CRV
CRV/USDT Trading ScenarioOver the past 820 days, CRV has been in a steady accumulation phase, as indicated by volume profile analysis. In early August of this year, the asset reached a new all-time low at $0.1794. This decline led to a significant increase in buying volumes, signaling strong investor interest and active accumulation of positions.
The volume profile analysis reveals a concentration of trading volumes in this price zone, which is characteristic of an accumulation phase. The continuous price decline, coupled with rising buying volumes, suggests that the asset may be preparing for potential future growth.
Considering the current accumulation phase and the increasing interest from buyers, it can be inferred that the asset is on the verge of potential growth.
crv looks ready for 2x bullish wave seems like crv has already completed its corrective wave and now ready for bounce back
descending channel with other multiple resistances has already retested after breaking out rsi printed massive bullish wave expecting solid recovery in next days expecting 2x bullish rally
#CRVUSDT In a Perfect Setup to Rally From the Support ZoneYello Paradisers, ready for a potential #CRV rally from the key support zone? Let's look at the latest analysis of #CRVUSDT and see what's happening:
💎 LSE:CRV is currently hinting at a bullish continuation from a critical support zone at $0.245. We’ve been watching #CurveDAOToken closely as it follows a falling wedge pattern, and now it's broken above the descending resistance line. Internal resistance at $0.408 is the next target for CRV.
💎If #CRVUSDT holds strong at this level, we could be on the verge of a significant bullish rally, echoing previous trends. A breakout above the key resistance at $0.408 might set the stage for a run toward the next resistance zones and beyond.
💎However, caution is essential. If the momentum falters at this critical support, we might witness a rebound from the lower support area around $0.18–$0.20.
💎Stay sharp and keep a close eye on #CRV price action. A daily close below the demand area could invalidate the bullish scenario and open the door to further declines.
Remember, the market rewards those who stay focused and follow their strategy.
MyCryptoParadise
iFeel the success🌴
Movement Towards Higher ResistancesCRV is currently within a range that could play a crucial role in determining the next price direction. This range is between $0.26 and $0.29 and could act as a balance area.
Potential Scenarios:
Downward Pullback:
If a downward pullback occurs, the price might reach the $0.26 to $0.29 range. This range is considered a significant support area that could prevent further price declines and lead to a price rebound.
Movement Towards Higher Resistances:
After stabilizing within the support range, the price might move towards targets of $0.34 and $0.37. These levels are considered important resistances, and breaking through them could signal a strengthening of the bullish trend.
Curve DAO Crv price will surprise all of us?)And the award for the most unpredictable coin goes to CRYPTOCAP:CRV !)
While the price of OKX:BTCUSDT is correcting and the vast majority of altcoins are following it, #CRV holders woke up after 2.5-3 years of hibernation and said: "Ooooh, now is the best time to buy OKX:CRVUSDT ".
Or how else to explain the 2-months of increased trading volumes in the #CRVUSDT pair and the fact that the price of the #CurveDAO token has been growing quite actively for the last 3 days, if such a phrase is legitimately used with CRV at all )))
‼️ The critical level for August-September for the #CRVUSD price is around $0.60
If they can gain a foothold above that, then maybe we will see CRYPTOCAP:CRV at $1.2 before the end of 2024 !)
CRV/USDT ENTERING NEW HIGH VOLUME TRENDThe last data shows that CRV/USDT has a good chance to create a new volume in the coming time frames, we will follow up to see if this coin is able to have confirmation in the coming time frames.
CRV/USDT has a history of breakdown trends, we will follow the coin to see if this is the reversal trend. The last data shows a high chance of volume building for this coin.
Can CRV make 10x move?BINANCE:CRVUSDT kept making lower lows but doesn't mean it is not gonna go down more. In my opinion BINANCE:CRVUSDT trading in bullflag pattern which is a sign of reversal and checked bottom line 3 times which we can consider as triple bottom. 0.48-0.52 area is crucial which can decide either go up or make another low, but most importantly BINANCE:CRVUSDT must break upper trend line in order to make 10x move. Also MACD making huge Divergence in 1W TF and great amount of Volume coming in lately. I will be taking profits at those green lines.
CRVUSDT Is Approaching The TrendHey Traders, in today's trading session we are monitoring CRVUSDT for a selling opportunity around 0.31 zone, CRVUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.31 support and resistance area.
