CRVUST trade ideas
CRV price - "Inverted Head and Shoulders" pattern on a chart ?Today we will analyze the price movement of CRVUSDT on the global chart.
It can be assumed that the global "Inverted Head and Shoulders reversal pattern" has been forming on the CRVUSD chart for the past year. At least, the price structure and the falling trade volumes from the left to the right shoulder correspond to those described in the Encyclopedia of Trading Patterns.
A surge in trading volumes should occur after the price of CRV tries to break through, and hopefully breaks through and consolidates above the $1.18 level . As you can see from the trading history, there was a lot of struggle between buyers and sellers around this level.
But before that, buyers need to break through and gain a foothold above the local level of $0.80-0.82. Buyers have a lot of work to do to revive speculators' interest in the CRV
Well, after the CRVUSDT price is firmly established above $1.18 , the Inverted Head and Shoulders pattern will finally activate. At the same time, the long-term target for the growth of the CRV price, which is in the range of $3.50-4.50 , will be activated, and we were remembering the average - $4 per Curve DAO token.
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CRV DAO LONG 20230620Bottom structure, not very solid, while if it can follow Bitcoin's bull trend.
CRV DAO, CRVUSD , CRVUSDT , CRVUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
TRADE OF THE DAY | CRV looking like a breakdown incomingTRADE OF THE DAY | CRV looking like a breakdown incoming
A significant bearish divergence and a break of the trendline on the RVOI whilst trading below retesting the 50EMA is setting up for a continued break down. There is also news of a risky loan in AAVE and the resulting liquidation threat for CRV have pushed the governance token to a 1-year low.
CRV IS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the CRV symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CRVUSDT → The price is squeezed between the strong linesCRVUSDT forms the bottom in the area of 0.500-0.600. After that, a rally is formed, which turns into a strong consolidation in the area of trend resistance.
The cryptocurrency pair after another retest forms a resistance breakout, but at the same time, the price is still on the upper boundary of the local pattern.
In the near future, if the price successfully overcomes the area of 0.883, I expect an active strengthening of the price to the area of 1.112 with the subsequent movement to 1.891.
CRV shows great dynamics on the background of the fact that after the rally, there was not a strong pullback, but a consolidation is forming.
The price got a strong support at 0.818 and from the MA-200.
MA50 is a resistance and the price might try to test it soon.
Strong support at 0.818 and 0.770
Strong resistance: 0.883, 0.980, 1.300
I expect consolidation between 0.850 and 0.950 with further break through the resistance of the local wedge and growth to 1.890.
Regards R.Linda!
CRO/USDT with potential re-testHey traders 👋
CRO/USDT is another pair that caught our attention here. We see how on 4-hr chart we had a nice breakdown from a rend after what we see a good potential for a small correction to re-test that same trend there. We are waiting for that zone there and once we are at the re-test we will most likely look again for an entry here!
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Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Potential Breakthrough Ahead with RSI MomentumThe CRV (Curve DAO Token) has recently rebounded from the established daily support range of $0.756 - $0.79. With the local resistance zone located between $0.92 - $0.93, there is a possibility of a price movement towards this area. It is recommended to exercise patience and await a test of the support zone before considering new entry positions. Additionally, the Relative Strength Index (RSI) level currently stands at 58, indicating moderate strength and momentum in the CRV's price. This suggests a balanced market sentiment with potential for further upward movement. However, it is important to closely monitor price action and consider other relevant factors before making any trading decisions.