Crvusdt
CRV about to go parabolicThis is a comparison of CRV/USDT current chart to ETH/USD 2016-17 Chart. They are strikingly similar and CRV is closely following it.
90% of CRV's current circulating supply is locked for an average of 3.6 years making it a perfect candidate for a massive supply squeeze.
CRV wars are also heating up because of what MOCHI INU did a few days back.
It is currently turning it's previous all time high resistance into support and gearing up for the massive move that is about to come in the next few weeks. Once it flips $5.5 resistance it might go parabolic just like ETH did in 2016.
CRV all time high is $23 which is definitely achievable in long term because of it's low supply in the market.
This chart is only for information purposes and it is not an investment advice.
CRVUSDT : Can you get another ATH ?In the 4h chart
It hesitated and converged after touched 5.500 for a week.
The price is under downtrend now ,if it can break out and stand firm above the wedge ,trading strategy as below .
SL: 4.282
TP1: 5.500
TP2: 6.266
TP3: 6.576
TP4: 6.909
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🌈CRV- testing major support, get readyCRV just recently broke above the area of heavy resistance and is now testing it as a support. The price got rejected from 5.46 level, which actually can be treated as "more reliable" ATH because it is the only clear resistance we can identify, except for the one from the initial pump, when the coin was first listed. You can of course argue with this theory, it's just my approach. Following this assumption, this is the last level to claim. Please remember, that if BTC is going to resume its run (and it looks like it is) most altcoins will either dump or go into standby mode. In case current area doesn't hold, we can expect the price to find support at either 3.15(local level) or 2.68(macro support)
Entry: average buy from current price (4.40) down to key level (3.53)
Targets:
TP1: 5.44
TP2: 6.89
TP3: 10.50
TP4: 14.11
TP5: 16.35
TP6: 23.20 (~500%)
TP7: OPEN++
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About CRV:
Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.
Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.
In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.
Source: coinmarketcap
CRVOn the right, 4H chart:
- shows a demand area as price stayed above the support.
On the left, Daily/Weekly/Monthly chart:
- yellow for monthly.
- white for daily.
R+WR = the monthly resistance match with weekly resistance.
Notes:
- The pattern on daily frame which means need to have daily candle to close above.
- on the right there is a long opportunity because the price on the support and demand area.
CRVUSDT Ready to Start the MoveThis is another asset I have been talking about to my followers. I have been watching the consolidation closely and it looks like it is ready to start moving soon. This asset is great because it has an overall large target and a long year and some change basing pattern that has formed. I have put the first target on the chart but I expect this to really move when things get going. The target comes from the flagging pattern.
Thanks again everyone.
Tomorrow I will pick another asset I think will be great. Maybe KDA. I am still deciding. Cheers!