CRV/BTC buy opportunityHi followers,
I like the market structure that BINANCE:CRVBTC is creating.
After a long period of low volatility and sideways move, the buyers broke above recent resistance, creating higher lows and highs which suggest a possible trend reversal to the up side.
The price is holding above the 21 EMA after retesting the recently broken resistance area.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Crvbtc
CRVBTCEverything on chart.
When BTC dominance increasing always look for both USD and btc charts for all coins before buying
Always follow risk management. BTC can be volatile. We have seen quite a few flash-crashes off late.
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Moment of truth for CRV/BTC7450 sats will be the make or break for this bull run. The CRV/USD pair broke out like a champ.. this would be the last major trendline resistance before we start taking on previous ATHs around $4.64. I think today or tomorrow would be realistic for 7400 sats given the current momentum. Grab your popcorn, hodl.
If 7450 doesn't break.. that'll be the start of a long consolidation period against BTC before more upward movement in the CRV/BTC pair. If it does break, sell the house, back up the truck, load up them lil CRV pups, and don't sell until its life changing.
Of course, do your own research, I'm not a financial advisor.
CRV/USD - $3 conquered, next is $4! CRV has done a fantastic recovery on this new leg up, breaking our resistance just under $3 dollars and quickly making it support!
This is extremely bullish and gives us confidence that we can easily reach $4 which is our next major resistance.
The indicators favor this bias particularlyy MACD and volume which are both bullish on this price ascent. Volume increased as we went up = very bullish and MACD did a bullish cross two days ago, this will last for at least a week or two.
The only time to be concerned is once we approach $4 resistance because we had several rejections at that level as indicated by the lovely yellow hammers. :)
For now, longing this is a nice risk/reward entry. However, be mindful of a possible re-test of our current support, that may provide a better entry, if offered. For now CRV could just pump to $4 without looking back. What can I say, the bears were left behind on this train. :)
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NO REASON NOT TO BE LONGI want to see the price clearly close and consolidate above 2.3$, 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.
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.
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.
CRV Breaks Through The Neckline !As I told in my last review, CRV came down by -12%:
Now, after making a head & shoulder pattern it has broken the neckline and lost the EMA 60 support. Now it's heading toward EMA 100 support and if it lost it either, we can expect to move down toward 0.382 Fibonacci level.
CRV SHORT Opportunity !CRV raised toward the Fibonacci 0.786 level after collapsing from 0.00008500 area. Now it's under the resistance zone and we can expect a retracement in its uptrend from 0.786 level of the Fibonacci. We can also see a bearish divergence in RSI in the 4H timeframe. Try to catch it under the resistance with low risk.