CRVUSDT - Can break out this time?BYBIT:CRVUSDT
4H trend chart
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CRV is building a big descending wedge since 10/28
It tried to take out this wedge but failed yesterday.
Now it approaches the upper downtrend line again.
If price can break out this downtrend line, trading strategy as below.
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Profit Targets:
a) 4.887~5.027----Fib(1.272~1.382)
b) 5.328----Fib(1.618)
c) 5.815----Fib(2)
Stop losses:
a) 4.031-----Red horizontal ray
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CRV
MY MINIMALIST CHART ANALYSIS FOR CURVE ALTCOIN$CRV
11.22.21
0751H +8 PACIFIC
ALERT: ADJUSTED CHART DUE TO BTC's CORRECTION
TOP-UP AREA OF VALUE HAS MOVED DOWN, THIS WILL BE A GOOD BUY FOR US
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.
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
JUST DYOR ENTRIES. Watch for Price action/ RSI and STOCH, VOLUME, and FIBS. Set your tight stop loss as any geopolitical, natural/man-made calamities will change the course for our TARGET AREAS OF VALUES.
REMINDER: "FOLLOW THE WHITE RABBIT!"
HOW TO USE THIS MINIMALIST CHART (You can CLICK AND hold THE CHART and PAN or DRAG IT.)
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS, Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
Vive Le Egalitarianism!
CRVUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
Price is fluctuating within a flag pattern. If it can move above the resistance line and stabilize, it can experience a good climb.
We wait for the price to fluctuate above the resistance line and then enter the trade to achieve higher targets.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
CRV - looking very good in this correction timeCurve is a decentralized exchange for stablecoins that uses an automated market maker to manage liquidity.
Market Cap of 1,6 billion is just ridiculous for this project.
Market Cap/TVL (Total Value Locked) Ratio confirms that with value of just 0.08!! (For example UNI is at 1.31 ratio and 13.6 billion Market Cap)
Chart is also looking good. Consolidation after breakout, forming bullish flag, strong bounce from weekly support confirms that buyer stepping in.
Short term price target is top of the flag at around 5$.
Long term I can see it easily at 10 billion M. Cap.
Curve is very undervalued project. Better grab some while it is at just 1,6 billion M. Cap!
#CRVUSDT 4H Chart
After price dropping heavily and leaving a 4h supply zone, it missed the 3h demand zone by just a few cents. It then moved up and tested the 4h supply zone where it got rejected. MACD is showing bearish weakness, RSI is below 50% and EMA also showing bearish indications. Price could still test the 3h demand zone before continuing it's upwards movements aiming for the EQH at $5.33.
CRV about to go parabolicThis is a comparison of CRV/USDT current chart to ETH/USD 2016-17 Chart. They are strikingly similar and CRV is closely following it.
90% of CRV's current circulating supply is locked for an average of 3.6 years making it a perfect candidate for a massive supply squeeze.
CRV wars are also heating up because of what MOCHI INU did a few days back.
It is currently turning it's previous all time high resistance into support and gearing up for the massive move that is about to come in the next few weeks. Once it flips $5.5 resistance it might go parabolic just like ETH did in 2016.
CRV all time high is $23 which is definitely achievable in long term because of it's low supply in the market.
This chart is only for information purposes and it is not an investment advice.