CRVUSD.P trade ideas
CRV price Ready To Jump To $1Rounding Bottom Reversal Opportunity: CRV's price action suggests a rounding bottom reversal, indicating growing momentum in the recovery rally.
Long-Term Trendline Breakout: A breakout from the long-term trendline marks an end to the bearish phase and signals a trend reversal.
Potential Rise to $0.70: Sustaining above the 50-day EMA could propel CRV's price to around $0.70.
Double Bottom Reversal Catalyzing Uptrend: A double bottom reversal has been fueling the current bullish trend in CRV price.
Breakout Above Dynamic Resistance: The price has successfully challenged and surpassed the dynamic resistance of the 50-day and 200-day EMAs.
60% Jump in 50 Days: CRV has seen a significant 60% increase in price within the last 50 days.
Current Trading Price: CRV is trading at $0.6679, showcasing an intraday growth of 3.17%.
Technical Indicators - MACD and EMA: The MACD indicates a bullish crossover, and a potential golden crossover in EMAs suggests an impending trend reversal.
Possibility of Reaching $1 in 2024: If the uptrend continues, CRV could potentially reach $1 in 2024, with a bullish pattern completion at $1.26.
Risk of Retesting Lower Levels: A reversal below $0.62 could extend the downtrend, potentially leading to a drop to $0.55.
$CRV - 4h - Relief bounceTrying to catch the short term bottom on this one. There are multi time frame confluences and a clear invalidation for 2.4R
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.
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Here’s How CRV Can Rise To $1!CRV price action indicates a positive reversal in a bearish channel.
Strong overhead resistance at the $0.60 mark.
If CRV sustains above the 50-day EMA, it could rise to $0.70.
CRV is trading at a 99.16% discount from its all-time high of $60.50.
Short-term trend for CRV shows signs of improvement.
CRV price reversed from the $0.40 mark.
Current price surpasses the 50-day EMA but struggles to sustain.
Overhead resistance at $0.60 is the next barrier.
Technical indicators are optimistic about the upcoming trend.
MACD shows a bullish gap post-crossover.
RSI has risen from the oversold zone.
A potential breakout at $0.60 could push CRV to $0.80 and eventually to $1.
CRV Short squeeze Currently there is news going around CRV founder sold tokens, while having an handshake otc agreement with other buyers. These buyers seem to be off loading as price is now near there otc purchase price.
Retail is all over this news. Excessive shorts have been entered giving exchanges and market makers a perfect setup for a short squeeze.
CRV - Looking interesting
Curve DAO may have finished an Elliott Wave cycle, with a possible completion of Wave 5 (black) / Wave C (blue).
Price action is still not convincing to the upside, but I´m watching smaller timeframes for a reversal.
There is also bullish RSI divergence on the daily.
This scenario invalidates below 0.4011.
CRVUSD | Bearish | Potential IdeaCRVUSD
Bearish
Zone : 0.75589457
SL : 0.78440064
TP : 0.65969132
BE : 0.74715269
✴️ Curve Goes Bullish ($1.11 Easy, $2 Target Possible)We have a mixture of interesting signals here on the Curve (CRVUSD) chart... Join me!
Yesterday we had a nice jump with a full green candle that managed to close above EMA50, opening the doors for mid-term bullish potential.
This is supported by above average volume and a strong RSI.
At the same time we can see a local descending channel being broken; a downtrend broken as an old uptrend resumes.
The targets are as follows for this bullish wave that is now developing:
1) $0.90 can happen easy and fast.
2) $1.11 is the main resistance to break for higher prices.
3) $1.26 can also work as resistance on the way up and if conquered, the higher high can lead to $2 if the bulls are strong.
This is not financial advice.
Remember to do your own planing, your own research...
Remember to like, follow and comment!
Thanks for your support.
Namaste.
CRV - Wave Count UpdateThe primary count worked out beautifully, and green wave 4 finished in the confluence of green resistance and 50% pullback.
Now, green wave V seems to be finished, which corresponds to blue wave 3.
I expect blue wave 5 to the downside to begin very soon.
Crypto CRV/USD (Possible bounce?)
