CRV ; it has formed Bullish structreCRV is one of the few currencies that, unlike other currencies, has formed a bullish structure in the last three days.
If the CRV can stay above the support around $2 level, and on the other hand can move break up the $ 2.3 level , we can hope that the buying pressure will increase and the price will rise to the upper resistance line of the long term channel.
Assuming btc will not make a huge dump i am expecting us to more gain on the CRV
Crvbtc
CRV looks-alike BTC before rising from 28khello everybody , i hope you are doing well as always!
CRV look-alike BTC in 22 july 2021 !
everything depends on bitcoin , if it rises the rest of the market will follow it.
if BTC keeps ranging , maybe there will be room for some altcoins to rise.
.....
this is the bearish scenario for CRV.
if we lose 1.8$ - 1.9$ , the next support is around 1.2 $
if we see a drop in the few next days , it's for the whole market.
.....
not financial advice !
stay safe <3
Curve (CRVBTC) Potential Bullish BreakoutCurve (CRVBTC) is now challenging a major downtrend line.
Trading volume coming to a halt.
Support level being tested.
Bullish divergence with the MACD.
Young MACD bullish cross.
Trading above EMA10.
These signal support a break of the downtrend line.
"CRV Can easily grow above this trendline".
Namaste.
CRV, there is a bearish pattern on the chart An upward wedge has appeared on the CRV chart. According to the rules, this is a bearish pattern. The price is now squeezing near the lower boundary of the pattern. In case of a breakout, there could be a good selling opportunity. In case of a false breakout, there could be a good buying opportunity.
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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.
CRV/USDT Technical View Bullish or Bearish..?#CRV/USDT TA Update:-
$CRV currently trading at $6
Now strong support $5.80 is key level.
If hold This support then we can See bullish upward move toward $10
But If failed to hold support $4.80 then we can see $$4.6 and $3.85
Don’t enter without any confirmations.
Support:- $5.80
Resistance:- $6.85
CRV triangle breakout 📐Curve broke up this triangle and I think there is chance for run to 7.55 and even higher. Setting BUY LIMIT order to catch the pullback. CRV come on!
ENTRY : local high @ 4.091
STOPLOSS (SL) : local low @ 3.705
TARGETS (TP) : TP1 - resistance @ 5.3 | TP2 - resistance @ 6.7 | TP3 - height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 7.55
RRR : TP1 - 3.1 | TP2 - 6.7 | TP3 - 9
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
CRV/USD - DEFI Powerhouse defies the market! When $10?CRV is the de-facto DEFI king. The price action shows it, but before the TA, here are some fundamentals.
FUNDAMENTALS:
With over $20 billion locked in Curve finance, this is the largest DEFI token on ETH network by total value locked.
Proof: defillama.com
The second largest DEFI token is also based on CRV... called CVX... at $19 billion. That is over $40 billion in value locked on Curve platform. You are bullish on CRV right?
What CVX does, is to stack on as many CRV as possible to boost their own CRV liquidity pools for additional rewards and APY. If you lock CRV for 4 years, you get 2.5x boost on your rewards. Basically different actors compete on who owns the most CRV to move rewards in their favor via CRV governance.
How does this impact CRV token price?
As CRV is locked for 1-2-3-4 years to boost rewards, there is less CRV circulating around for buyers that have a very REAL incentive to BUY CRV to move rewards in their favor via governance.
Bottom line, CRV goes up. A majority of CRV tokens in circulation are already locked for 4 years!
CRV has very strong fundamentals to push its price HIGHER. Crypto and DEFI whales are nose deep into CRV due to the consistent rewards. The $40 bil locked on Curve proves it. Plus Curve has excellent AMM features for stablecoins and alts.
TA:
The current price is at the highest level since August 2020... A price over $5 is already a huge achievement, but this is likely to go much higher still.
On larger timeframes like 3D presented here, CRV remains very bullish and this last 3D candle appears to show a successful re-test of the $5 level as support after being resistance twice in the past!
If CRV closes this candle above $5 and it continues up, then CRV can rally much higher still.
MACD is bullish and volume remains good. CRV should be a great performer as this price action since July seems to be Wave 3 in a large impulse wave pattern going up.
A price of $10 does not seem impossible and is less than a doubling in price at this time. Then a new correction should follow.
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CRV finished dumping against BTC, to resume uptrendHello everybody,
I think CRV has completed an ABC correction off of a 5 wave Eliiot impulse on the CRV/BTC pair. If this is the case, we can expect the next wave 1 UP next. CRV took quite a beating the last 2 weeks. For CRV, I expect a 2x multiple on BTC percentage gains during this relief rally over the next week or so, as evidence suggests it's oversold relative to bitcoin.
Not an advisor, DYOR :)