CRV / BTC - Update: Inverted Head & Shoulders / Triple Bottom
Updated
CRV has triple bottomed and is in the process of forming a giant inverted head and shoulders, and has already formed 3 smaller sets of inverted head and shoulders within that pattern.
Need to break above dashed yellow line (1) for confirmation, and break above the green box (2) to see a mega-move.
As mentioned before, Curve Dao has also been hovering between 0.04-0.07 Market Cap / Total Value Locked, whereas comparable Defi tokens (Comp, YFI, etc) are on average more like 0.4-0.7.
YFI is an outlier today and in pure FOMO mode, so its MC/TVL is much higher (haven't checked). You can check yourself here, CRV is currently at 0.07:
coingecko.com/en/coins/curve-dao-token
Everything said, please beware BTC, it's likely going to make a decision soon, and can screw up even the very best of setups.
Need to break above dashed yellow line (1) for confirmation, and break above the green box (2) to see a mega-move.
As mentioned before, Curve Dao has also been hovering between 0.04-0.07 Market Cap / Total Value Locked, whereas comparable Defi tokens (Comp, YFI, etc) are on average more like 0.4-0.7.
YFI is an outlier today and in pure FOMO mode, so its MC/TVL is much higher (haven't checked). You can check yourself here, CRV is currently at 0.07:
coingecko.com/en/coins/curve-dao-token
Everything said, please beware BTC, it's likely going to make a decision soon, and can screw up even the very best of setups.
Note
sorry wrong link, here:
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