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Crvusdt

CRV: New DEFI BOOM in 2024?Exciting times are ahead for the decentralized finance (DeFi) space, and Curve DAO Token (CRV) is catching our attention with its bullish stance. The charts are painting a promising picture, and it seems like CRV is gearing up for new highs during the upcoming DeFi boom in 2024. Let's dive into the factors contributing to this bullish outlook. 📈🌐 The CRV Bullish Scenario: Curve DAO Token (CRV) is exhibiting strong bullish signals, setting the stage for a potential uptrend. As we anticipate the next DeFi boom in 2024, CRV appears well-positioned to capitalize on the renewed interest in decentralized finance. Technical Indicators: Chart Patterns: CRV's chart patterns are aligning with traditional bullish formations, suggesting a positive momentum shift. Volume Analysis: Increased trading volume is often a precursor to significant price movements. CRV's recent uptick in volume is indicative of growing interest and participation. The DEFI Boom 2024 Catalyst: The decentralized finance ecosystem is expected to experience another boom in 2024, driven by advancements, new projects, and increasing adoption. CRV, being a key player in the DeFi space, is likely to benefit from this overall market trend. Anticipating New Highs: With the convergence of bullish technical indicators and the broader DeFi market narrative, there's a strong case for anticipating new highs in CRV during the upcoming DeFi boom. Traders and investors alike should keep a close eye on developments in the DeFi space and CRV's price action. Trading Strategy: Technical Confirmation: Wait for additional technical confirmation, such as a breakout or sustained positive momentum, before entering a position. Market Awareness: Stay informed about developments in the broader DeFi ecosystem, as they can influence CRV's price trajectory. Risk Management: Implement sound risk management practices to safeguard your investments, especially in the dynamic and sometimes volatile DeFi market. Conclusion: As CRV sets the stage for a potentially bullish cycle, the DeFi boom in 2024 could catapult it to new highs. As always, approach the market with a strategic mindset, adapt to changing conditions, and may your trades be in sync with the rhythm of the crypto market. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
CRV/USDT Bouncing significant, Ready to Continue Upward Move ??💎 CRV has undeniably caught our eye. It's rebounding after touching the Bullish OB zone. Observing its short-term trend, it remains predominantly bullish, evident from its consistent higher highs and higher lows. 💎 Currently, CRV seems to be forming another higher low within the Bullish OB zone, suggesting potential for further upward trajectory. The immediate target for CRV lies at the supply zone. Should CRV surpass this supply, it would pave a smoother path towards the Bearish OB zone. 💎 On the flip side, if CRV retraces downwards to test the Bearish OB and fails to maintain its position within this zone, there's a risk it might descend further to the key support level.
by MyCryptoParadise
CRV/USDT 1-Day TF: Bullish Momentum ResurfacesBINANCE:CRVUSDT CRV/USDT has recently shown renewed bullish momentum on the 1-day timeframe. This suggests that market sentiment is shifting, with bulls gaining control. It is important to monitor this development closely, as it may present a favorable opportunity for traders and investors. Traders who are bullish on CRV/USDT may want to consider taking a long position with a stop loss below the recent swing low. Risk Management It is important to note that all investments carry risk, and there is no guarantee of profit. It is important to do your own research before making any investment decisions, and to risk only what you can afford to lose. Disclaimer: This is not financial advice.
Long
by ChartsInsights
Brief Analysis——CRVTwo months ago, CRV was sold off as Curve was hacked. And the founder Michael Egorov borrows stablecoins by mortgaging CRV in lending protocols such as AAVE and Fraxlend. The risk of CRV is spread across these lending agreements. The liquidation price for these loans at the time was $0.4. For a long time afterwards, in order to avoid the occurrence of liquidation disaster, Michael sold CRV through OTC to obtain stable currency assets and repay the loan. The price of CRV sold through OTC is $0.4, and the buyer verbally promises a lock-in period of more than 6 months. Recently, CRV has risen, becoming one of the best-performing tokens since September. Our research found that Michael has paid off all his loans on the AAVE protocol and has seen a decline in health rates on other protocols. The next CRV liquidation price was reduced to $0.378. On the upswing of CRV, bears was not strong. We can see from the MBF indicator that bottom buying sentiment continued to increase as the price approaches $0.4. These sentiments do not include OTC buyers. Combined with the WTA indicator, these dips are more the behavior of major retail investors, and the blue columns are not obvious in the early stages of the rise. Switching to the 4h level, we can see that starting on Sep.20, whale participation began to increase. The slope of rise steepens. But in detail, the decrease after the increase in whales is also obvious (shown in the black rectangle). In the first black rectangle, CRV callback and some whales start to take profits and close their positions. After that the price rises again and an upward pin-bar appears. In the second black rectangle, another part of the whales once again took profit, and the price remained fluctuating to protect the whales' profits. We have seen this phenomenon many times with other coins. Let's talk about something different. We have pointed out two position with green arrows where the bulls experienced strengthening. Although many whales have left. The bulls in this part may be supported by retail investors. If you hold a long position, you can take profits after the bulls decreases. There is a certain possibility that whales will enter the market again after the fluctuation, so in addition to the candles, you need to pay attention to the blue columns on the WTA indicator. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
MKR Double Bottom UpdateYesterday, I made a trade with BINANCE:MKRUSDT because of the pattern and long confirmation and for this trade, two take profit areas are set ( Refer to the fib lines ) along with protective stop loss for each take profit hit areas for net profit security. I didn't have an image of my win rate on Binance, but I will provide you the next time :) I ended the trade because of what my indicators presented, the RSI is on the oversold territory and the MACD line nearly approaching to the signal line in 1-hour timeframe. Meaning, we can see a retracement (possibly another double bottom pattern) of the price movement. If I want to trade this coin, I will wait until it forms a pattern potentially scalp short because of upward trend not until we see a breakdown in the support line particularly in the tp 1 area ( Refer to the the chart ) Overall, confluences of my trade include confirmations, resistance breakout, buy volume, and MACD. Always plan your trades by putting take profit and stop loss in every positions. Happy trading!!!
