it again soon and break down, we should look for support around the black trend line in the blue level which has been recent support. If we should above it though, my price target it around $6.