โด๏ธ Curve 333% | Update On Final Target (Important All Altcoins) A quick update to all my dear readers, supporters and followers; This is related to the Altcoins in general.
We are using the March/April 2022 price level as the top for this current bullish wave, while this can be truth in some cases, this projection is already being broken. Many pairs, way too many, are moving past this resistance zone.
So please update your planning and allow for anything to happen.
Too many pairs will be going ultra-bullish now and we don't want to repeat the same mistake as in years past of being too conservative with the final target.
โ As for Curve (CRVUSDT), we have a downtrend ending in a double bottom pattern.
โ We have a classic reversal signal: High bear volume in August yet volume is lower in September when the lower low is hit.
This sequence led to a rising channel.
This channel can be broken to the upside; This means that the upper boundary of the channel is very likely to break (strong rise).
๐ The targets can be seen on the chart, up to 190%.
๐ Another major resistance point can be found at $2.77 (333%).
Thank you for reading.
Namaste.
CRVUSDT trade ideas
CRV: Reminder This Pair Will Go Up Hard Soon.Hi Everyone! Simply reminding you CRV has a lot more room to move to the upside for its Sign of Strength event. It has not transitioned from Phase C into Phase D yet; like other pairs have. Same goes for MATIC. Both MATIC and CRV are still in Phase C. Many other alt-coins are in Phase D and still working on their Sign of Strength before eventually transitioning into a "Back-Up/Last Point of Support Period."
I simply wanted to provide this VIDEO publication to explain a few details about where we are in relation to Wyckoff Method 2.0. I hope this was helpful.
Happy Trading and Stay Awesome!
David
CRV / USDT - Bullish Momentum ContinuationTechnical Analysis:
Retest of Previous High: price has recently undergone a successful retest of its previous high, indicating a robust support level that could contribute to a sustained bullish trend.
200 Moving Average Breakout: The 200-day moving average has been convincingly breached, signaling a potential shift in the trend and attracting bullish sentiment.
Price Action and Trend Analysis:
The retest of the previous high coupled with the breakout above the 200-day moving average suggests a favorable environment for further upward movement.
Target:
Target: $0.7910
Risk Management:
As with any trade, consider implementing risk management strategies. Set stop-loss orders to protect your position in case of unexpected market movements.
CRV/USDT Back to try breakout or break down the ascending ??๐ CRV has been a major point of focus in the market, recently facing a tough rejection upon reaching the supply area. Observing CRV's movement within an ascending or bullish channel, it's clear that a recovery is needed for CRV to attempt another breakout of the supply area. Successfully achieving this could probability CRV towards our target in the strong resistance area.
๐ However, if CRV trends downwards and reaches the support trendline of the ascending channel, a robust bounce from this level is crucial to maintain the bullish trend. Failure to sustain its position at the support trendline and a potential breakdown of the pattern would indicate a shift to a bearish stance, suggesting a readiness for a downward move towards the support area.
๐ At the support level, it's essential for CRV to demonstrate a strong rebound and attempt to re-enter the ascending channel pattern. If CRV only consolidates at the support over a few days without a significant bounce, it could signal a continued downward trend, leading to a break of the support and moving towards the demand area.
CRV - 100% Move PossibleCurve recently has closed above (and is about to close a weekly candle) above our resistance level. The measured move would lead us to the highest point of the wedge around $1.20ish. The first major level of resistance of the entire move from bull market top to bear market low would be around $1.95 (0.236 fib).
CRV#CRV HTF
If looking at W chart - the price high probably will come to one of the strongest resistance levels - 0.8083$
Which in my opinion will not be that easy to break from the 1st time. So some rejection we may see.
Any pull back till orange box zone is a good chance to buy the coin. Or look for another long positions.
Because I expect another bounce from there and this time the coin probably breaks through the resistance and towards to another strong level at 1.2$ (n.1)
Where bear reaction is possible. (n.2)
If #CRV manages to close with the W body candle above 1.2$ then most probably the zone between 1.2 and 1.39$ will be consolidation zone for another moves.
If the market by that time will be Positive, we may expect uptrend continuation towards to 1.87$ etcโฆ
If the market turns out bearish, then the coin will dump back..
๐๐ CRV's Potential Breakout ๐๐
๐ป CRV in a Falling Wedge: CRV (Curve DAO Token) seems to be in a falling wedge on the weekly timeframe, but the pattern isn't entirely certain due to the shortness of the preceding wave.
๐บ Expanding Triangle in Shorter Timeframes: In the 4-hour and daily timeframes, CRV is moving in an upward expanding triangle (I will update the analysis with this pattern soon).
๐ 162% Move Possibility: A 162% upward movement for CRV can be envisioned after breaking the trend line and the resistance at $0.6456.
๐ฆ Strategy Recommendation: The best approach seems to be waiting for the breakout of the trend and the $0.6456 trigger.
๐ Volume and Candle Analysis: Currently, the volume doesn't confirm the movement trend, and the candles don't strongly indicate buyer presence.
๐ Set Alerts: Definitely set alerts if you're interested in buying CRV.
๐ Stop Loss Consideration: Though it seems large, the best stop loss might be below $0.4185, which is close to a 40% risk.
๐ Futures Trading: For futures, consider taking a long position after $0.6456 with a stop loss set in the 4-hour timeframe.
๐ In Case of Market Downturn: If the market drops, the yellow box will represent the new accumulation zone.
๐ Confirming New Primary Uptrend: To confirm the start of a new primary uptrend, we need to wait for CRV to reach $1.4554.
๐ Related Categories:
Pattern Analysis
Resistance and Support
Volume Analysis
Do you see a breakout in CRV's future? Share your thoughts and strategies! ๐ฌ๐ #CRVToken #CryptoAnalysis #TradeCityPro
๐ Remember: Investing in cryptocurrencies involves high risk. Always do your own research and consider your risk tolerance before investing! ๐ง ๐ผ