CRV/USDT Trading Scenario UpdateThe asset is currently trading at $0.2568, which is significantly lower than its local high of $6.7862—a decline of over 97%. However, despite this drop, the Curve Finance platform continues to draw attention from market participants, maintaining a Total Value Locked (TVL) of $1.8 billion, indicating a high level of trust in the ecosystem.
Volume profile analysis shows considerable interest in the asset within the current price range, which could signal the formation of a strong support level. Increased trading volumes further suggest heightened buyer activity, creating potential for a price recovery.
Curve
US02Y / US10Y Yield CurveThe Yield Curve has been inverted for a long time, and as rates are about to go lower, it can finally un-invert. When the 2-year yield is higher than the 10-year yield, the chart is above 1.0 ; But once the 2-year yield dips below 10-year yield, the chart should drop below the 1.0 mark.
CRV/USDT Trading ScenarioOver the past 820 days, CRV has been in a steady accumulation phase, as indicated by volume profile analysis. In early August of this year, the asset reached a new all-time low at $0.1794. This decline led to a significant increase in buying volumes, signaling strong investor interest and active accumulation of positions.
The volume profile analysis reveals a concentration of trading volumes in this price zone, which is characteristic of an accumulation phase. The continuous price decline, coupled with rising buying volumes, suggests that the asset may be preparing for potential future growth.
Considering the current accumulation phase and the increasing interest from buyers, it can be inferred that the asset is on the verge of potential growth.
Yield CurveThe 2/10 treasury yield spread is quickly flattening and an inversion could happen soon.
All of the previous yield curve inversions are associated with memorable market sell-offs and recessions.
I believe the ripple effect of the ongoing financial and economic sanctions against Russia will end up being the catalyst for the next meltdown.
The market conditions have been favorable to a disaster by many measurements for some time now.
Again, there are many unknown cross-currents beginning to work their way into the global economy. On top of that, the FED is raising interest rates in less than two weeks.
Curve DAO Crv price will surprise all of us?)And the award for the most unpredictable coin goes to CRYPTOCAP:CRV !)
While the price of OKX:BTCUSDT is correcting and the vast majority of altcoins are following it, #CRV holders woke up after 2.5-3 years of hibernation and said: "Ooooh, now is the best time to buy OKX:CRVUSDT ".
Or how else to explain the 2-months of increased trading volumes in the #CRVUSDT pair and the fact that the price of the #CurveDAO token has been growing quite actively for the last 3 days, if such a phrase is legitimately used with CRV at all )))
‼️ The critical level for August-September for the #CRVUSD price is around $0.60
If they can gain a foothold above that, then maybe we will see CRYPTOCAP:CRV at $1.2 before the end of 2024 !)
BTC : CurvesHere is a cyclic curve lattice used to identify historical and future support/resistance levels that can assist us with our trades.
The chart is unraveled on the 4 week time interval and the logarithmic price scale.
Every historical curve shows at least one critical price action reaction.
Here are the most important, all but one relating to candle wicks...
Green curve price action reactions :
Red curve price action reactions :
Future cycles are carefully estimated using Fibonacci measurements.
Finally, thank you to my followers and to those who enjoyed viewing this idea.
Feel free to give it a boost if you like it.
// Durbtrade
CRVUSDTHi guys
This cryptocurrency is one of our watch list. If the long-term downward trend line is broken, we expect an upward trend similar to the scenario.
Buying or adding volume on these areas is very risky. The price areas of $0.6675 and $0.5517 are low-risk areas for buying.
What do you think?
CRV/USDT should price respect key support? 👀CRV Today analysis💎 CRVUSDT is currently exhibiting notable strength, hinting at a potential bullish reversal from its support level at $0.5800. If the price maintains its momentum at this level, there is a significant likelihood of a bullish upswing that could surpass the nearby supply.
💎 Considering historical patterns, Curve (CURVE) has consistently followed a downward trend, frequently encountering resistance around $0.7293. We anticipate that the price may revisit the support level at $0.5800 before embarking on a further bullish trajectory. Interestingly, this level has been respected twice in the past.
💎 In the event that LSE:CRV faces challenges in maintaining its momentum at the $0.5800 demand, we expect a bullish recovery from the lower demand zone around $0.5387. However, a breach below this point could potentially lead to additional declines. Let’s remain vigilant and be prepared to adapt our strategies as needed.
CRV to move higher towards $1BINANCE:CRVUSDT tested the range low twice since 2023. After its latest test, it began to move upwards. The level of 0.70 was a significant testing point, where liquidity was absorbed. Within 2024, I anticipate the movement to continue towards $1.0 first and then towards $1.3.
CRV's plan based on TRBEvening fellas,
If you take a look at TRB you'll find this pattern after the big retest we had some weeks ago.
It was a straight shot after that.
That big old retest looks like the one from yesterday. So dont be surprised later with CRV cause the pump will be crazy, hopefully a good 5x.
