CRV / TetherUSLong
CRV/USDT long
Compared to the other Defi yield protocols, Curve has been undervalued for a while. Maybe its the god awful/beautiful ui they have but in a world where bsc copy and paste farms are valued between 5-20USD a old school player like CRV is going to catch up hard.
Fundamentals aside, from a TA perspective the chart looks tasty for a short term entry. We're hoping for a bounce off the Fib 0.618 level to the 0.786, in case of a wick we will try to enter slightly above at 3.1. Our R is 3 as this will be a short term trade but if you want to hold the position long term (more than a few days) it would be better to leave the stop below the Fib 1 level (2.8)
Overall, my bull market prediction for CRV is 8-15USD
Don't be ape and use low leverage.
Fundamentals aside, from a TA perspective the chart looks tasty for a short term entry. We're hoping for a bounce off the Fib 0.618 level to the 0.786, in case of a wick we will try to enter slightly above at 3.1. Our R is 3 as this will be a short term trade but if you want to hold the position long term (more than a few days) it would be better to leave the stop below the Fib 1 level (2.8)
Overall, my bull market prediction for CRV is 8-15USD
Don't be ape and use low leverage.
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