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Curvedaotoken

Curve DAO CRV price analysis🤑 Did it really happen?) CRYPTOCAP:CRV price has finally “really” come out of the 3-year down trend. A confident breakout, on high volumes, "just like a book says". 💰 Now OKX:CRVUSDT price has hit the mirror level, so we can assume that the correction may be delayed to gain strength to break higher. A correction in the range of $0.43-0.67 fits into the canons of wave analysis and will not break the structure and growth trend. And the global 5th wave of growth #Curve DAO token can be expected at least to $4.10-5.50 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
CRV appears to breaking up from double bottom necklineIf you zoom in you can see the previous daily candle closed on the neckline with exact body support and now the current candle is having a nice bullish impulse, which suggests that it could validate the double bottom relatively soon. If it has a few days of correction n this zone it will also form a right shoulder to an inv h&s pattern that would then materialize with a neckline slightly above this double bottom neckline as I hypothesized my previous curve idea which I will provide a link to below. That inv h&s pattern would then have a slightly higher breakout target than this double bottom will should it materialize. For now the double bottom is the one to focus on as it seems very close to validating. Curve is likely overextended at this point so it could easily go back and forth on the neckline here before the real lift off. *not financial advice*
COINBASE:CRVUSD
by DrDovetail
CRV potentially breaking above a Double bottom neckline hereCurve like any other altcoins has responding very parabolically to its goldencross. It has now gone above a potential double bottom neckline, however, as much as it has pumped recently I would not be surprised to see it correct back down below this neckline for a bit. If it does that it may form another neckline slightly higher for a potential inverse head and shoulders pattern. If it does just continue up fro here instead then the target shown on the above chart is the ost probable one to expect. *not financial advice*
COINBASE:CRVUSD
by DrDovetail
#CRVUSDT In a Perfect Setup to Rally From the Support ZoneYello Paradisers, ready for a potential #CRV rally from the key support zone? Let's look at the latest analysis of #CRVUSDT and see what's happening: 💎 LSE:CRV is currently hinting at a bullish continuation from a critical support zone at $0.245. We’ve been watching #CurveDAOToken closely as it follows a falling wedge pattern, and now it's broken above the descending resistance line. Internal resistance at $0.408 is the next target for CRV. 💎If #CRVUSDT holds strong at this level, we could be on the verge of a significant bullish rally, echoing previous trends. A breakout above the key resistance at $0.408 might set the stage for a run toward the next resistance zones and beyond. 💎However, caution is essential. If the momentum falters at this critical support, we might witness a rebound from the lower support area around $0.18–$0.20. 💎Stay sharp and keep a close eye on #CRV price action. A daily close below the demand area could invalidate the bullish scenario and open the door to further declines. Remember, the market rewards those who stay focused and follow their strategy. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
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 !)
by P_S_trade
2
Can CRV make 10x move?BINANCE:CRVUSDT kept making lower lows but doesn't mean it is not gonna go down more. In my opinion BINANCE:CRVUSDT trading in bullflag pattern which is a sign of reversal and checked bottom line 3 times which we can consider as triple bottom. 0.48-0.52 area is crucial which can decide either go up or make another low, but most importantly BINANCE:CRVUSDT must break upper trend line in order to make 10x move. Also MACD making huge Divergence in 1W TF and great amount of Volume coming in lately. I will be taking profits at those green lines.
Long
by terayu
1
When is it gonna happen?As we know BINANCE:CRVUSDT made all time LOW last week, but couldn't able to close a candle below old LOW which is at 0.34. Some might say BOS happened last week, but there are few things that I noticed and still considering LONG-FUTURES trade. 1. Multiple BOS happened since June 2022 somehow couldn't able to close a candle below. 2. MACD Divergence 3. Liquidity movement 4. Volume looking decent and increasing. 0.5 is a minor crucial zone which can decide either long or short. If BINANCE:CRVUSDT able to close a candle above 0.9 will be a huge confirmation to continuously go up even to make higher high in 1W TF.
by terayu
$CRV range $.28 bottom, to retest $4.32?LSE:CRV looks like it's coming to the end of it's downtrend. It looks like we're bottoming in a wedge and that price should test the bottom of the structure prior to breaking out. Should this happen, price should bottom around the $.28 level and then I think after that, we're likely to break out of the structure to begin the next bull move. I think it's likely that we go retest the 50% retracement at a minimum up at $4.32 after we breakout of that wedge. Let's see how it plays out.
