a Possible noticeable increase in curve. crvusdt Analysis:🌟What is CRV🌟?
CRV is the governance token for Curve.
CRV is used for
1.Voting
2.Locking up to earn voting power and more tokens.
What is Curve?
Curve is a decentralized exchange for stablecoins made up of liquidity pools.
CRV Tokenomics
The Curve DAO is a fork of Aragon voting with a couple of added features like time-weighted voting.
You earn CRV by providing liquidity to any of the pools on Curve.
✅3 reasons why the price of Curve DAO Token (CRV) can grow more than 1000% in future:
Crypto friendly regulations, rising user activity and a recent collaboration with Yearn finance back Curve DAO Token’s recent triple-digit rally.
Over the past two mounths the entire DeFi sector has been in a strong uptrend and many of the top market cap tokens rallied by double and triple-digits. or more..
👉1.Yearn.finance collaboration
The noticeable uptick in trading volume for CRV began on Jan. 14 after Yearn.finance creator, Andre Cronje, tweeted a gif that read:
“Curve.fi presents, in collaboration with Yearn.Finance, permissionless pool creation. Stablecoin pools in 3 clicks. Crv.finance.”
👉2.Crypto friendly regulation creates opportunity for Curve
A second reason CRV has more than tripled since the beginning of 2021 relates to the recent stablecoin announcement from the United States Office of the Comptroller of the Currency.
👉3.Increasing user activity and total value locked boost fundamentals
A key factor in the success of any cryptocurrency project is the engagement of its community. For CRV, this is represented by metrics such as total value locked (TVL) on the platform and the volume of transactions per day.
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✅TECHNICAL ANALYSIS
As we can see in the logarithmic chart above, The current price you see in the weekly timeframe may form a hammer candle that indicates an uptrend. It should fluctuate around $ 2-3 and be in a range area .
although we haven't much data about the past of this currency but with Strong and at the same time with favorable conditions, the support with the support that you see in the green box and towards the goals with yellow, orange and red, respectively, the price targets of $ 6 and $ 23, and then even up to $ 200 or even more with a long-term vision in the future. Grow and although everything depends on the whole conditions of the crypto market.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
Curve
[230%] (LONG) CRV / USDTAnalysis :
- Hidden bullish divergence
- On the Kumo
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.
Optimistic projection for the 4H scenario in CRVUSDTTechnical analysis regarding the price of CURVE DAO TOKEN in relation of dollar Tether for the next scenarios, based on 4 hour movement.
Exponential Moving Averages of 34 and 89 periods taking parallel distance and 34 periods guiding the price at the moment.
RSI <50 but gaining strength
Financial volume may gain momentum and also the MACD with buying mass driving the price.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
ECPG a good play on the financials sector. Great risk/reward.With growth and inflation rising, leading to a steeper yield curve, financials should continue to perform. One name that sold off meaningfully last week was ECPG. The debt collector should continue to do well in the immediate term given the macro tailwinds to the sector. I'd be a small buyer here, playing for a return to the recent range.
Curve (CRV) Next Pump Target is $2.50So long as this alt cycle remains bullish and unbroken by a Bitcoin correction, another CRV pump is highly likely, this time to $2.50.
$2.50 - $2.60 is a key level - it is both previous support from when CRV initially launched and fell from its overvaluation of $10+, and the next Fibonacci line.
Fibonacci lines are a very strong technical tool when used on new assets, like CRV, that have very little price history. Most traders will simultaneously use them to decide where to buy and sell, creating dependable, self-fulfilling support and resistance.
After its latest pump, CRV is cooling off and will likely see a phase of low-volume consolidation within these fib lines. Some are taking profits late, some are cutting losses after chasing the pump and buying the top, while smart money that took profits will be re-accumulating towards the 0.618 and 0.5 fib lines.
CRV 12h Harmonious growth needs short-term rollbackFor two months we did not update the CRVUSDT idea. It was a period of a long coin consolidation.
And now it's time to work out targets from the previous idea.
Growth in the CRVUSD pair looks natural and harmonious, because after a long consolidation, buyers began to drive the price up, without any artificial and intriguing news.
Now the CRV price has approached the liquidity zone, in which there was a hitch in September, before moving further behind the trend.
Therefore, even now we think that it's impossible to pass this zone up for the first time.
In order to gain strength for further upward movement, buyers need to retreat a little and let the price rollback.
It is likely that the next upward attack will begin after a rollback to the level $1.05.
The next target from above is the level $2.20.
In case of strong bullish sentiment, this is the level of $3.90.
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Decisive Breakout | Altcoins Will Indeed Grow On This DropThe question always is, "Will the altcoins grow this time around when Bitcoin drops?"
Curve (CRVBTC) provides the answer.
Today Bitcoin becomes shaky and look at the CRVBTC chart... We have a very strong and decisive bullish breakout with prices moving above EMA50 today.
We also have really high volume and very strong RSI...
Many, many more of the Altcoins vs Bitcoin (ALTSBTC) pairs are looking the same.
The altcoins will grow as Bitcoin prints its retrace... This is also a bullish signal for Bitcoin.
Namaste.
CRV/USDT - Curve DAO- Incoming pump? Keeping a close eye on CRV after finally bucking the trend and holding new support.
It's only early days but could be flipping bullish (finally)
Next 24 hrs will prove crucial in determining whether we see a surge or further rejection.
A push through indicated levels will see us targeting approx 38% with this position.
Caution advised as BTC continues to create ATH's.
As always not financial advice, just thoughts and TA.
Constructive feedback Welcomed.
Happy Trading.
Bingaz.