CRVUSDT trading opportunity with Key Zones to Watch!We're currently witnessing intriguing dynamics in the CRVUSDT chart after the recent breakdown from a rising wedge pattern, bearish sentiment seems to be in play, but there are specific zones we should take note of.
CRVUSDT exhibited a classic breakdown from the rising wedge pattern. The base of the rising wedge is now our immediate focus. As we approach this zone, it could serve as a strong support level. For those with a bullish bias, this could be an area of interest for potential long entries.
However, a word of caution, if the price decisively breaks below this wedge support, it will flip roles and become a strong resistance.
In such a case, shorting the pullbacks towards this new-found resistance could offer lucrative opportunities, with targets pointing towards the Potential Bear Target as shown on the chart.
Moreover, on the flip side, higher on the chart lies a significant lateral resistance zone. This region has proven to be a thorn for the bulls previously. If at any time, the price manages to pierce through this zone with conviction, we might be in for a bullish reversal. Keep a hawk's eye on this!
With both bearish and bullish scenarios on the horizon, it's vital to be nimble and trade based on confirmed signals.
As with all trades, make sure to employ stringent risk management and await confirmations before making entry decisions.
Happy trading.
CRVUSDT trade ideas
CRV/USDT ENTERING NEW HIGH VOLUME TRENDThe last data shows that CRV/USDT has a good chance to create a new volume in the coming time frames, we will follow up to see if this coin is able to have confirmation in the coming time frames.
CRV/USDT has a history of breakdown trends, we will follow the coin to see if this is the reversal trend. The last data shows a high chance of volume building for this coin.
Can CRV make 10x move?BINANCE:CRVUSDT kept making lower lows but doesn't mean it is not gonna go down more. In my opinion BINANCE:CRVUSDT trading in bullflag pattern which is a sign of reversal and checked bottom line 3 times which we can consider as triple bottom. 0.48-0.52 area is crucial which can decide either go up or make another low, but most importantly BINANCE:CRVUSDT must break upper trend line in order to make 10x move. Also MACD making huge Divergence in 1W TF and great amount of Volume coming in lately. I will be taking profits at those green lines.
CRVUSDT Is Approaching The TrendHey Traders, in today's trading session we are monitoring CRVUSDT for a selling opportunity around 0.31 zone, CRVUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.31 support and resistance area.
Trade safe, Joe.
CRVUSDT Is Approaching The Down TrendHey Traders, in today's trading session we are monitoring CRVUSFT for a selling opportunity around 0.2970 zone, CRVUST is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.2970 support and resistance area.
Trade safe, Joe.
CrvCurve dao
One of the most useful altcoin projects on eth and its a mystery to me that it could become this undervalued
I guess the luna fiasco with stablecoin depegging still hasnt returned faith in this products use if other stable coins were also to fail, nonetheless its one of the most simple useful mechanisms in the space..
Think we reclaim the 40c range eventually and this zone is the Elliot deviation but we shall see..
CRV analysis: Looks bullish for mid-termLSE:CRV has been consolidating within a triangle pattern for almost four years, and it is now on the verge of breaking out either above or below this pattern. It is most likely to be a bullish breakout, potentially moving upward toward three main targets specified on the chart: $0.90, $1.65, and $4.48 over the next few months.
CRV and how to SHORT ! This is a perfect rounding type DISTRO that I teach to my all freedom trader friends,
Its a perfect setup for shorting and gives you ample time to establish a plan and get an entry using the frontside highs as stops.
Just check my charts for DISTRO setups you will be amazed how simple trading can sometimes be.
Recap ---- CRVAfter a short rebound, bears appear to be strengthening again. 10 days ago, we talked about CRV. Because Curve founder Michael Egorov used a large amount of CRV as collateral to borrow money, CRV faced a large amount of liquidation after the price fell.
After triggering some liquidations, we saw some traders start buying CRV at the bottom. But judging from the candle chart, the recovery for liquidation is slow. We have observed Curve’s community and related tweets, and it seems that the community wants the sword of Damocles to fall, causing Michael to completely lose his collateral position.