View On CRVUSDT (16 June 2023)
CRVUSD is in
* Bearish in short term (Intraweek)
* Bullish in Mid term (1 to 3 months)
* Bullish in Long term (3 months onward)
CRV has been under the bearish control for a while and it touched near a strong support 0.5~0.55 region.
The volume traded is rather hugh too.
Now we may see some rebound.
It shall easily swing back UP to 0.65 and 0.70 possibly.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
CRV - Further downside expectedPrice action that began mid-November has an impulsive look, which leads me to consider that the drop from the last 3 months is a zig-zag correction (black ABC).
Zig-zags have 100% extensions as high probability targets, which would take us down to at least 0.6267.
My primary wave count considers that re are currently in the middle of light blue wave 3, and expect further downside soon.
CRV Outlook - Short, then 🚀 (long)There has been a strong bullish trend for crypto during the first part of the year - this can be analyzed as a typical elliott wave impulsive move. This more recent counter trend looks like an ABC correction - perhaps a higher degree wave 2.
The completion of this visible gartley harmonic could indicate a good entry into a strong impulsive move, especially if this can be counted as a C wave.
Any way... in the near term - next week or two - we could see more red. But, the gartley might provide a nice entry before the higher degree wave 3 rocket takes off.
CRVUSD PRICE PREDICTION -SUPPORT AND RESISTANCE -SIDEWAYS MARKETCRVUSD is not currently following any trend showing the market is currently moving in sideways direction. Support and Resistance concept comes into play in such scenarios. As Support and Resistance are meant to be broken so I have placed Sell Stop and Buy Stop orders at the breakout of support and resistance levels respectively. Sometimes, market crosses first Support and Resistance level and then move back so I have used breakout of 2nd Support and Resistance levels as my possible entry points.
TRADE PLAN:
REWARD: 2%
{
(TRADE 1 (Sell Stop) : 6153.9 : approx USD 89.91 (REWARD),
(TRADE 2 (Buy Stop) : 2996.7 : approx USD 89.91 REWARD)
}
RISK: 2%
{
(TRADE 1 (Sell Stop) : 6153.9 : approx USD 89.91 (RISK),
(TRADE 2 (Buy Stop) : 2996.7 : approx USD 89.91 RISK)
}
Crypto CRV (Gonna go UP?)View On CRV/USD (28 Feb 2023)
Follow our analysis on CRV on the last Nov? 24 Nov to be precise.
Our bullish stance on this crypto worked pretty well.
It went from $0.55 range to $1
Now we are still bullish overall using $0.90 as strong support region.
It shall retest $1.25 or even higher this time.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
CRVUSD - Crypto | Bullish TrendCRVUSD is a Crypto coin and it is showing a Bullish Trend with HHs and HLs . It is expected that this trend will continue further.
crvThe CRV currency is ready for a big jump
Targets $10, $30, and $50
It is a very interesting currency to hold
CRV DAO Token vs regulatory uncertaintyCRV is one of the OG defi tokens famous for the "Curve Wars" that attracted millions/billions of dollars in TVL during the bull market. Now it is cross-chain and has both L1 and L2 solutions on Avax, OP, Eth, etc. I think it'll do well in any future bull market. The downside is that it fits squarely in the anti-staking narrative which is dominating the news cycle now. Does the phrase "Buy when people are fearful?" apply to crypto?
Bull Scenario
Recently it's bounced off this level a few times, so it's worth looking into a long position anywhere above .85.
A new indicator I like to use: On-Balance Volume (OBV) seems to be ticking upwards, indicating accumulation using more sophisticated or long-term buying methods.
Bear Scenario
If it loses the .85 levels, we could see the buyers from Jan 1 take respectable profits and then this idea is invalidated and we could see a drop back down to Dec lows.
Curve 3rd stair (scalp)Curve looks like its going to build a third stair here following the trend of the last two on a shorter timeframe - seemingly. looking to take a quick 10% additional on this breakout, im up 5% on initial buy in a few hours ago and just added to the position for the next possible 5-10% move, though im not attached to this trade and im ready to bail at any time. FYI
Longer term looks like this could reach $1.20 + on this breakout. I wont be here for that though haha.
$CRV STRONG SHOWINGCRV showing signs of strength
the market seems to be reshaping
can it continue?
or will it need a rest?
