crvIn the lower time, we have a red resistance box that we must check the reaction to. As long as the green support box is not broken in the first step, the red box can be used to reach the specified numbers, if the green box If it is broken, it is considered as a resistance, and until it does not break upwards, the next green numbers can be checked as support points. We can wait for a growth.
CRV
CRV Curve DAO Price TargetIf you haven`t sold CRV here:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is CRV Curve DAO .
I've set a short-term price target for CRV Curve DAO at $0.44.
Looking forward to read your opinion about it!
CRV target 0.8512h time frame
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CRV is creating a double bottom in this falling wedge structure, and retesting this support of double bottom currently. According to two support - uptrend line and double bottom, CRV is performing a strong sign, which has big probability to reach the resistance from the wedge top (~0.85), also we can set SL based on the 0.382 Fibonacci Projection.
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TP: 0.7 / 0.85
SL: 0.49
CRV/USDT What's the next move ? Break the resistance or Fails💎 CRV has undeniably attracted significant attention in the market. Presently, CRV is undergoing consolidation in the demand area, previously identified as a supply zone. The movement of CRV is forming a symmetrical triangle pattern.
💎 If CRV successfully breaks the resistance pattern of the symmetrical triangle, there's a likelihood of continued upward movement toward the resistance area. Breaking the crucial resistance area at $0.657 is essential for further upward momentum, potentially reaching our target supply area.
💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, CRV fails to maintain its position and undergoes a breakdown. In such a case, CRV may revert to the next lower demand area, necessitating a bounce to reclaim the demand before considering further upward or downward movement toward the next lower demand level of $0.46.
CRV/USDT Insights into Recent Rejections ?👀 🚀 💎 CRVUSDT has recently faced rejection at a supply level but is now regaining momentum, indicating a strong likelihood of surpassing this level and initiating a bullish trend
💎 In a previous instance, CRV successfully breached the supply at .5465, initiating an upward trajectory. Presently, encountering resistance at .6534, the cryptocurrency is once again regaining bullish momentum, fueled by the demand zone.
💎 This presents a substantial probability of breaking through the resistance at .6534, overcoming a robust hurdle. Successfully navigating this scenario demands a nuanced comprehension of the intricate relationship between probabilities and mathematical dynamics, providing investors with a lucid perspective on the associated risks and rewards.
💎 Conversely, there exists the possibility that the price may fail to breach the supply level and face rejection. In such a scenario, the plan would involve a bullish continuation from the demand level at .5481. A breach below this level could trigger a significant downward movement, emphasizing the importance of monitoring these critical levels for strategic decision-making.
CRV Falling wedgeCRV UPDATE: CRV is the chart that catch our attention today…. CRV created a massive falling wedge on daily TF and is looking forward to breakout from the falling wedge resistance…. It also formed double and is currently facing the neckline resistance of the double resistance.
Is good to buy in spot here or long from here to nearest daily resistance….
Follow for more market update
Can message me for trade setup
CRV/BTC - Curve: Elliott_Wave_12345◳◱ Hey traders, we've identified an Elliott Wave 12345 pattern on the LSE:CRV / CRYPTOCAP:BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.00001616 | 0.00001727 | 0.0000194 and the major support zones are respectively at 0.00001403 | 0.00001301 | 0.00001088. We may consider buying at the end of wave 5 at the current price level at 0.00001385.
◰◲ General info :
▣ Name: Curve
▣ Rank: 97
▣ Exchanges: Binance, Huobipro, Gateio, Bittrex, Kraken, Hitbtc
▣ Category/Sector: Financial - Decentralized Exchanges
▣ Overview: Curve Finance is a decentralized exchange optimized for low slippage swaps between stablecoins or similar assets that peg to the same value (e.g. wBTC/renBTC). The protocol employs a Automated Market Maker that was built specifically to give DeFi users low slippage and liquidity providers steady fee revenue.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001385 ₿
▣ 24HVol: 2.138 ₿
▣ 24H Chng: 2.441%
▣ 7-Days Chng: 8.58%
▣ 1-Month Chng: -7.48%
▣ 3-Months Chng: -24.29%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001616 | 0.00001727 | 0.0000194
◢ Support: 0.00001403 | 0.00001301 | 0.00001088
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -23.21
▣ Last 90D: -18.21
▣ Last 1-Y: -16.78
▣ Last 3-Y: -18.27
◲◰ Volatility :
▣ Last 30D: 0.38
▣ Last 90D: 0.66
▣ Last 1-Y: 0.75
▣ Last 3-Y: 1.06
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.49 - Bearish
▣ Reddit sentiment score is 0.48 - Bearish
▣ In-depth CRVBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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CRV/USDT Bouncing significant, Ready to Continue Upward Move ??💎 CRV has undeniably caught our eye. It's rebounding after touching the Bullish OB zone. Observing its short-term trend, it remains predominantly bullish, evident from its consistent higher highs and higher lows.
