CRVUSD.P trade ideas
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?
$CRV BEARS LOSE CONTROLobviously bears lost the downtrend
crv sliced through the 20 WMA like butter
next is the 50 WMA
I am expecting a return to the yellow box in the coming weeks
not ready to call it a bull market, but the stage is certainly being set for one.
good luck!
CRVUSD Broke its 1D MA200 but it's not a long-term break-out yetThe Curve Dao token (CVRUSD) broke on Monday above its 1D MA200 (orange trend-line) for the first time since February 10 2022, making a significant move towards the new Bull Cycle. Last week, the 1W RSI broke and closed above its own Lower Highs trend-line as well. However none of these break-outs can make investors feel safe yet.
The reason is that on the long-term, CRV has been trading within a Falling Wedge pattern that started forming back on the May 23 2021 Low! As a result, we are turning completely bullish on CRV for the long-term only when it breaks above the Lower Highs trend-line (that started after the February 08 High).
The target on a 3-month horizon is 1.6000 (just below the 0.5 Fibonacci level) and on a 12-month 3.7000 (just below the 0.786 Fibonacci level).
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HopiumI sold my $CRV in January but have never given up on $CRV. I am currently looking for re-entry with hopium for the long term. My fingers are crossed this turns into an adam and eve pattern as it would imply targets upwards of $20 if it does.
I'll be either buying when Bitcoin has another dump (sub 16k) and am hoping to buy in around the low .40s area OR alternatively I am waiting for some strength to return to Bitcoin and reassess.
Possible 50-100x returns on this one. Also high risk.
Crypto (CRV/USD) BULLISHView On CRV/USD (24 Nov 2022)
We had a strong pullback Up in CRV 2 days ago and the PA was just so good.
Now $0.55~$0.6 shall be a good support region and it shall go a lot higher soon.
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.
Curve DAO Token Prints Double RSI Bullish DivergenceThe Curve DAO token (CRV) appears to form a double RSI bullish divergence on the daily chart. The bullish divergence is a sign that the bearish momentum is fading off, clearing the way for possible reversal.
RSI Bullish Divergence
CRV's daily RSI is showing a strong bullish divergence against the short-term price and the long-term price action. In the short term, if we look at the technical picture, it's clear that while the price made lower lows, the RSI made a higher low which led to the formation of a bullish divergence.
The technical picture becomes more interesting if we compare the current swing low of $0.40 and the mid-June low with the equivalent lows in the RSI reading; we see that there is again a strong bullish divergence. CRV's price again made a lower low, but the RSI did not. Instead, it held above the mid-June RSI reading.
These two signals aligning together increase the probability of a reversal. The cryptocurrency may be in the process of putting a potential bottom in place, or at least a pause on the downtrend.
Looking forward: The first resistance comes around the $0.85 level, but only a daily break and close above the $1.00 significant psychological level can mark a more considerable shift in the market sentiment.
CRV 4H Bearish divergence on 4H chart on RSI and OBV could signal correction for now, and continue uptrend after
CRV with potential 4300% into 2025 alt seasonCRV has the possibility to gain 4300% from current price levels into the next alt season. We will watch this and consider actions around spring/summer 2023.
CRVVery simple ... Very clear
This is my personal opinion. Please do not trade based on my analysis and data.
CRVUSDanother look at crv
ihs pattern
longterm downtrend breakout
back above 1$ sooner than you think?
:)
CRV TRICK OR TREAT ? long term support broken, recaptured, and being tested
conditions for channel break out exist
macd histogram in positive territory with a bullish crossover
room for movement
CRV at strong support and top of descending channel (LONG?)Ive been watching CRV for some time now, and its been following this channel like clockwork for what feels like ages!
Its finally hit a critical point where its landed against a very strong support while also sitting quite close to the top of its channel.
If CRV rejects off the support and pushes up and out of the channel, i expect to see upside to about the 786 fib level ive designated in the chart (green arrow)
if, however, the support doesn't hold, we could potentially see a free fall!
CRVUSD completed the Inverted Head and Shoulders. Buy.Curve Dao Token (CRVUSD) is on a three day bullish streak, attempting to make contact again with the 1D MA50 (blue trend-line). Even though the short-term outlook in the past week has been bearish, we have a series of strong reasons to expect a bullish break-out in the coming days.
First and foremost, the price with the current rise seems to have completed an Inverted Head and Shoulders pattern (IH&S). The current Resistance is around 1.6120 and a break above should be considered as a bullish break-out signal targeting the 2.0 Fibonacci extension at 4.8190 on the long-term. As the chart shows, it is highly likely that this Resistance test will take place at the same time as a 1D MA200 (orange trend-line) test, which is intact since February 10 2022.
Secondly, the 1D MA50 has made a Bullish Cross with the 1D MA100 (green trend-line) for the first time since September 04 2021. At the time, that was an early buy signal into the big rally in the second half of 2021. At the same time, the MACD on the 1W time-frame has been on a Bullish Cross as well, for the first time since August 31 2021.
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