COINBASE:CRVUSDLong
by benjihyam
7
CRV/USDT bullish horizon from demand? 🚀CRV Analysis💎 Paradisers, prepare for an exciting trading opportunity with #CRVUSDT, poised for a bullish breakout from its current demand zone. 💎 As we delve into #CurveDaoToken, after a brief deceleration at the supply level of $0.5797, our sights are now set on a potential bullish leap from the demand level of $0.5414. This opportunity is bolstered by significant liquidity, presenting a robust scenario for a bullish reversal. Maintaining strength at this level could be the foundation for the bullish journey we anticipate. 💎 If momentum for LSE:CRV starts to wane, our strategy shifts to seeking a powerful bounce from the firm demand level at $0.5074. However, a descent below this crucial point may signal the onset of a more substantial bearish trend.
Long
by MyCryptoParadise
2
Curve DAO CRV price perhaps it's time to surprise the hodlers?)Today, we are going to give you a medium- and maybe even long-term idea for the CRVUSDT price to make it easier to follow. Recently, the CRV price has finally managed to show some growth and break through the trendline. Now, theoretically, price may be testing trend line "strength". If everything goes well, and the CRVUSD price is not allowed to fall below the critical level of $0.50 , then there is a chance for growth. The minimum upside target is $1.30 per CRV The maximum target (with the current input data) is around $2.50 Fundamentally, the Curve Dao project is strong, the creator has a mathematical mindset, if only he had a team of marketers like memecoins, then everything would go where it should)
by P_S_trade
3
CRV/USDT in Perfect Position to Climb? 👀🚀CRV Analysis💎Paradisers, let's delve into the latest on #CRVUSDT, showcasing significant market activity with a recent breakout from its descending channel pattern. 💎Presently, #CurveDAOToken is making strides toward the descending resistance, originating from the demand zone. This sets the stage for a potential price rebound from this zone, eyeing an ascent with the bearish Order Block (OB) as its subsequent target. 💎If LSE:CRV does not manage to rally and instead descends below the demand zone, we might witness a fallback to the Bullish OB vicinity around the $0.5018 mark, where it could seek a renewed drive for an upswing. 💎The Bullish OB zone has historically been a catalyst for notable recoveries upon engagement. Yet, a compromise of this zone, signaling a shift to bearish trends, may necessitate a pursuit of bullish momentum from a diminished base. 💎In the event #CRV doesn't leverage the momentum from this or a further reduced level, a continued decline is likely. Rest assured, Paradisers, your ParadiseTeam is on standby, prepared to navigate you through these intricate market dynamics.
Long
by MyCryptoParadise_Simon
2
CRV: Channel UpTrade setup : Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$0.60) and exit near Channel resistance trendline (~$0.75). Stop Loss (SL) at $0.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend. Curve (CRV) is a well-established DEX used primarily for swapping of stablecoins. Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. 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 : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.55 (previous resistance), then $0.40. The nearest Resistance Zone is $0.75, then $0.90.
Long
by altFINS
CRV: Channel UpTrade setup : Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$0.60) and exit near Channel resistance trendline (~$0.75). Stop Loss (SL) at $0.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend. Curve (CRV) is a well-established DEX used primarily for swapping of stablecoins. Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. 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 : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.55 (previous resistance), then $0.40. The nearest Resistance Zone is $0.75, then $0.90.