💎 Currently, CRV seems to be forming another higher low within the Bullish OB zone, suggesting potential for further upward trajectory. The immediate target for CRV lies at the supply zone. Should CRV surpass this supply, it would pave a smoother path towards the Bearish OB zone.
💎 On the flip side, if CRV retraces downwards to test the Bearish OB and fails to maintain its position within this zone, there's a risk it might descend further to the key support level.
CRV's opportunityHey guys I've been watching and scalping CRV for the last 2 weeks with great results.
I found the coin when looking for high volatility pairs I could trade on Binance spot.
CRV has been trading in a very interesting support area and I'm watching the EMA 200 day for a potential bullrun, although price is already 30% up from all time low in just a few days.
Keep in mind this is a low cap high risk/ high reward type of shitcoin, so don't go all in. Remember that 99% of altcoins go to zero.
I will keep you updated on this one.
Brief Analysis——CRVTwo months ago, CRV was sold off as Curve was hacked. And the founder Michael Egorov borrows stablecoins by mortgaging CRV in lending protocols such as AAVE and Fraxlend. The risk of CRV is spread across these lending agreements. The liquidation price for these loans at the time was $0.4. For a long time afterwards, in order to avoid the occurrence of liquidation disaster, Michael sold CRV through OTC to obtain stable currency assets and repay the loan. The price of CRV sold through OTC is $0.4, and the buyer verbally promises a lock-in period of more than 6 months.
Recently, CRV has risen, becoming one of the best-performing tokens since September. Our research found that Michael has paid off all his loans on the AAVE protocol and has seen a decline in health rates on other protocols. The next CRV liquidation price was reduced to $0.378.
On the upswing of CRV, bears was not strong. We can see from the MBF indicator that bottom buying sentiment continued to increase as the price approaches $0.4. These sentiments do not include OTC buyers. Combined with the WTA indicator, these dips are more the behavior of major retail investors, and the blue columns are not obvious in the early stages of the rise.
Switching to the 4h level, we can see that starting on Sep.20, whale participation began to increase. The slope of rise steepens. But in detail, the decrease after the increase in whales is also obvious (shown in the black rectangle). In the first black rectangle, CRV callback and some whales start to take profits and close their positions. After that the price rises again and an upward pin-bar appears. In the second black rectangle, another part of the whales once again took profit, and the price remained fluctuating to protect the whales' profits. We have seen this phenomenon many times with other coins.
Let's talk about something different. We have pointed out two position with green arrows where the bulls experienced strengthening. Although many whales have left. The bulls in this part may be supported by retail investors. If you hold a long position, you can take profits after the bulls decreases. There is a certain possibility that whales will enter the market again after the fluctuation, so in addition to the candles, you need to pay attention to the blue columns on the WTA indicator.
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.
MKR Double Bottom UpdateYesterday, I made a trade with BINANCE:MKRUSDT because of the pattern and long confirmation and for this trade, two take profit areas are set ( Refer to the fib lines ) along with protective stop loss for each take profit hit areas for net profit security. I didn't have an image of my win rate on Binance, but I will provide you the next time :)
I ended the trade because of what my indicators presented, the RSI is on the oversold territory and the MACD line nearly approaching to the signal line in 1-hour timeframe. Meaning, we can see a retracement (possibly another double bottom pattern) of the price movement. If I want to trade this coin, I will wait until it forms a pattern potentially scalp short because of upward trend not until we see a breakdown in the support line particularly in the tp 1 area ( Refer to the the chart )
Overall, confluences of my trade include confirmations, resistance breakout, buy volume, and MACD. Always plan your trades by putting take profit and stop loss in every positions. Happy trading!!!
CRVUSD Bullish break-out on the short-termCurve DAO Token (CRVUSD) broke above the 1D MA50 (blue trend-line) for the first time since July 30, with the 1D MACD breaking above the 0.00 neutral mark. The long-term pattern is a Channel Down since the February 21 High, which hit the November 22 2022 market bottom on its last Lower Low (September 13 2023).
Every 1D candle closing above the 1D MA50 following a Lower Low has seen a bullish extension towards the top of the Channel Down. Last time (July 14) it broken marginally above the 1D MA100 (green trend-line) and almost touched the 1D MA200 (orange trend-line). We are bullish, targeting 0.6000 (1D MA100) unless the MACD makes a Bearish Cross first.
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CRV CAN DROP AGAIN (4H TF)It can move down from the specified range. The green box is an important support that we can use as a target. We have a liquidity pool at the bottom. Candles can collect this pool
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You