CRV/USDT - Triangle BreakoutOn the daily char t, the market price broke the triangle with bearish trend line and went up.
After that, a retest of a new support zone was carried out, now the price can continue to move up.
Also, a double bottom formed before the triangle was broken, which confirmed to us that a breakout would be made.
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE . This is just my point of view on the current situation.
Crvusdt
PayPal to Buy Curv Crypto Custody FirmPayPal is reportedly buying Curv, an Israeli crypto custody firm, for $200 million - $500 million.
Curv has raised funds from Coinbase Ventures and DGC as well as integrated with the Compound protocol.
graphically, I think we are in for a strong rise.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
Curve (CRV): All levels to watch!I made a simple cheatsheet for you, look to levels.
My Bias: Bullish
Basis:
4H MACD: Bullish
4H RSI: Bullish
EMA 12H: Support Price
Volume 1H: Increase
look nice to me, be patient.
BTC: 1Gro97DoABk7BMegn5TKopmMXLKQefej9r
XRP: rw7wnYPy8ZR542piPUNcz8fzmkNZY27WXS
BNB: bnb1r2r3rzad7v0lkmhr4kn6wp5stsr7ur8gknvqp2
UNI: 0x112F395E94a7084Ca6dAa9Ba1462192Ac56570F5
USDT: 0x112F395E94a7084Ca6dAa9Ba1462192Ac56570F5
Do it🔥Traders are most motivated workers, wolves🔥
There is a great trade opportunity for you.
Symmetrical triangle on CRVUSDT.
Previous bearish trend was broken, so it may be a good signal for bulls to wake up.
According to Elliott Waves theory all the waves are done and the price is heading to the breakout.
Follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
CRV/USD - I smell pump in the air! $3 soon. 🚀CRV is compressing here in this ascending triangle and there is not much space left for CRV to move... soon we need to breakout... my bet is up. :D
On daily the indicators are looking healthy with a MACD which is timidly hovering on the positive side awaiting that juicy pump to happen and RSI is pushing higher.
On 4h we also crossed on the positive side on MACD with increasing volume so if we don't breakout here, then we still have room for another try. If both fail then we may need to revisit support to refuel.
For now I remain bullish on this chart. CRV also appears to be ending a large correction before a last fifth leg up in a nice large Elliot Wave structure.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
CRVUSDT (CRV) - POTENTIAL BREAKOUT ANALYSIS 🔎
- CRVUSDT is resisted by the descending trendline resistance (DTR).
- Price is testing the descending trendline resistance (DTR).
- Price action is printing a symmetrical triangle (ST) pattern at the test zone.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance and the symmetrical triangle's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below symmetrical triangle's inclined support.
CRVUSDTCRV/USDT 4H
The currency has fallen in recent weeks, which can be said to be a break from the price pump in the last two months.
Now that the downtrend has been broken, we can expect the price to move up.
By considering the Fibonacci lines, the trend can be described in more detail. As you can see in the chart.
It seems to be a good position to swing
CRV/USDT - 4h - Analysis published on 03/12/2021Hello World, it’s Cosmo 👩🚀 … and – as the general market – I’m back on the Moon. Everything good here … Moonraker (my Crypto Hedge Fund) is doing very well and gained lots as the general market was soaring.
Now it’s time to re-balance as our longs have gained weight in the fund (together with the market). We need to increase the shorts now again. Today I’ll analyze the Curve DAO (CRV) Token against USDT:
So, let's get started 😃 … Summary of the Analysis: CRV/USDT (4 hours time frame)
Trends: Short Term - Bearish & Long Term - Strongly Bearish
Crypto Screener™ (by TradingView) Rating: SELL
Technical Indicators (by TradingView & intotheblock): STRONG SELL
- Summary: 18 Bearish; 8 Neutral & 0 Bullish
- Oscillators: 4 Bearish; 7 Neutral & 0 Bullish
- Moving Averages: 14 Bearish; 1 Neutral & 0 Bullish
Fundamentals: SELL
- Circulating/ Max Supply = 7% --> STRONG SELL
- No Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto)
- No SIMETRY™ Rating (by Crypto Briefing)
- No Rating by TokenInsight
- No Asset Score™ by TokenInsight
- No Dynamic Performance Score™ by TokenInsight
AI (Artificial Intelligence) by CENTRALCHARTS: STRONG SELL
Multi Timeframe Analysis:
- 1h (1 hour frame): neutral
- 4h (4 hours frame): negative
- D (1 day frame): neutral
- 7d (last 7 days): neutral
My Opinion: SELL - Bearish under USD 2.640
My targets: USD 1.620 (-23.4%), USD 1.257 (-40.5%) & USD 1 (-52,7%) from current price level
CRV/USDT follows a strong bearish trend since ATH (all time high) on 02/06/2021. Traders may consider only short (sell) positions if the price stays well below USD 2.640 (Stop Loss Level = 1st light green line above current price; +24.9% from current price level). Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum.
Signal Force (0-10): 8 = very strong force
To sum up my opinion: I’m convinced that the Curve DAO Token is substantially overpriced with the recent PUMP ACTION and will retrace back to it’s lows from before the parabolic move (around 1 USD).
We broke monthly VWAP (volume weighted average price) downwards 2 days ago (on 03/10/2021) which is a strong SELL signal.
Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Like and follow as the next analysis will focus on over- and underperforming (compared to BTC) Coins or Tokens again.
With this information you'll then be able to go LONG potentially overperforming Coins/ Tokens and to go SHORT potentially underperforming Coins/ Tokens and to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund.
Heard about this? With this successful trading strategy😍🍀💵 you'll be able to make money in all market situations and independent from the price action and level!
Happy trading everyone … comments welcome!
Published on 03/12/2021, 12:00 PM (UTC+1)