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Crvusdt

CRV: Falling WedgeTrade setup : Price has now broken below $0.50 support, which is where price previously found support in Nov and Dec 2022. It is oversold (RSI ~ 25) but overall trend is down so we prefer to wait for a breakout from Falling Wedge pattern, which would signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.50, which it broke, then $0.40. The nearest Resistance Zone is $0.75 (previous support), then $1.00, and $1.25.
Long
by altFINS
CRVUSDT Presenting a Bullish Scenario? Curve Analysis Today💎CRVUSDT is presently navigating within a descending channel and making lower lows and lower highs on the 1D timeframe. 💎One critical point to notice is that it is positioned near a crucial support level, which aligns with the POC of VRVP. 💎 Just beneath, there's a pronounced demand zone and additional significant support that CRV could potentially approach for a retest. 💎 While there's a minimal likelihood that CRV may breach both these supports and persist in its decline, we're hopeful that CRV will emerge from this channel in the upcoming days. 💎Keep a lookout for further insights and relish your trading voyage with #MyCryptoParadise.
Long
by MyCryptoParadise_Nathan
CRV : Time to LET GO of a Sinking DEX?Hi Traders, Investors and Speculators of Charts📈📉 One of the most important lessons you can learn in life is when it's time to let go. This holds true, even for crypto. A recent hack caused a significant amount of damage to Curve Finance. As we thought the price of CRVUSDT couldn't possibly go any lower... CRV, Curve's native token, plummeted and is now nearly falling off my screen. On July 30, Curve Finance was hacked for over $73 million worth of crypto. The hacker exploited a reentrancy vulnerability in Curve's code to drain liquidity from multiple pools. (For Nerds): A reentrancy vulnerability is a type of exploit that occurs when a function calls another function, and the second function calls back to the first function. This can create a situation where the first function can call itself infinitely, which can lead to a denial-of-service attack or a financial exploit. In the case of the Curve Finance hack, the hacker exploited a reentrancy vulnerability in the code for Curve's stablecoin swap function. The swap function allows users to swap one stablecoin for another. The hacker exploited the vulnerability by calling the swap function multiple times, each time withdrawing more liquidity from the pool. This caused the pool to become depleted, and the hacker was able to steal the remaining funds. Reentrancy vulnerabilities are often found in smart contracts. Smart contracts are often used to automate financial transactions, and they are therefore often targets for hackers. The anon hacker has since returned over $61 million worth of the stolen funds, but the remaining $12 million worth of funds is still missing. AS YOU GUYS ALL KNOW, If you've been following me for a while , as soon as I see a > -95% drop in a coin's value WITHOUT a quick recovery... I can't help but lose faith. It's an obvious sign that the demand is lacking, the project has no real interest from the market. I feel sorry for the team; they've been around for a while and it's a well-know project. This hack was really the last thing that they needed. BUT, it happened and unless they can come up with great new way to add value to CRV, I won't be holding any more CRV. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:CRV BINANCE:CRVUSDT BINANCE:CRVUSDT.P BINANCE:CRVUSDT.P
Short
by CryptoCheck-
43
CRV: Approaching SupportCurve (CRV) technical analysis: Trade setup : Price was trading in a Channel Up pattern but broke out of it, bearishly, below the channel support trendline and below $0.75 support zone. Curve (CRV) is a well-established DEX used primarily for swapping of stablecoins. It suffered an exploit recently but there are signs of stabilization and recovery in its business. Price catered down to $0.50 support, where it’s found support so far, and with robust volumes. That’s also where price found support in Nov and Dec 2022, before it set off on a big rally. It’s a higher risk trade, since overall trend is down. Pattern : Price was trading in a Channel Up pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.50. The nearest Resistance Zone is $0.75 (previous support), then $1.00, and $1.25.
