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Crvusdt

CRV/USDT What's the next move ? Break the resistance or Fails💎 CRV has undeniably attracted significant attention in the market. Presently, CRV is undergoing consolidation in the demand area, previously identified as a supply zone. The movement of CRV is forming a symmetrical triangle pattern. 💎 If CRV successfully breaks the resistance pattern of the symmetrical triangle, there's a likelihood of continued upward movement toward the resistance area. Breaking the crucial resistance area at $0.657 is essential for further upward momentum, potentially reaching our target supply area. 💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, CRV fails to maintain its position and undergoes a breakdown. In such a case, CRV may revert to the next lower demand area, necessitating a bounce to reclaim the demand before considering further upward or downward movement toward the next lower demand level of $0.46.
by MyCryptoParadise_Nathan
2
CRV/USDT Insights into Recent Rejections ?👀 🚀 💎 CRVUSDT has recently faced rejection at a supply level but is now regaining momentum, indicating a strong likelihood of surpassing this level and initiating a bullish trend 💎 In a previous instance, CRV successfully breached the supply at .5465, initiating an upward trajectory. Presently, encountering resistance at .6534, the cryptocurrency is once again regaining bullish momentum, fueled by the demand zone. 💎 This presents a substantial probability of breaking through the resistance at .6534, overcoming a robust hurdle. Successfully navigating this scenario demands a nuanced comprehension of the intricate relationship between probabilities and mathematical dynamics, providing investors with a lucid perspective on the associated risks and rewards. 💎 Conversely, there exists the possibility that the price may fail to breach the supply level and face rejection. In such a scenario, the plan would involve a bullish continuation from the demand level at .5481. A breach below this level could trigger a significant downward movement, emphasizing the importance of monitoring these critical levels for strategic decision-making.
Long
by MyCryptoParadise
7
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 Habadoo