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CRV / UST

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CRVUST trade ideas

CRVUSDT Potential Consolidation and Upside Breakout in Sight💎Currently, #CRVUSDT has reclaimed its position above the demand area and the 50 Exponential Moving Average, indicating a positive shift in the price action. Furthermore, the price remains above the uptrend trendline, while the downtrend trendline has yet to be tested. This consolidation between the two trendlines suggests a period of potential consolidation until a decisive breakout occurs, either to the downside or the upside. 💎However, based on recent price movements, the probability now favors an upside break, which could lead to a notable surge in #CRV. Chart analysis reveals the presence of three Fibonacci-based resistance levels. It is crucial to closely monitor the second resistance level, which aligns with the 261.8% Fibonacci retracement level. This level holds significance for two reasons: it is a double Fibonacci level, confirmed by the 261.8% and 61.8% Fibs, and it coincides with the psychological round number of $1.00. 💎Naturally, if #CRV experiences a confirmed daily break and closes below the recent lower low, our bullish outlook would be invalidated, potentially inviting more selling pressure. However, as long as the price remains within the established trendlines, the potential for an upside breakout remains. Stay alert, Paradisers, as we closely monitor #CRVUSDT and await the decisive move that will shape its future trajectory.
Long
by MyCryptoParadise
CRVUSDT: Breaking the Rising Channel with Bullish Momentum. 💎Recently, #CRVUSDT surpassed the boundaries of its ascending channel, signaling a positive price action. This development has resulted in a change of the mid-term trend from bearish to bullish, increasing the chances of another upward wave. 💎We observe how the previous supply zone has transformed into a demand area, and the current pullback presents a compelling risk/reward opportunity for potential buyers. However, it is important for #CRV to hold its position above this demand area to validate the bullish scenario. Only then, we can anticipate at least one more wave to the upside, with the price targeting a significant resistance area around $0.86. 💎Conversely, if the price breaks below the current support level, it may lead to a continuation of the pullback, potentially reaching the uptrend trendline or the Volume Profile support at $0.67. Regardless, the current probability favors a continuation of the uptrend, and the MCP team is actively preparing to seize potential opportunities.
Long
by MyCryptoParadise
The idea of a long position on Curve.fiLet's look at this great opportunity to take a long position. CRV/USDT is looking bullish. There are excellent entry zones - green areas on the chart from which you can take a long position. I took some from the current values but there is a possibility that we will go a little lower where I will add my position. I wish you a nice ride on the CRV. DISCLAIMER! All that is written in this text is not Financial Advice. You, take all the risks associated with trading and investing in the cryptocurrency market - on yourself! Only you and no one else is responsible for your capital and your actions. Only you are responsible for your finances and your actions!
Long
by DigitalCapital_
Key Factors in #CRV's Mid-Term Outlook💎 The mid-term trend for #CRVUSDT is undergoing a shift from bearish to bullish. This transformation is supported by the recent price action, which has witnessed the formation of higher highs and higher lows. Adding to the positive outlook, the Volume Profile level has transitioned from acting as resistance to becoming a support zone, as evidenced by three consecutive bounces over the past week. Moreover, #CRV is currently trading within an ascending channel, with a recent bounce from its lower boundary. 💎 If #CRV manages to hold above the current demand zone, we can anticipate a swift upward movement, targeting $0.81 level. This represents a potential 20% price increase, which is remarkable considering the prevailing market conditions. The $0.81 price level holds significant importance, as it coincides with the top of the ascending channel, a previous demand zone, and the downtrend trendline. This convergence of key features makes it an enticing target for bullish traders. 💎 While the odds currently favor an uptrend, it is essential for Paradisers to remain cautious and prepared for a potential downside breakout. Such a development would likely alter the direction of the mid-term trend. Nevertheless, bullish traders are likely eager to seize such a compelling risk-reward opportunity. Trade wisely and seize the opportunities that lie ahead, Paradisers! Your ParadiseTeam 🌴
Long
by MyCryptoParadise