Long
by altFINS
CRV (Curve DAO) Token Analysis 03/05/2021we have earlier analyzed this token and Achieved our Targets: Currently Holding it in Our portfolios, now Updating the target: Fundamentals: 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. Curve has gained considerable attention by following its remit as an AMM specifically for stablecoin trading. The launch of the DAO and CRV token brought in further profitability, given CRV’s use for governance, as it is awarded to users based on liquidity commitment and length of ownership. The explosion in DeFi trading has ensured Curve’s longevity, with AMMs turning over huge amounts of liquidity and associated user profits. As such, Curve caters to anyone involved in DeFi activities such as yield farming and liquidity mining, as well as those looking to maximize returns without risk by holding notionally non-volatile stablecoins. The platform makes money by charging a modest fee which is paid to liquidity providers. Curve carries the standard risks associated with depositing funds in smart contracts and dealing with AMMs, namely impermanent loss. As Curve only supports stablecoins, the risk of markets moving too quickly is reduced, but users can still lose money once markets are rebalanced to reflect cross-market prices. Curve has been audited, but this does not do anything to counter the risks involved in being exposed to a specific cryptocurrency. The founder and CEO of Curve is Michael Egorov, a Russian scientist who has various experience with cryptocurrency-related enterprises. In 2015, he co-founded and became CTO of NuCypher, a cryptocurrency business building privacy-preserving infrastructure and protocols. Egorov is also the founder of decentralized bank and loans network LoanCoin. Curve’s regular team is part of the CRV allocation structure, and will receive tokens according to a two-year vesting schedule as part of the initial launch plan. In August 2020, Egorov said that he “overreacted” by locking up a large amount of CRV tokens as a response to yearn.finance’s voting power, awarding himself 71% of governance in the process. Curve (CRV) launched in August 2020, along with the Curve DAO. Its purpose is to function as a governance medium, incentive structure and fee payment method, along with long-term earnings method for liquidity providers. The total CRV supply is 3.03 billion tokens, the majority of which (62%) are distributed to liquidity providers. The remainder is divided as follows: 30% to shareholders, 3% to employees and 5% to a community reserve. The shareholder and employee allocations come with a two-year vesting schedule. CRV had no premine, and the gradual unlocking of tokens means that around 750 million should be in circulation one year after launch. The live Curve DAO Token price today is $3.30 USD with a 24-hour trading volume of $164,292,749 USD. Curve DAO Token is up 2.08% in the last 24 hours. The current CoinMarketCap ranking is #104, with a live market cap of $901,653,314 USD. It has a circulating supply of 273,444,536 CRV coins and a max. supply of 3,303,030,299 CRV coins. Technical Analysis: The Token has done its initialization and accumulation phase followed by impulsive waves and Distributions, currently the Price is Reaccumulating for the next Move UP to the higher ATH. there are total of 3 Targets defined by Fibonacci Projection of the initial impulsive wave and the consecutive Retracements, we can see the price has already Touched the 1 TP but, yet we can consider it as our 1 Target as the Price is still below it and has chances of more fall to the lower support areas. There are Few Strong Support Areas on the past Price Actions which are having confluences with Fibonacci Retracement Tool.
Long
by BitonGroup
12
CRVUSDT Potential Consolidation and Upside Breakout in Sight💎Currently, #CRVUSDT has reclaimed its position above the demand area and the 50 Exponential Moving Average, indicating a positive shift in the price action. Furthermore, the price remains above the uptrend trendline, while the downtrend trendline has yet to be tested. This consolidation between the two trendlines suggests a period of potential consolidation until a decisive breakout occurs, either to the downside or the upside. 💎However, based on recent price movements, the probability now favors an upside break, which could lead to a notable surge in #CRV. Chart analysis reveals the presence of three Fibonacci-based resistance levels. It is crucial to closely monitor the second resistance level, which aligns with the 261.8% Fibonacci retracement level. This level holds significance for two reasons: it is a double Fibonacci level, confirmed by the 261.8% and 61.8% Fibs, and it coincides with the psychological round number of $1.00. 💎Naturally, if #CRV experiences a confirmed daily break and closes below the recent lower low, our bullish outlook would be invalidated, potentially inviting more selling pressure. However, as long as the price remains within the established trendlines, the potential for an upside breakout remains. Stay alert, Paradisers, as we closely monitor #CRVUSDT and await the decisive move that will shape its future trajectory.
Long
by MyCryptoParadise
CRVUSDT: Breaking the Rising Channel with Bullish Momentum. 💎Recently, #CRVUSDT surpassed the boundaries of its ascending channel, signaling a positive price action. This development has resulted in a change of the mid-term trend from bearish to bullish, increasing the chances of another upward wave. 💎We observe how the previous supply zone has transformed into a demand area, and the current pullback presents a compelling risk/reward opportunity for potential buyers. However, it is important for #CRV to hold its position above this demand area to validate the bullish scenario. Only then, we can anticipate at least one more wave to the upside, with the price targeting a significant resistance area around $0.86. 💎Conversely, if the price breaks below the current support level, it may lead to a continuation of the pullback, potentially reaching the uptrend trendline or the Volume Profile support at $0.67. Regardless, the current probability favors a continuation of the uptrend, and the MCP team is actively preparing to seize potential opportunities.
Long
by MyCryptoParadise
Key Factors in #CRV's Mid-Term Outlook💎 The mid-term trend for #CRVUSDT is undergoing a shift from bearish to bullish. This transformation is supported by the recent price action, which has witnessed the formation of higher highs and higher lows. Adding to the positive outlook, the Volume Profile level has transitioned from acting as resistance to becoming a support zone, as evidenced by three consecutive bounces over the past week. Moreover, #CRV is currently trading within an ascending channel, with a recent bounce from its lower boundary. 💎 If #CRV manages to hold above the current demand zone, we can anticipate a swift upward movement, targeting $0.81 level. This represents a potential 20% price increase, which is remarkable considering the prevailing market conditions. The $0.81 price level holds significant importance, as it coincides with the top of the ascending channel, a previous demand zone, and the downtrend trendline. This convergence of key features makes it an enticing target for bullish traders. 💎 While the odds currently favor an uptrend, it is essential for Paradisers to remain cautious and prepared for a potential downside breakout. Such a development would likely alter the direction of the mid-term trend. Nevertheless, bullish traders are likely eager to seize such a compelling risk-reward opportunity. Trade wisely and seize the opportunities that lie ahead, Paradisers! Your ParadiseTeam 🌴
Long
by MyCryptoParadise