CRV Curve Dao: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Curve Dao Token (CRVUSD).
The chart is self-explanatory. The price has the potential to move up as the RSI and MFI show support for the move. Keep an eye on the S/R areas as well as the Ichimoku Cloud above. I put the Fibonacci Retracement to show where the price may get to before resistance. Volume has fallen but the oscillators are in the oversold area so possible move upwards. If Volume doesn't come in, the upward price may not be sustainable.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Ichimoku Cloud, Volume, Fibonacci Retracement, EMA Ribbons, and Simple Moving Average.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
CRV
$CRV $1.68 then $8+?$CRV looks like it's beginning the process of correcting. Still think we may see one more new low in the next few days to the $2 range. Then think we'd bounce to the $3-5 range before correcting down to $1.68 for a final low in March/April.
From there, I think CRV will actually start to run with the first stop being $8 likely in the summer. Resistances above if prices manages to break through it.
Let's see how it plays out.
CRVUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
The price was able to break the S1 line which was previously the resistance line. It has also made a pullback to this line. If the support continues, then the price will go up to the R1 line and if R1 is also broken, it will go higher. If it is rejected from the R1 line, then it will fall. It is also possible for the price not to receive support here and therefore it will fall to the S2 zone which would be a good place to buy if it stabilizes above it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
MY MINIMALIST CHART ANALYSIS FOR CURVEENTRY
01 .21.22
1224H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
This will be a good season for ENTRIES. The market has found strong support at a very bargain price for cryptos.
We will be focusing on BITCOIN and ETHEREUM as our TOP CRYPTOS. As for ALTS, ADA, POLKADOT, MANA, SAND, CURVE, MATIC, and a few others.
Basically, the outcome of BITCOIN, the ALTS tends to follow. So I am limiting my published ideas to a few, quality over quantity.
ALERT:
Looking now for an ENTRY to a short to midterm LONG SWING trade.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy:
1. RSI still midway down.
2. STOCHS towards LOW.
3. Volume still needs SUPPLY for BUYERS to TAKE, but I am afraid a lot of HODL at this point.
4. Looking at key support at 3.7 zone.
5. We can then expect a strong support at the 2.2-3, right at the bottom of the MAJOR BLUE BOX, MINOR YELLOW BOX and the ENTRY AREA OF VALUE MARKER.
Hoping that the market does not break any MAJOR or MINOR BOTTOM of our BOXES. Again, if it does, it will be a BUYERS MARKET and good for us all RETAILERS.
Looking back months ago when the MINIMALIST BOX ANALYSIS was made.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
PUBLISHED IDEA is created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
Q/A : What are the BOXES for? It is a ROAD MAP for TARGET ZONES IDENTIFICATION.
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume , Chart Patterns, Candlestick Math, FIB COILS, Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology .
Stay away from FOMO and FUD.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
It is all based if the right conditions are met. Generally, it will follow the MINIMALIST BOXES.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of my work.
Much thanks to my 3 great mentors. They are so much of a blessing that I also wish to share my knowledge of what I was taught.
Vive Le Autist!
Vive Le Diamond Hands!
RED naw! this is the crown prince of #DEFI #CRV CRV trades in a band - it is a highly sought after DEX liquidity pool.
On the platform you can get information about all of the available pools and the average profit for liquidity providers. Also, depending on the token you deposit, you can receive bonuses. If you choose to deposit a token that is low on the pool you will receive a deposit bonus. It draws attention as an Automated Market Maker for stablecoin trading as well.
CRV the difficult path upwardThe market turned sour and CRV could not bounce in its ascending channel and broke down. The fall was longer than expected but price finally seems to breakout from its downward trend.
I am seeing a triangle being formed and envision a dead cat bounce for the whole market as explained in my total idea below.
An optimistic view is a bearish Gartley to 6.3, but this requires breaking two range resistances.
CRV/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me. I started streaming on TradingView.
CRV is not looking good and will probably go down. I expect a correction to the 4$ support.
BTC is really choppy right now so I believe that we started to slow bleed to 37K support. For now I will wait before I take any trade (unless I see a really good setup) because the market is really risky. Comment your thoughts.
I will stream weekly so if you want me to answer your questions about crypto come to the stream on friday at 4.15 pm UK time.
My last idea got hidden. I apologise for the mistake.
CRV good buy zonesCRV is now very close to there resistance so wait for somedays you will get very amazing opportunity for buying or for longs...for long or buy zones are 4.200 to 3.860 if you want to buy then buy in parts...means 30 percent of your amount is on 4.200 and 30 percent of your amount is on other zone 3.860... and your 40 percentage of your amount is on 2.600 ... and if you want to long then at 4.200 open your long position and then book your profit with your Owen risk to reward ratio...and after that if market comes down then you second long is from 3.860... be very care full when you are taking longs... an don't forget to do your own research ....
Long CRVUSDTLong CRVUSDT
Im looking to long CRVUSDT after a 6h close above 5.06
1st Target - 5.50 zone
2nd Target - 5.90 zone
invalidation daily close below weekly open of 4.50
CRV Update: Falling Towards First Short-Term Buy ZonesCurve Finance ($CRV) has been discussed as a focal asset among many popular DeFi 2.0 protocols. Convex, most notably, has amassed a large relative percentage of outstanding CRV governance tokens.
After a sustained multi-week upward trend, CRV has climaxed and, correlating strongly to a downward movement with BTC, has seen bleeding of market cap recently.
Areas near the $3.50 and $3.35 mark reflect support on a yearly timeline and maybe lucrative buy points.
As always, the market watches BTC.