Trade thirsty my friends.
Bitcoin Corrective Wave MetricsAnalysis of long-term corrective waves from ATH's of different historic periods
Facts:
The drop of 93.75% back in 2011 was the biggest correction of all time.
With time the corrections after new established ATH's got gradually smaller.
I'll use fibonacci retracement to measure those heavy drops as ATH - 1 and bottom as 0 to document how measurements of historic drops could define levels of forthcoming waves.
-93.75% capture:
2.272 made next ATH of 2013
1.618 defined the 2015 bottom
Similarly, -86.96% fib measurement defined:
Next ATH of 2017 at between 2.272 and 2.414
Level of 1.414 called the bottom
-84.22% drop:
This time 1.618 called ATH of 2021
Level between 1 and 0.786 made 2022 bottom
Logistic curve partially explains why forthcoming bottoms got close to the previous ATHs
The question is, could that be a sign of already saturated market which would cause btc to sidetrend making a long-term diamond pattern. Despite of Bitcoin being deflationary asset, the rate of growth has been slowing down, as the % of bullrun waves got smaller.
Knowing about positive correlation BTC and SP500, we can deduce that BTC wouldn't have grown if not for SP500. This dependence would be a venerability for Bitcoin, if AMEX:SPY drops in the nearest future.
Nevertheless, many authors in TradingView are optimistic about further growth. The fact that current price still holds at previous ATH levels, could indicate that crowd could be actually right.
So to estimate where it would stop, I'll use most frequent fib levels which defined both next bottoms and ATH's.
Levels are: 1.272, 1.414, 1.618 and 2.272
CRV/USDT upward journey from key support? 🚀CRV Analysis💎 Paradisers, brace yourselves for an impactful movement with #CRVUSDT. It's approaching a key resistance, hinting at a bullish opportunity ahead. Maintaining momentum at the $0.5668 level and securing a green candle closure above this point could set the stage for a bullish ascent to tackle the upper supply zones.
💎 Conversely, if #CURVE's progression falters, dropping below the $0.5668 threshold, our focus will shift towards the fallback position at $0.5092. The rich liquidity at this juncture offers a prime opportunity for a bullish resurgence.
💎 Stay alert: a breach of this secondary line of defense could signal a sharper downward trend as the market sentiment swings towards selling. Vigilance and prompt responsiveness to these market changes are crucial for trading success as we navigate the #CRV market landscape.
CRV/USDT bullish trajectory what next? 👀 🚀 CRV Analysis💎 Paradisers, get ready for an exciting trading opportunity with #CRVUSDT, perfectly positioned at a vital support zone, hinting at an upcoming bullish turn.
💎 Exploring #CURVE journey, after a bump against a major resistance, it's now climbing from a key support level at $0.7162. Staying above this level could very well pave the way for a bullish surge. Keep your sights on the next goal, the resistance at $0.8793, with a breakthrough potentially pushing the price up to $1.1246.
💎 If the drive behind LSE:CRV starts to wane, anticipate a bullish resurgence from the firm support at $0.6368. However, a fall beneath this pivotal point might signal a shift into bearish territory.
Reliance : Sit on the sell side before anyone else Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Curve Resistance
📌 Symbol/Asset: RELIANCE
🔍 Description: Reliance is near the resistance of curve on a weekly timeframe.
We can see correction of upto 15-20% from this prices.
Resistance is around 2990-3020 and Reliance stock should fall from these prices.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
🔥 Bonds Are Predicting A MASSIVE Crash 🚨The Bond Yield Curve, which can be calculated by substracting the US 2 Year bond yield from the US 10 Year bond yield, has been inversed for quite some time.
An inversion of the bond yield basically means that bond traders require higher returns on short-term bonds than on long-term bonds, which translates to short-term bonds being more risky than long-term ones. This only occurs when bond traders anticipate an upcoming crisis.
The inversion on itself is not necessarily bearish, but the "un-inversion" is very bearish. As seen on the white chart, once the line crosses the zero line from below, it has always predicted an upcoming crash.
With the Bond Yield Curve recently seeing a strong "bullish" move, it's likely that we're going to hit 0% in the near future. Consequently, this signals that a market crash is on the horizon.
Whether history will repeat remains to be seen. However, we had one of the strongest yield inversions in history, which doesn't bode well.
Do you think that a crash is coming? Share your thoughts and charts.
Yield Curve Bottom (10s minus 2s) This is called the "Steepener" trade and refers to a mean reversion in the yield curve. From current level of (-38 basis points, or -0.38%), I'm targeting a move back to 1.00%, or ~70bp, risking down to about (-45bp), or about (-13bp) downside.
Yield curve steepeners seek to gain from a greater spread between short- and long-term yields-to-maturity by combining a “long” short-dated bond position with a “short” long-dated bond position, while a flattener involves sale of short-term bonds and purchase of long-term bonds.
- CFA Institute