Trade safe, Joe.
CRVUSDT Is Approaching The Down TrendHey Traders, in today's trading session we are monitoring CRVUSFT for a selling opportunity around 0.2970 zone, CRVUST is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.2970 support and resistance area.
Trade safe, Joe.
CRV analysis: Looks bullish for mid-termLSE:CRV has been consolidating within a triangle pattern for almost four years, and it is now on the verge of breaking out either above or below this pattern. It is most likely to be a bullish breakout, potentially moving upward toward three main targets specified on the chart: $0.90, $1.65, and $4.48 over the next few months.
Recap ---- CRVAfter a short rebound, bears appear to be strengthening again. 10 days ago, we talked about CRV. Because Curve founder Michael Egorov used a large amount of CRV as collateral to borrow money, CRV faced a large amount of liquidation after the price fell.
After triggering some liquidations, we saw some traders start buying CRV at the bottom. But judging from the candle chart, the recovery for liquidation is slow. We have observed Curve’s community and related tweets, and it seems that the community wants the sword of Damocles to fall, causing Michael to completely lose his collateral position.
Currently Michael still has a $3 million position in UwU with a health rate of 1.25. It is roughly estimated that liquidation will be triggered when the price approaches 0.25 again. If you are an event-driven trader, then you need to keep this price in mind.
From an indicator point of view, the TSB indicator once again prompted the SELL signal two days ago, which means that CRV will start to fall again. Combining all the information above, opening a short position at this price has a high profit-to-loss ratio.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
When is it gonna happen?As we know BINANCE:CRVUSDT made all time LOW last week, but couldn't able to close a candle below old LOW which is at 0.34. Some might say BOS happened last week, but there are few things that I noticed and still considering LONG-FUTURES trade.
1. Multiple BOS happened since June 2022 somehow couldn't able to close a candle below.
2. MACD Divergence
3. Liquidity movement
4. Volume looking decent and increasing.
0.5 is a minor crucial zone which can decide either long or short. If BINANCE:CRVUSDT able to close a candle above 0.9 will be a huge confirmation to continuously go up even to make higher high in 1W TF.
Lack of Trust ---- CRVOn June 13, the drop of CRV led to the liquidation of nearly $34 million lending positions of its founder Michale Egorov. In 2023, Michale Egorov’s position will also face liquidation risk. It ultimately conducts CRV OTC transactions with institutions and whales to obtain liquidity and reduce the healthy rate to avoid liquidation. But it happened again.
The community suspects that Michale Egorov actually cashed out a large amount of CRV through borrowing and squandered the in the real world. Curve has become one of the DeFi protocols with the highest TVL due to the introduction of the ve mechanism. Curve pools have also become a swap method that traders like to use. However, a good project is controversial because of the founder's behavior.
So far, Michale Egorov has brought the healthy rate of the position back to above 1 through OTC or active liquidation. But the price of CRV has not repaired the drop caused by liquidation. And in the Curve community, there is a voice that hopes that all Michale's positions can be liquidated. Lack of trust is CRV’s biggest resistance.
From an indicator perspective, we can see that the TSB indicator can always prompt opportunities before CRV pumping. And the most recent one happened on June 11, and again shortly after that the liquidation happened. We believe that based on Michale Egorov’s behavior and the mechanism of veCRV, CRV will continue to maintain a downward trend in the long term. You can use the TSB indicator to capture short gains.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
$CRV range $.28 bottom, to retest $4.32?LSE:CRV looks like it's coming to the end of it's downtrend. It looks like we're bottoming in a wedge and that price should test the bottom of the structure prior to breaking out.
Should this happen, price should bottom around the $.28 level and then I think after that, we're likely to break out of the structure to begin the next bull move.
I think it's likely that we go retest the 50% retracement at a minimum up at $4.32 after we breakout of that wedge.
Let's see how it plays out.
Alikze »» CRV | Congestion exit and dynamic trigger failureIn the weekly time, after a complex correction, now after exiting the concentration, it can take two paths in the face of the resistance ahead, of course,
🔰in the lower time, a shadow has been cast on the green box area. Therefore, after breaking the red bar, it will have the ability to grow up to the first supply zone, and if it continues, it can touch the second supply zone. If the behavior and structure of the post changes, it will be updated.
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