CRV/USDT ChartHi, I try to post often so if could follow and like it would mean a lot to me.
As according to plan market is slowly bleeding to support zones (I talked about this in my previous ideas), and coins like LUNA, AVAX and SOL are having a proper correction. Bullish coins like FTM and ATOM are also getting affected.
CRV and other alts (this analysis serves for a lot of Alts like MATIC and the above) are finally getting to support and things are not looking good right now.
If we close below the 4.67$ I am very bearish and I think that we will correct to 4.10$. However if we stay above to that support level we will have a little bounce before BTC gets to their support zone (40K) and drag all altcoins to the red zone. Comment what you think.
CRV/USDT : Thinking about another buy options...BINANCE:CRVUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#CRV gave us 45% in our last call on the movement and now I'm scouting a new opportunity to have more advantage with our beast..
But firstly I want to point some of the important areas of interest,
- Firstly it's important for us to have negative re-action on the $5.8's S/R zone.
- On 2nd phase; We can search for possible LONG entries on lower S/R zone at $4.6, But it needs to be closed after any breakdown confirmation below the entry zone !
- In any chance of retest on $3.75; We could have the possibility to enter a LONG on #CRV and hold our position till $6.9 with 6.3RR.
Also it can be held for +$7.5 at my maximum price target, Which will gave us this possibility to raise our Risk/Reward from 6.3 to 7.6 !!
🔴 There are two terms of invalidation:
- Break below $ 3.225's support line after reaching the entry.
- Break above $5.8's S/R zone before reaching the entry.
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
CRV (Curve DAO) Token Analysis 31/05/2021we are holding Positions on this Token from this Point:
we have defined 2 Paths for Scaling IN and OUT:
Fundamentals:
Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.
Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.
In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.
Curve has gained considerable attention by following its remit as an AMM specifically for stablecoin trading.
The launch of the DAO and CRV token brought in further profitability, given CRV’s use for governance, as it is awarded to users based on liquidity commitment and length of ownership.
The explosion in DeFi trading has ensured Curve’s longevity, with AMMs turning over huge amounts of liquidity and associated user profits.
As such, Curve caters to anyone involved in DeFi activities such as yield farming and liquidity mining, as well as those looking to maximize returns without risk by holding notionally non-volatile stablecoins.
The platform makes money by charging a modest fee which is paid to liquidity providers.
Curve carries the standard risks associated with depositing funds in smart contracts and dealing with AMMs, namely impermanent loss.
As Curve only supports stablecoins, the risk of markets moving too quickly is reduced, but users can still lose money once markets are rebalanced to reflect cross-market prices.
Curve has been audited, but this does not do anything to counter the risks involved in being exposed to a specific cryptocurrency.
The founder and CEO of Curve is Michael Egorov, a Russian scientist who has various experience with cryptocurrency-related enterprises.
In 2015, he co-founded and became CTO of NuCypher, a cryptocurrency business building privacy-preserving infrastructure and protocols.
Egorov is also the founder of decentralized bank and loans network LoanCoin.
Curve’s regular team is part of the CRV allocation structure, and will receive tokens according to a two-year vesting schedule as part of the initial launch plan.
In August 2020, Egorov said that he “overreacted” by locking up a large amount of CRV tokens as a response to yearn.finance’s voting power, awarding himself 71% of governance in the process.
Curve (CRV) launched in August 2020, along with the Curve DAO. Its purpose is to function as a governance medium, incentive structure and fee payment method, along with long-term earnings method for liquidity providers.
The total CRV supply is 3.03 billion tokens, the majority of which (62%) are distributed to liquidity providers. The remainder is divided as follows: 30% to shareholders, 3% to employees and 5% to a community reserve. The shareholder and employee allocations come with a two-year vesting schedule.
CRV had no premine, and the gradual unlocking of tokens means that around 750 million should be in circulation one year after launch.
he live Curve DAO Token price today is $1.76 USD with a 24-hour trading volume of $156,254,939 USD. Curve DAO Token is up 1.73% in the last 24 hours. The current CoinMarketCap ranking is #101, with a live market cap of $646,590,324 USD. It has a circulating supply of 366,466,815 CRV coins and a max. supply of 3,303,030,299 CRV coins.
Technical Analysis:
the current Market fall caused CRV to Fall at its 78.6% Level of Fibonacci Retracement and it has already showed some good support.
there are high chances that the Price start its new Rally and shoot for the Higher Targets soon after some reaccumulation on this zone.
the Reaccumulation may take some time and we can see some renege Bounding at this area but it will ultimately go for the Specified targets even after some more retracement to the lower level.
we can see a hidden Bullish Divergence with MACD which is the sign of bullish trend Continuation.
the Targets are defined by the Fibonacci projection of the Impulsive wave followed by its Lowest point of retracement till date.
CRV/USDT Technical View Bullish or Bearish..?#CRV/USDT TA Update:-
$CRV currently trading at $6
Now strong support $5.80 is key level.
If hold This support then we can See bullish upward move toward $10
But If failed to hold support $4.80 then we can see $$4.6 and $3.85
Don’t enter without any confirmations.
Support:- $5.80
Resistance:- $6.85
CRV triangle breakout 📐Curve broke up this triangle and I think there is chance for run to 7.55 and even higher. Setting BUY LIMIT order to catch the pullback. CRV come on!
ENTRY : local high @ 4.091
STOPLOSS (SL) : local low @ 3.705
TARGETS (TP) : TP1 - resistance @ 5.3 | TP2 - resistance @ 6.7 | TP3 - height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 7.55
RRR : TP1 - 3.1 | TP2 - 6.7 | TP3 - 9
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.