Curve Finance Price Prediction: CRV DeFi Dominance Surges
Curve Finance total value of funds locked rise by more than 33% in the last 24 hours to $1
26 billion.
CRV/USD awaits a technical breakdown to $1.0, especially if the triangle support caves in.
Curve Finance (CRV) is currently the third-largest decentralized finance (DeFi) token in the cryptocurrency industry by the amount of funds locked in the network. Interestingly, the last 24 hours were particularly yielding for CRV as it added over 33% to the total value of locked funds. At the moment, investors have locked $1.26 billion in the project. CRV trails Aave, which currently has $1.32 billion in locked funds. UniSwap has continued to hit new highs with the value locked rising to $1.94 billion, hence holding tightly in the first spot.
Despite the attention Curve Finance is getting in terms of uptake in the decentralized ecosystem, the token's value has continued to dwindle. CRV commenced trading on Binance mid-August. Following the support on the largest cryptocurrency exchange in the world, the token rallied to $25. Unfortunately, the spike to all-time highs was short-lived, with CRV embarking on a gains-trimming exercise.
The downtrend has been unstoppable as various support levels have been rendered unhelpful. CRV tested levels below $2.0 while the upside is limited under a descending trendline. At the time of writing, CRV is doddering at $1.34 amid a bearish building trend.
The 21 Simple Moving Average caps the token’s immediate upside. Curve Finance is also trading within a descending triangle, commonly interpreted as a continuation pattern in technical analysis. They signal that an asset is bound to continue with the previous trend (in this case, downtrend) on breaking a certain level (triangle support). Therefore, if CRV extends the leg below the triangle support, there is a chance the price will test the $1.0 level before recovery comes into the picture.
All technical indicators illustrate a growing bearish momentum, including the Relative Strength Index. The 21 SMA is also under the 50 SMA, somehow suggesting bears will remain in control a while longer.
Curve Finance Intraday Levels
Spot rate: $1.34
Relative change: -0.017
Percentage change: -1.4%
Trend: Bearish
Volatility: Expanding
CRV
CRV / BTC - 4H Chart ExpectationsLooking back at Curve over time, we formed a downtrend within this parallel channel, and have yet to have exited the channel.
We are approaching the bottom of the channel once again, and above is just an idea for what I think it may do moving forward over the next few days/weeks.
CRV likes to make inverted head and shoulders, followed by volatile moves up and even more volatile moves down, let's see if it does it again within the channel.
If we break below the channel, the idea is invalid.
CRV starting to form a bottom$CRV has had a particularly brutal life up to this point. Buyers have lost quite a bit betting on this coin. Altcoins are a gamble and being wrong about your entry is particularly unforgiving compared to more generic assets. However, if you pay attention to the patterns, ignore the FOMO and look for trends, the picture becomes more clear. In this case, we seem to have just formed the left shoulder of an inverted head and shoulders pattern, inside a larger head and shoulders pattern. Assuming Bitcoin doesn't blow up this pattern, look for a rounding formation at the bottom of this falling wedge around $1.05-$1.07, with potential for a wick down to sub $1.00 (this would be a psychological target and would make a ton of sense). Assuming this plays out, this looks like it should play out with the bottom hitting around 9/19 or 9/20, with a confirmation of the uptrend around a day or two later.
If you want to gamble - Set your bids at a $1.00
If you want confirmation for entry - Wait for the break out of the falling wedge and wait for a retest (The right shoulder of the inverted head and shoulders pattern would be the retest
Not financial advice, just a cheat sheet for people wanting to fill their moon bag. Happy trading.
CRV.USDT (Y20.P4.E1). TA. Looking like a wedge breakoutHi All,
CRV (Curve DAO coin) looks like a bottom of a Wedge supported by the RSI structure.
I would like to see what it does with this first resistance before I consider jumping in.
It has a 50% to break this resistance or do a ABCDE bottom formation at the micro level before it breaks the trend line.
As per my BTC dominance chart, I have this area with BTC bouncing so I don't see many ALTs breaking out but more likely creating the structure for a bullish breakout pattern.
Please give me a like or tick for this post.
