Probable (in my opinion) Demand/Support level for CURVE????I have seen CRV test this area between $1.86 and $2.20 5 times fairly recently as you can see from my drawings on this daily chart. Looking for feedback from the trading community on what you guys think of my analysis, and whether I am on the right track with a lot of the analysis that I publish, most I don't, and I probably should because there are no losses unless you do not learn from them. Especially with something as diverse information wise as trading, investing, etc. Look forward to what everyone thinks of Curve and the De-Fi sector in general....happy trading guys and I hope EVERYONE OUT THERE IS MAKING MONEY. Lets break the system because you know none of them were built for that much success. The only ay to do that is to help each other get better at the finer points of technical and fundamental analysis. Take it easy everyone, this toooooo shall passs......I also think Curve and the De-Fi sector in general will get a bump coming into the end of the year, need money , holiday season, by the way....let me know ladies and gents, and be safe out there...
One more thing, lets see if we see some buyer exhaustion in the current candle with a "top" and reversal, if that happens, I could really be onto something....
Crvusdlong
Edge to Edge move in play for CRVHas happened in the past, I dont see why it cannot happen again.
I am not particularly excited about DeFi post EIP 1559, because the upgrade favors staking ETH instead of staking DeFi tokens. For example, you should do much better using a Lido-Crv-cvx staking mechanism over staking UNI. Remember lower ETH fees mean lower staking rewards for a lot of token holders.
CRV is one of the few DeFi projects I am invested in because its a part of the ETH staking mechanism.
Also as Convex finance went live, I expect a decline in emissions. Given the FA, the TA here should play out.
💡Don't miss the great buy opportunity in CRVUSD". There is a possibility of temporary retracement to the suggested support line (1.788).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CRVUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 2.041
TP2= @ 2.324
TP3= @ 2.849
TP4= @ 3.522
TP5= @ 4.261
SL= Break below S2
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