Currently Michael still has a $3 million position in UwU with a health rate of 1.25. It is roughly estimated that liquidation will be triggered when the price approaches 0.25 again. If you are an event-driven trader, then you need to keep this price in mind.
From an indicator point of view, the TSB indicator once again prompted the SELL signal two days ago, which means that CRV will start to fall again. Combining all the information above, opening a short position at this price has a high profit-to-loss ratio.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
CRV/USDT An interesting assetThis project is worth your attention. The asset has been on the sidelines for a long time and is accumulating. A descending wedge has formed, the exit from which indicates further growth. Considering today's situation, it can start its growth
Buy - 0,64 $
TP1- 1,15$
TP2- 1,6 $
TP3- 2$
When is it gonna happen?As we know BINANCE:CRVUSDT made all time LOW last week, but couldn't able to close a candle below old LOW which is at 0.34. Some might say BOS happened last week, but there are few things that I noticed and still considering LONG-FUTURES trade.
1. Multiple BOS happened since June 2022 somehow couldn't able to close a candle below.
2. MACD Divergence
3. Liquidity movement
4. Volume looking decent and increasing.
0.5 is a minor crucial zone which can decide either long or short. If BINANCE:CRVUSDT able to close a candle above 0.9 will be a huge confirmation to continuously go up even to make higher high in 1W TF.
SHORT #CRVSHORT #CRVUSDT from $0.307
1h TF. Earlier, the structure was scrapped for a downward one for LTF, in order to roll back, they went up and formed an inclined level that they had already broken through, before the breakdown, price manipulation over liquidity from above is visible, which tells us about the further distribution of positions by a major player.
A cascade of levels is formed from below (2158.0; 2131.5) behind which I expect to see the feet of longists who act as a magnet for the market maker.
I expect the price reaction from the broken slope to decrease the price in order to continue the downward structure and remove the cascade levels
CRV 3X LONG - VERY RISKYIf anybody has an appetite for risk - leveraged tokens are a way to get into that.
You may know the official story behind the CRV drop out
There are always some bullish cases for a reversal to the previous highs.
I wouldn't bet more than my lunch money on this ..but this is me.
Lack of Trust ---- CRVOn June 13, the drop of CRV led to the liquidation of nearly $34 million lending positions of its founder Michale Egorov. In 2023, Michale Egorov’s position will also face liquidation risk. It ultimately conducts CRV OTC transactions with institutions and whales to obtain liquidity and reduce the healthy rate to avoid liquidation. But it happened again.
The community suspects that Michale Egorov actually cashed out a large amount of CRV through borrowing and squandered the in the real world. Curve has become one of the DeFi protocols with the highest TVL due to the introduction of the ve mechanism. Curve pools have also become a swap method that traders like to use. However, a good project is controversial because of the founder's behavior.
So far, Michale Egorov has brought the healthy rate of the position back to above 1 through OTC or active liquidation. But the price of CRV has not repaired the drop caused by liquidation. And in the Curve community, there is a voice that hopes that all Michale's positions can be liquidated. Lack of trust is CRV’s biggest resistance.
From an indicator perspective, we can see that the TSB indicator can always prompt opportunities before CRV pumping. And the most recent one happened on June 11, and again shortly after that the liquidation happened. We believe that based on Michale Egorov’s behavior and the mechanism of veCRV, CRV will continue to maintain a downward trend in the long term. You can use the TSB indicator to capture short gains.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
long on crv.ok guys the plan is simple buy CRV and stake via convex for that sweet sweet 20% apy. that ways while waiting for the trade to play out ur staking and increasing ur gains while mitigating ur losses (apy gives u crv and convex tokens). any ways heres some pattern analysis.
as most channels go you have a top res and a bottom support. Trading channels are quite useful in graphically depicting support and resistance levels. Most traders often rely on them in identifying optimal levels to buy or sell a specified security. Technical analysts can also follow any of a number of patterns that may occur within a channel to discern short term directional changes in market prices. Trading channels, however, provide one of the most important overlays that a technical analyst will use for long-term analysis and trading decisions. pretty simple stuff.
so using the long term out look to give a bit of time for that sweet sweet apy to cook we should at minimum make a 25% gain or at best case scenario a staggering 800% gain. gl bois.