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CRV

CRV: Approaching SupportCurve (CRV) technical analysis: Trade setup : Price was trading in a Channel Up pattern but broke out of it, bearishly, below the channel support trendline and below $0.75 support zone. Curve (CRV) is a well-established DEX used primarily for swapping of stablecoins. It suffered an exploit recently but there are signs of stabilization and recovery in its business. Price catered down to $0.50 support, where it’s found support so far, and with robust volumes. That’s also where price found support in Nov and Dec 2022, before it set off on a big rally. It’s a higher risk trade, since overall trend is down. Pattern : Price was trading in a Channel Up pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.50. The nearest Resistance Zone is $0.75 (previous support), then $1.00, and $1.25.
Long
by altFINS
CRV (Curve DAO) Token Analysis 03/05/2021we have earlier analyzed this token and Achieved our Targets: Currently Holding it in Our portfolios, now Updating the target: Fundamentals: Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity. Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020. In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects. Curve has gained considerable attention by following its remit as an AMM specifically for stablecoin trading. The launch of the DAO and CRV token brought in further profitability, given CRV’s use for governance, as it is awarded to users based on liquidity commitment and length of ownership. The explosion in DeFi trading has ensured Curve’s longevity, with AMMs turning over huge amounts of liquidity and associated user profits. As such, Curve caters to anyone involved in DeFi activities such as yield farming and liquidity mining, as well as those looking to maximize returns without risk by holding notionally non-volatile stablecoins. The platform makes money by charging a modest fee which is paid to liquidity providers. Curve carries the standard risks associated with depositing funds in smart contracts and dealing with AMMs, namely impermanent loss. As Curve only supports stablecoins, the risk of markets moving too quickly is reduced, but users can still lose money once markets are rebalanced to reflect cross-market prices. Curve has been audited, but this does not do anything to counter the risks involved in being exposed to a specific cryptocurrency. The founder and CEO of Curve is Michael Egorov, a Russian scientist who has various experience with cryptocurrency-related enterprises. In 2015, he co-founded and became CTO of NuCypher, a cryptocurrency business building privacy-preserving infrastructure and protocols. Egorov is also the founder of decentralized bank and loans network LoanCoin. Curve’s regular team is part of the CRV allocation structure, and will receive tokens according to a two-year vesting schedule as part of the initial launch plan. In August 2020, Egorov said that he “overreacted” by locking up a large amount of CRV tokens as a response to yearn.finance’s voting power, awarding himself 71% of governance in the process. Curve (CRV) launched in August 2020, along with the Curve DAO. Its purpose is to function as a governance medium, incentive structure and fee payment method, along with long-term earnings method for liquidity providers. The total CRV supply is 3.03 billion tokens, the majority of which (62%) are distributed to liquidity providers. The remainder is divided as follows: 30% to shareholders, 3% to employees and 5% to a community reserve. The shareholder and employee allocations come with a two-year vesting schedule. CRV had no premine, and the gradual unlocking of tokens means that around 750 million should be in circulation one year after launch. The live Curve DAO Token price today is $3.30 USD with a 24-hour trading volume of $164,292,749 USD. Curve DAO Token is up 2.08% in the last 24 hours. The current CoinMarketCap ranking is #104, with a live market cap of $901,653,314 USD. It has a circulating supply of 273,444,536 CRV coins and a max. supply of 3,303,030,299 CRV coins. Technical Analysis: The Token has done its initialization and accumulation phase followed by impulsive waves and Distributions, currently the Price is Reaccumulating for the next Move UP to the higher ATH. there are total of 3 Targets defined by Fibonacci Projection of the initial impulsive wave and the consecutive Retracements, we can see the price has already Touched the 1 TP but, yet we can consider it as our 1 Target as the Price is still below it and has chances of more fall to the lower support areas. There are Few Strong Support Areas on the past Price Actions which are having confluences with Fibonacci Retracement Tool.
Long
by BitonGroup
12
CRVUSDT Potential Consolidation and Upside Breakout in Sight💎Currently, #CRVUSDT has reclaimed its position above the demand area and the 50 Exponential Moving Average, indicating a positive shift in the price action. Furthermore, the price remains above the uptrend trendline, while the downtrend trendline has yet to be tested. This consolidation between the two trendlines suggests a period of potential consolidation until a decisive breakout occurs, either to the downside or the upside. 💎However, based on recent price movements, the probability now favors an upside break, which could lead to a notable surge in #CRV. Chart analysis reveals the presence of three Fibonacci-based resistance levels. It is crucial to closely monitor the second resistance level, which aligns with the 261.8% Fibonacci retracement level. This level holds significance for two reasons: it is a double Fibonacci level, confirmed by the 261.8% and 61.8% Fibs, and it coincides with the psychological round number of $1.00. 💎Naturally, if #CRV experiences a confirmed daily break and closes below the recent lower low, our bullish outlook would be invalidated, potentially inviting more selling pressure. However, as long as the price remains within the established trendlines, the potential for an upside breakout remains. Stay alert, Paradisers, as we closely monitor #CRVUSDT and await the decisive move that will shape its future trajectory.