by luigi360swirl
CRV GOING FOR MOREHello Trader, Thank you for taking the time to read our update. CRV for today's trading shows some interesting changes. The candle of 12 SEP is still running in the trend, and we are closely monitoring whether this ongoing candle could potentially indicate a short-term uptick. We find ourselves at a crucial juncture, where the trend in CRV may be poised for a significant shift. The coming time frame is important to confirm the trend of CRV to see if it's able to increase more or not, at this moment it shows only interest and not confirmation. Thanks for your comments
Long
by SatochiTrader
CRVUSDT Elliott Waves Analysis (LONGTERM)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry zone: 0.33 - 0.28 Targets: 0.7 - 1.3 - 1.9 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
Curve / US Dollars (CRVUSDT) Token Analysis 11/09/2023Fundamental analysis: Curve functions as a decentralized exchange specializing in stablecoins, employing an automated market maker (AMM) to oversee liquidity management. Its journey began in January 2020, and Curve has since become closely associated with the decentralized finance (DeFi) movement, experiencing substantial growth in the latter part of 2020. In August, Curve introduced a decentralized autonomous organization (DAO) featuring CRV as its native token. This DAO leverages the Ethereum-based creation tool, Aragon, to establish connections among various smart contracts responsible for handling users' deposited liquidity. It's worth noting that governance within this DAO differs in terms of its weighting and other key aspects compared to Aragon. Curve has garnered significant attention by fulfilling its role as an Automated Market Maker (AMM) specifically designed for stablecoin trading. The introduction of the DAO and CRV token has added to its profitability, as CRV serves a governance function and is distributed to users based on their level of liquidity commitment and the duration of their ownership. The surge in DeFi trading has solidified Curve's position in the industry, as AMMs continue to handle substantial amounts of liquidity, leading to increased user profits. Consequently, Curve caters to a broad spectrum of DeFi participants, including those engaged in yield farming and liquidity mining, as well as individuals seeking to optimize returns while holding relatively stable and non-volatile stablecoins. The platform generates revenue by imposing a modest fee, which is then rewarded to liquidity providers. Curve entails the typical risks associated with depositing funds into smart contracts and engaging with Automated Market Makers (AMMs), primarily the risk of impermanent loss. Given that Curve exclusively deals with stablecoins, the likelihood of rapid market fluctuations is diminished. However, users may still experience losses when markets undergo rebalancing to align with cross-market price adjustments. While Curve has undergone audits, it's essential to recognize that these audits do not eliminate the inherent risks associated with exposure to a particular cryptocurrency. Curve (CRV) made its debut in August 2020, coinciding with the launch of the Curve DAO. Its primary role is to serve as a governance mechanism, provide incentives, facilitate fee payments, and offer a means for long-term earnings to liquidity providers. The total supply of CRV tokens amounts to 3.03 billion, with the majority (62%) allocated to liquidity providers. The remaining tokens are distributed as follows: 30% to shareholders, 3% to employees, and 5% to a community reserve. It's important to note that both shareholder and employee allocations are subject to a two-year vesting schedule. CRV did not undergo a premine, and the gradual unlocking of tokens indicates that approximately 750 million tokens should be in circulation one year after the initial launch. The founder and CEO of Curve is Michael Egorov, a Russian scientist with diverse experience in cryptocurrency-related ventures. In 2015, he co-founded NuCypher, where he assumed the role of CTO. NuCypher is a cryptocurrency company focused on developing privacy-preserving infrastructure and protocols. Egorov is also the brain behind LoanCoin, a decentralized bank and loans network. Curve's core team is integrated into the CRV allocation structure, entitling them to receive tokens over a two-year vesting period as per the initial launch plan. In August 2020, Egorov acknowledged that he had "overreacted" by locking up a significant number of CRV tokens in response to yearn.finance's voting power, resulting in him obtaining 71% of governance control in the process. Technical Analysis: As we observe, the price is currently trading within a range bounded by the Fibonacci retracement levels of 78.6% and 95%. Notably, there is a potential support level at $0.15. For the anticipated bullish cycles, we have established three potential price targets: First Target Price (1TP): $6.75 Second Target Price (2TP): $8.5 Third Target Price (3TP): $11 It's worth noting that there are multiple resistance levels marked on the chart, corresponding to the Fibonacci retracement levels. Sentiment Analysis: Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels and current Price.
Long
by BitonGroup