CRV / BitcoinLong
CRV/BTC Long
CRV/BTC is quite undervalued for what it offers.
It is the exchange token for the Curve.finance DEX and
offers the right to vote on exchange wide decisions.
Price is heading toward the diagonal resistance
initially formed in early last September with a diagonal
support line coming up after the bottom formed
in early January and a higher low was printed mid March,
contracting the price priming it for upwards expansion.
Madrid Ribbon flipped green (not pictured, would make chart messy)
The Ichimoku printed signs of a bullish reversal:
-TK cross occurred last week,
-Price has moved above the TK
-Lagging span has moved above price.
However Ichimoku is still not convincingly bullish yet:
-Kumo cloud is red
-Price is within the cloud
-Lagging span is below the cloud
-TK is below the cloud
Once a bullish Kumo twist occurs, the price moves
above the cloud, the TK moves above the cloud, and
lagging span moves above the cloud we can feel
strongly that a move to the upside could be coming.
A more risky but potentially more rewarding play is to
enter a position before the Ichimoku becomes fully
bullish at an S/R flip of the gray diagonal resistance,
with confluence that the cloud too has been flipped
to act as support around
.0000640
Mid term targets sit at the black horizontals at
.0001519
and
.0002204
It is the exchange token for the Curve.finance DEX and
offers the right to vote on exchange wide decisions.
Price is heading toward the diagonal resistance
initially formed in early last September with a diagonal
support line coming up after the bottom formed
in early January and a higher low was printed mid March,
contracting the price priming it for upwards expansion.
Madrid Ribbon flipped green (not pictured, would make chart messy)
The Ichimoku printed signs of a bullish reversal:
-TK cross occurred last week,
-Price has moved above the TK
-Lagging span has moved above price.
However Ichimoku is still not convincingly bullish yet:
-Kumo cloud is red
-Price is within the cloud
-Lagging span is below the cloud
-TK is below the cloud
Once a bullish Kumo twist occurs, the price moves
above the cloud, the TK moves above the cloud, and
lagging span moves above the cloud we can feel
strongly that a move to the upside could be coming.
A more risky but potentially more rewarding play is to
enter a position before the Ichimoku becomes fully
bullish at an S/R flip of the gray diagonal resistance,
with confluence that the cloud too has been flipped
to act as support around
.0000640
Mid term targets sit at the black horizontals at
.0001519
and
.0002204
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.