Regards,
S.SAri
BTC Dominance Chart:
CRV/BITCOIN Ready To BUY !! Welcome Traders >> We Have Here Opportunity And Direction For CRV/BITCOIN
♦️ We Have Trend Line >> Waiting For Break Out
♦️ We Have Very Strong Resistance Area >> Break Out Done
♦️ We Have Side Way Channel Area >> Waiting For Break Out
♣️ Vision ♣️
After Price Break Out We Will Take Long Position To Targets On Chart
!! Attention !!
Any Close Down Channel Cancels Analysis
!! Please Take care Trading Is Very Risk Don,t Risk On Any Position !!
CRV / BTC - Trying to break out of triangleAttempting now to break out of triangle after reaching new lows, needs to break and stay above purple line, otherwise may test bottom of triangle again.
A clear break above should take us to 22, 25, 28 or higher, see fibs and parallel fibs for targets.
Break below yellow line may send us down to 15s or lower
CRV/BTC BINANCE4H hollow candlesticks.
As price stays in the uptrend parallel channel we have bullish trend.
Price Forecast up to 114%.
MACD is flat and slightly bullish.
steady volume.
Support and Resistance areas are shown.
Curve DAO Token (CRV)
$2.08 USD (16.44%)
0.00020113 BTC (12.66%)
0.00564531 ETH (5.21%)
Market Cap: $338,555,287,089
24h Vol: $143,330,540,845
BTC Dominance: 56.5%
Good Luck
CRV / BTC - Adam and Eve Reversal PatternsWe hit one adam and eve reversal pattern that went up approx 71% the length of the eve formation.
It looks like we are doing it a second time, short term target approx 22330 sats (where the second cross is)
If we move passed 22660, further upside is possible.
CRV / BTC - Possible Parallel Channel Uptrend FormingTrying something new with CRV - this idea has us forming a parallel uptrend, with fibs drawn inside the channel indicating targets.
A clear/clean break below the channel invalidates. Moving up within the channel and stopping near fibs may indicate this is our uptrend, until channel is broken.
Long CRVAfter a couple bad trades I decided it would be smart to continue logging my trades here, in order to make the process clearer for myself. CRV seems to be one of few shitcoins that are oversold on 1D and 4H and close to its bottom on Binance. I think there is a good probability it will make 20-30% gains in a couple days to a week if BTC shows strength. Otherwise new ATL imminent. But in my eyes, based solely on the TA, this looks like an absolute gem.
I have to say I don’t have any clue what Curve does, I’ve seen their website curve.fi and heard the CRV token is pretty inflationary so this will not be a longtime bag. Hoping to make a quick flip.
Let’s see how this one pans out.
CRV / BTC - Yet another Inverted Head Shoulders Forming?Just an idea, it's happened 4 times now with this token, can we do it a 5th time? Ask BTC for permission ;)
Previous related ideas linked below - also posted another idea earlier today (W shaped recovery), channel already invalidated, but something like that may play out also.
Alternatively, we head down further and this was not a real bottom.
CRV / BTC - New Idea - CRV in W Shaped RecoveryHere's a new idea after following the inverted Head and Shoulders move:
We have formed an uptrend, this is our new channel, movement within the channel may look something along these lines (pun intended), and if so - it'll be incredibly profitable.
Alternatively, if we continue downwards from here, it's possible we form a double bottom on the longer time-frames.
CRV/BTC (Test the Upward Trendline Support?)CRV/BTC
-The price got rejected by the upward trendline resistance around 4700 sat
-It is more likely to come down and test the green support area at 3200 sat
-If CRV will continue its uptrend movement, the next target is 5500 sat
-Candle body below green support will invalidate my short term Bullish bias
CRV / BTC - Update II: Inverted Head & Shoulders / Triple BottomInverted Head / Shoulders / Triple Bottom confirmed, we broke the neckline for the HSi and for the triple bottom move, and hit both targets 1 and 2.
We're currently testing the 0.5 fib from today's move. If we get passed the green box where target 2 was, we can expect potential for a much larger move up.
Zoom out to see long term fib levels for potential targets. 58k sats is a good first target if we can confirm a move beyond the green box. Higher is possible 90k sats and beyond.
If we break below the 0.5 fib on the smaller timeframe (that we're now sitting at), we could re-test the dashed yellow line. We need to stay above that line for continuation.
** please see previous related ideas in the links below, thank you for your support, and please DYOR & beware of Bitcoins ability to move and mess up even the most reliable of charts/setups! **