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CRV

$CRV update: $1.88-$2.08 before higherAs you can see from the chart, $CRV has been moving in a large channel since early 2021. We've had multiple reactions off the top of the channel without being able to break through it. We recently just rejected the top of the channel again. I lean towards a retest of the $1.88-2.08 region and a retest of the bottom of the channel before the real bull run begins. This should happen sometime in early to middle December. That would be an amazing buying opportunity, should it play out -- as I think afterwards, CRV could run to $30+ afterwards. Let's see how it plays out over the coming month.
BINANCE:CRVUSDShort
by benjihyam
5
CRV, there is a bearish pattern on the chart An upward wedge has appeared on the CRV chart. According to the rules, this is a bearish pattern. The price is now squeezing near the lower boundary of the pattern. In case of a breakout, there could be a good selling opportunity. In case of a false breakout, there could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
2
CRVUSD - Rising Wedge near completion?07.02, 6PM UTC --- A very quick post on Curve DAO token price action, which seems to be forming a nice rising wedge that could possibly be near completion, meaning the price could fall off soon. This is a fast analysis (thus possibly wrong) simply meant as a warning for people who have just opened long positions on Curve, or bought the dip. Along with the wedge we can see that the average volume (volume traded over a certain period of time) has been on the decline, which further validates the bearish reversal rising wedge pattern. It's almost too obvious to be true. I am not giving any time frame or target for a short trade though, I am still fairly clueless about what could happen, so I will just be closely watching the PA. Side note: I'm also wondering if that would be an example supporting the thesis of alt coin behaviour revealing what is the true intent behind the current price action of BTC. BTC has been correcting to the upside and then breaking out in a similar fashion to what it did in July before taking off to ATH, so some people are getting all hyped up thinking we're in for a parabolic run. What if certain alts like CRV hint at what's actually about to happen soon? (i.e., a bull trap and correction down to 30k.)
CShort
by relievedHawk1
1
CRV interesting set upCRV has been consolidating under previous range support in an ascending triangle. The volume has been decent. There is a possibility of a break upward, but at the moment if price close the 4H candle at 3.23, it would form a tiny bearish divergence, just enough maybe to break the camel's back. Price has re-entered the downward channel and found support, the 30min 200ema which was previously resistance has turned into support. Even if it breaks upward, I envision the possibility of a fake out, and probably at the 2H 200ema. The 4H 200ema is far above price, an indication of weakness. I turned bearish as overall market conditions are not good, tread carefully.
by nagihatoum