Long
by MyCryptoParadise
CRVUSDT: Breaking the Rising Channel with Bullish Momentum. 💎Recently, #CRVUSDT surpassed the boundaries of its ascending channel, signaling a positive price action. This development has resulted in a change of the mid-term trend from bearish to bullish, increasing the chances of another upward wave. 💎We observe how the previous supply zone has transformed into a demand area, and the current pullback presents a compelling risk/reward opportunity for potential buyers. However, it is important for #CRV to hold its position above this demand area to validate the bullish scenario. Only then, we can anticipate at least one more wave to the upside, with the price targeting a significant resistance area around $0.86. 💎Conversely, if the price breaks below the current support level, it may lead to a continuation of the pullback, potentially reaching the uptrend trendline or the Volume Profile support at $0.67. Regardless, the current probability favors a continuation of the uptrend, and the MCP team is actively preparing to seize potential opportunities.
Long
by MyCryptoParadise
Key Factors in #CRV's Mid-Term Outlook💎 The mid-term trend for #CRVUSDT is undergoing a shift from bearish to bullish. This transformation is supported by the recent price action, which has witnessed the formation of higher highs and higher lows. Adding to the positive outlook, the Volume Profile level has transitioned from acting as resistance to becoming a support zone, as evidenced by three consecutive bounces over the past week. Moreover, #CRV is currently trading within an ascending channel, with a recent bounce from its lower boundary. 💎 If #CRV manages to hold above the current demand zone, we can anticipate a swift upward movement, targeting $0.81 level. This represents a potential 20% price increase, which is remarkable considering the prevailing market conditions. The $0.81 price level holds significant importance, as it coincides with the top of the ascending channel, a previous demand zone, and the downtrend trendline. This convergence of key features makes it an enticing target for bullish traders. 💎 While the odds currently favor an uptrend, it is essential for Paradisers to remain cautious and prepared for a potential downside breakout. Such a development would likely alter the direction of the mid-term trend. Nevertheless, bullish traders are likely eager to seize such a compelling risk-reward opportunity. Trade wisely and seize the opportunities that lie ahead, Paradisers! Your ParadiseTeam 🌴
Long
by MyCryptoParadise
CRV price - "Inverted Head and Shoulders" pattern on a chart ?Today we will analyze the price movement of CRVUSDT on the global chart. It can be assumed that the global "Inverted Head and Shoulders reversal pattern" has been forming on the CRVUSD chart for the past year. At least, the price structure and the falling trade volumes from the left to the right shoulder correspond to those described in the Encyclopedia of Trading Patterns. A surge in trading volumes should occur after the price of CRV tries to break through, and hopefully breaks through and consolidates above the $1.18 level . As you can see from the trading history, there was a lot of struggle between buyers and sellers around this level. But before that, buyers need to break through and gain a foothold above the local level of $0.80-0.82. Buyers have a lot of work to do to revive speculators' interest in the CRV Well, after the CRVUSDT price is firmly established above $1.18 , the Inverted Head and Shoulders pattern will finally activate. At the same time, the long-term target for the growth of the CRV price, which is in the range of $3.50-4.50 , will be activated, and we were remembering the average - $4 per Curve DAO token. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
27
Potential Breakthrough Ahead with RSI MomentumThe CRV (Curve DAO Token) has recently rebounded from the established daily support range of $0.756 - $0.79. With the local resistance zone located between $0.92 - $0.93, there is a possibility of a price movement towards this area. It is recommended to exercise patience and await a test of the support zone before considering new entry positions. Additionally, the Relative Strength Index (RSI) level currently stands at 58, indicating moderate strength and momentum in the CRV's price. This suggests a balanced market sentiment with potential for further upward movement. However, it is important to closely monitor price action and consider other relevant factors before making any trading decisions.
by MonoCoinSignal
6
CRV/BTC - Curve: BBand_Breakout Super-Trend◳◱ A Bollinger Band breakout and a Super Trend pattern have been noticed on the LSE:CRV / CRYPTOCAP:BTC chart, indicating a bullish trend. The Bollinger Band shows a probable positive trend as the price has moved outside of the upper band, while the Super Trend confirms the bullish trend. To buy at the current price range and aim for higher levels would be a solid option. The key resistance levels are located at 0.00003101 | 0.0000321 | 0.00003407, and the major support zones can be found at 0.00002904 | 0.00002816 | 0.00002619. ◰◲ General info : ▣ Name: Curve ▣ Rank: 64 ▣ 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: 0.00003077 ₿ ▣ 24HVol: 5.694 ₿ ▣ 24H Chng: 1.217% ▣ 7-Days Chng: 1.61% ▣ 1-Month Chng: -13.45% ▣ 3-Months Chng: -33.87% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00003101 | 0.0000321 | 0.00003407 ◢ Support: 0.00002904 | 0.00002816 | 0.00002619 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -4.58 ▣ Last 90D: -1.66 ▣ Last 1-Y: 0.24 ▣ Last 3-Y: 0.20 ◲◰ Volatility : ▣ Last 30D: 0.62 ▣ Last 90D: 0.76 ▣ Last 1-Y: 1.19 ▣ Last 3-Y: 1.81 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.61 - Bullish ▣ Twitter sentiment score is 0.49 - Bearish ▣ Reddit sentiment score is 0.66 - Bullish ▣ 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. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF