CRVUSDT trade ideas
CRV/USD - Curve about to break from the downtrend! 🚀With another push CRV can leave the downtrend represented by the resistance line at $1.4.
This 3-day chart looks quite bullish in my book, but the resistance is still firm into place.
However, the momentum favors bulls right now and should BTC not crash the whole market, strong alts like CRV are posed to have a stellar recovery.
MACD, RSI and OBV indicators are all bullish. Volume is rather flat, but buyers are in control so far.
Bias is bullish on this price action and expect some significant fireworks in the next few days. All eyes will be on $1.9 resistance if CRV breaks away.
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Technical Analysis Vocabulary!!!BINANCE:CRVUSDTPERP
Hello guys these are some of the trading terms/concepts I apply when trading;
1. BOS : Break of Structure - when price continues to break previous structure and at the same time continues the current trend. A line drawn from recent structure to the current breakout denotes the BOS.
2. CHoCH : Change of Character - when price changes its trend. A line drawn from the last high (for downtrends) or low (for uptrends) of the previous trend all the way to current price action identifies the CHoCH.
3. Liquidity : The buildup of stop orders residing on a trendline of equal highs, lows, trends, or wicks. This is money that can be taken out.
4. Bullish Order Block/Supply Zone : An area of the market where price fell from - highlighting the last bullish candle before the drop in price.
5. Bearish Order Block/Demand Zone : An area of the market where price rose from - highlighting the last bearish candle before the rise in price.
6. Consolidation : An area of the market where prices were oscillating in a corridor - highlighting indecisiveness in the market for that period of time.
- Joel.
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YFI step cuisine CRV def worth a long position and scoop.92 and .53 support from here. get some and realize the dark secret here is know one knew this or these projects would get as big as they have ie this much value locked in their contracts ius the genius of early crypto defi. ie much much easier to get on then off. this asset class will just continue to grow and grow and grow like mushrooms, if the conditions r rite, they just go n go.... My point is these "voting rite or whatever the new fandangle term being used is it still comes down to strait up voting shares. this strait up = controlling shares of this company.
no matter how many self yield and cross chain rapped token versions they come up with the fact remains, you vote with CRV (same with many projects like n esp YFI) for long term, control of these companies projects whatever, whoever controls majority of these tokens will run sh1t and get paid like it and thats that. if not rite away then some how someway this is the heart of these companies. control this you control the project and its stacked up liquidity.
✅TS ❕ CRVUSD: previous level✅✅CRV is moving to the previous level. Now the price has reached the resistance level from where the price can bounce down. ✅
🚀 SELL scenario: short to 0.86.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CRV is expected to rise in 5 waves or form a local double top.The following content is machine translation:
In the 4-hour chart, the trend has completed 3 waves of rising. Currently, the 5th wave is blocked at the completion of the 3rd wave. It breaks through the 3-wave high of 1.07 and is expected to complete the 5th wave.
The fast and slow lines of the indicator macd are repeatedly interspersed up and down the zero axis, showing an active performance. The RSI indicator is currently turning its head down near the overbought zone, and there is a possibility of a step back.
In terms of operation, you can wait for a breakthrough of 1.07 to do more, and look at the vicinity of 1.2. If it can't break through, it will form a local double top, and you can also try to go short, stop at 1.08, and look at around 0.9.
CRVUSDT is testing a key levelTheprice had a nice bounce from the weekly support on 0.52$ area and started with ascending channel until the 0.786 Fibonacci level resistance on the 4h Obrder block.
the market created a minor ascending channel and now the price is testing the resistance.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, we could see a retracement until 0.382-0.618 Fibonacci Level, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
CRV - Selling SignalBYBIT:CRVUSDT
4 Hours trend chart
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CRV cannot be supported from the uptrend anymore, also forms a small double top here.
We can plan a strategy to short at the broken candle, which closed point is 0.992, and set target/stop as below.
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Targets:
1) $0.962~$0.953
2) $0.932
3) $0.9
Stop:
1) $1.034
CRV - Update of the last idea Reasons to take short:
⭐️ BTC bearish
⭐️ Trendline is 8 days old
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ Had false breakout
⭐️ 7th touch
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
CRVUSDTHello my dear friends
I hope we have a profitable day today
In my opinion, if the downward trend line is broken and the movement trend is below $0.832, the possibility of a price decrease according to the scenario is very high!!!
It should not be forgotten that Ichi Moku has issued a signal to change the trend
Please share your opinion with us