CRVUSD trade ideas
CRVUSD FractalPlaying around. Reversed the fractal on the initial drop. The fib was already set and hits that 2.618 nicely.
CRV/USDhere we have really hard resistance area which price has argue with it for near 90 days and one FO
i think eventually it can break out.
what do you think please comment, thanks.
CRV has demonstrated good moving in the last 24 hoursDuring the last days we have seen increase in demand of smart contract coins and tokens. One of the most successful booming demand has been MATIC. MATIC rate of price change is extremely higher than CRV in the last week (almost 45 time higher), but CRV with limited number of available coin will grow and touch higher price in the high demand and low supply smart contract coins market.
Now CRV chart shows a bullish behavior. And currently is moving under the EMA200 which is a good news for pushing it up. As chart represents, a Doji Star candle on April 25 which reversed the bearish trend to bullish push the chart to the EMA200 since 28 hours ago. Regardless of the uncertain situation in Bitcoin and its effects on the altcoin market, CRV looks good for stepping in and some indicators such as MACD and RSI support the bullish behavior.
In the bottom line I would say although the previous daily candle closed with good volume, I would prefer to see more volume in the first 4 hours candle which is a little low. Personally I don’t trade these days and I just observe the market as long as Bitcoin doesn’t show a sustainable behavior.
Good spot for Bear trade CRV has broken its upward trend line
Can see some Consolidation before we see a possible target at the lower support 1.748
CRV - this was the dipIf you are not buying CRV on this retrace just before expansion I dont know what to tell you. High confidence on this retrace
Go with the Trend The Trend is clearly Bullish
The price is in a nice position to make a Trade,
Set your Target area to be around 4.650 which is also its Resistance
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CRVUSD - good buy area comingCRV broke out yesterday... looking for a dip and a good buy at ~$3.55 before she slingshots back up
tg
Curve: Massive BreakoutTo stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com
With DeFi largely underperforming its peers over the past few months, it comes as no surprise that we're starting to see bullish momentum rotate back into the space over the past few days. This is evident when looking at DeFi's total value locked (TVL), which just jumped from $52.5B on Monday to today's reading of $59.8B. Curve (CRV) is among the various DeFi plays that appear to be regaining bullish momentum...
Curve is a software that uses multiple cryptocurrencies to operate an automated market making (AMM) service focused on stablecoins (cryptocurrencies programmed to mimic other assets). One of a number of emerging decentralized finance (DeFi) protocols built on Ethereum, Curve facilitates trading not using a central order book, but rather pools of cryptocurrencies provided by users, who in turn can earn fees through their deposits. Like Uniswap or Balancer, Curve gives cryptocurrency users a way to earn fees on their assets, while letting traders buy and sell those assets at potentially better prices. What sets Curve apart from similar platforms, however, is its focus on markets for stablecoins like Maker and USDT, meant to track the price of U.S. dollars, as well as stablecoins like wBTC and renBTC designed to track the price of Bitcoin. Because of the variety of options on the market, each with its own level of risk, Curve’s goal is to allow stablecoins to be traded with low fees and minimal variation in price.
Ok. The technicals. CRV's +25% rally today has pushed the cryptoasset to a new YTD high and through the $3.65 breakout price of a bullish cup & handle pattern formation. Although it's unclear whether CRV will be able to hold above $3.65 and continue trending higher, this breakout could most certainly transpire to a new parabolic uptrend for CRV. To get an implied price target of the cup & handle, first we measure from the lowest point of the cup to the breakout price ($3.65). Then we use that distance to extrapolate from the breakout price. By doing so, we'll find that CRV's implied target is roughly $7, or a +75% gain from CRV's current price of $4. Needless to say, things could most certainly get interesting from here on out...
CRV: Massive PotentialCRV truly has massive potential for growth. The section of the chart that I'm showing here is only a small portion of the last couple months. However, there is a MASSIVE cup and handle playing out as the big picture.
I could see a potential breakout happening in the next week or two here. A $5 target is not unreasonable once we've moved up.
It'll be interesting to see how this plays out...
This is not financial advice. These are only my ideas and opinions.
CRV...........Hei !
Finally CRV starts going up.
Wait for this resistance line, If it hold this one. then you will see rally.
Do not forget, ATH was 60 USD.
CRV cup and handle breakoutCRV looks to have broken out of the cup and handle pattern I mentioned a few days ago.
There still looks to be some resistance around 3.80 USD, but if that breaks, 4.40 USD looks to easily be within reach and beyond. There also looks to be no red flags indicating a fake out from MACD and RSI from what I can tell, so it looks like the largest risk I see is if BTC loses support, as no trend is guaranteed and all bets are off if BTC breaks (would love to hear your thoughts if you see something otherwise, so please leave a comment if you disagree). Otherwise, CRV definitely looks to be an alt to keep an eye on in the next few days.
CRVUSD - follow the channelCRV is in a nice upwards channel and is looking to take the next leg up.
Do or die time is ~ 4/22/2021
tg
CRV cup and handleCRV looks to be another alt showing a cup and handle pattern.
There is still some room for CRV to continue sideways or even downward (as indicated by the wedges with green lines and green dashed lines), but it looks like it is maybe one more alt that could be heading upward out of the cup and handle pattern soon or continue to form into a wedge in the short term.
