CRV
(CRV) POTENTIAL GIANT "CUP AND HANDLE" PATTERNHello everyone !
Today the black cat trader is analyzing BINANCE:CRVUSDT based on a weekly chart.
CRV seems to show us a potential giant « Cup and Handle » pattern.
What we can see :
First, based on this pattern, we can situated our neckline at approximately 3,60 $ which is our major resistance. Secondly, we can considered the descending trend line as a second resistance that price must break to go higher.
What we can expect :
1. To validate and complete this beautiful cup and handle pattern the price must first break the descending trendline to gain the top of the handle which is situated at approximately 3,60 $ .
2. Once the price will break the C&H neckline we can expect a pull back on the neckline which would be a good support to go higher.
OBJECTIVE :
If we complete this pattern we can expect the price to go at : 6,90 / 7 $ (x3 from the today’s price)
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MAY THE CRYPTO BE WITH YOU GUYS
NO REASON NOT TO BE LONGI want to see the price clearly close and consolidate above 2.3$, that would be the trigger for a run to 3$ area, followed by 3.6$. Looking good in HTF, clearly close above the last months range, so thats a long for me. Still want to see a close above 2.3$ for full confirmation, but this should move upwards in the next days/weeks, if bitcoin doesn't come back down.
Mega Bullish On Harmony One - Proposal To Deploy CRVI have been mega mega bullish on harmony one, there is some news today that harmony is proposing a deployment of curve finance on harmony one.
You can read through here -
gov.curve.fi
In addition to this there are several upcoming projects along with the potential for coinbase to list them and the btc bridge bugs getting worked out. We have broken the .10 area and from here there isn’t a lot of resistance overhead, because harmony is such a new project they are still being priced in by traders. We are still early, only 1 billion market cap and what better way to add more value then to add another project like CRV to harmonys ecosystem. There will be many more in the future, just based on the current ETH Fees, and sentiment toward more centralized networks like matic, harmony $one is a NO BRAINER!
CRVUSDT🌟from now in lower time frames this alt either goes in a big side way stance or goes in high bullish bias , followed by a greater bullish stance in mid term after that so its a reasonable time to enter and save for targets
👉This idea has the confirmation of "advanced price action" 👍
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Edge to Edge move in play for CRVHas happened in the past, I dont see why it cannot happen again.
I am not particularly excited about DeFi post EIP 1559, because the upgrade favors staking ETH instead of staking DeFi tokens. For example, you should do much better using a Lido-Crv-cvx staking mechanism over staking UNI. Remember lower ETH fees mean lower staking rewards for a lot of token holders.
CRV is one of the few DeFi projects I am invested in because its a part of the ETH staking mechanism.
Also as Convex finance went live, I expect a decline in emissions. Given the FA, the TA here should play out.
CRV - broke the global trend line. Time to buy❓🤯Many people have asked me about the CRV coin. There is a very nice picture on the chart. The price has broken the global trend line. Tested it as a support. At the same time, the lows are rising, which is a good signal for continued growth. From the highs of this spring, the asset has corrected 77%, which is a lot, at least you can expect a good pullback.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
💡Don't miss the great buy opportunity in CRVUSD". There is a possibility of temporary retracement to the suggested support line (1.788).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CRVUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 2.041
TP2= @ 2.324
TP3= @ 2.849
TP4= @ 3.522
TP5= @ 4.261
SL= Break below S2
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💡Don't miss the great buy opportunity in CRVUSD". There is a possibility of temporary retracement to the suggested support line (1.788).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CRVUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 2.041
TP2= @ 2.324
TP3= @ 2.849
TP4= @ 3.522
TP5= @ 4.261
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
IM NOT TRUSTING THIS I dont trust this last months lows, it looks more like a classic support thats builded to get smashed and take all liquidity below, so until then I will look just for short scenarios.in any case, you always need to consider both sides so you know where are you wrong, consolidation above 2.2$ would be invalidation of this idea.