Long
by altFINS
Curve Finance Approves $49M Payout for July Hack VictimsCurve Finance community votes to reimburse $61 million in losses from July hack, ensuring trust in decentralized finance security. The decentralized finance (DeFi) community of Curve Finance has taken a decisive step toward addressing the aftermath of a significant security breach in July. In a recent development, most of Curve’s token-holders, accounting for 94%, voted in favor of a plan to reimburse liquidity providers (LPs) who were financially impacted by the $61-million hack. This approval, confirmed through on-chain data on December 21, sets the stage for distributing over $49.2 million worth of tokens. The proposed reimbursement scheme is designed to cover losses across several pools, including Curve (CRV), JPEG’d (JPEG), Alchemix (ALCX), and Metronome (MET). This calculation considers the Ethereum and CRV tokens present in these pools before the hack and the CRV emissions that LPs missed out on in the ensuing months. The Curve community fund will provide the necessary CRV tokens for this compensation. The final sum also accounts for the tokens that were recovered post-incident. Curve Finance Community Votes on Post-Hack Reimbursement Plan The security breach that triggered this series of events occurred on July 30, exposing vulnerabilities in various DeFi protocols and raising concerns about their impact on the broader crypto ecosystem. Curve’s total value locked (TVL) was nearly $4 billion. The affected pools included alETH/ETH, pETH/ETH, msETH/ETH, and CRV/ETH. Although a significant portion of the stolen funds was recovered, the affected pools still faced a deficit due to the actions of Maximal Extractable Value (MEV) bots. The Curve proposal aims to rectify these shortfalls and ensure that affected LPs are made whole. The identified vulnerability was in stable pools utilizing certain versions of the Vyper programming language, commonly used in DeFi protocols for its compatibility with the Ethereum Virtual Machine. Versions 0.2.15, 0.2.16, and 0.3.0 of Vyper were found to be susceptible to reentrancy attacks, which the attacker exploited. Curve’s Response to Incident Strengthens Community This incident and the subsequent response by the Curve community highlight the evolving challenges and responsibilities faced by DeFi protocols. It underscores the importance of robust security measures and continuous vigilance against potential vulnerabilities. The Curve community’s proactive stance in addressing its members’ losses is significant in building trust and stability within the DeFi ecosystem.
COINBASE:CRVUSDLong
by DEXWireNews
CRV Curve DAO Price TargetIf you haven`t sold CRV here: Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is CRV Curve DAO . I've set a short-term price target for CRV Curve DAO at $0.44. Looking forward to read your opinion about it!
Short
by TopgOptions
CRVUSD Bullish break-out on the short-termCurve DAO Token (CRVUSD) broke above the 1D MA50 (blue trend-line) for the first time since July 30, with the 1D MACD breaking above the 0.00 neutral mark. The long-term pattern is a Channel Down since the February 21 High, which hit the November 22 2022 market bottom on its last Lower Low (September 13 2023). Every 1D candle closing above the 1D MA50 following a Lower Low has seen a bullish extension towards the top of the Channel Down. Last time (July 14) it broken marginally above the 1D MA100 (green trend-line) and almost touched the 1D MA200 (orange trend-line). We are bullish, targeting 0.6000 (1D MA100) unless the MACD makes a Bearish Cross first. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:CRVUSDLong
by TradingShot
2
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
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
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
CRV price - "Inverted Head and Shoulders" pattern on a chart ?Today we will analyze the price movement of CRVUSDT on the global chart. It can be assumed that the global "Inverted Head and Shoulders reversal pattern" has been forming on the CRVUSD chart for the past year. At least, the price structure and the falling trade volumes from the left to the right shoulder correspond to those described in the Encyclopedia of Trading Patterns. A surge in trading volumes should occur after the price of CRV tries to break through, and hopefully breaks through and consolidates above the $1.18 level . As you can see from the trading history, there was a lot of struggle between buyers and sellers around this level. But before that, buyers need to break through and gain a foothold above the local level of $0.80-0.82. Buyers have a lot of work to do to revive speculators' interest in the CRV Well, after the CRVUSDT price is firmly established above $1.18 , the Inverted Head and Shoulders pattern will finally activate. At the same time, the long-term target for the growth of the CRV price, which is in the range of $3.50-4.50 , will be activated, and we were remembering the average - $4 per Curve DAO token. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
27