CRVUSD
CRVUSD: "CUP" has formed, awaiting for "HANDLE" to confirmAs we can see in the 1D Chart, CRV is forming a handle right now and if we are able to break out the white line, our next potential target might hit 5 (only when the candle have successfully broke and stay above the white line)
Looks promising, so you might want to put this in your watchlist and pay attention to the 1H, 4H & 1D Chart.
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Trade wisely folks.
CRV / USD (Curve DAO Token) Main trend. The Dragon. A cup.The main trend of this coin. The coin appeared in September 2020. At the moment, there is a pronounced uptrend. The classic Dragon formation has worked.
At this time, a local cup with a base of 100% has formed. The price is at her resistance. The first local target in the event of a breakout of the 3.5 level (yellow level) is the development of the targets of this formation, similarly, at about 100%.
This level of 3.5 is a very important resistance. A breakthrough of it and fixing the price above it will give further development of the trend. If the trend develops further, then the goals are impressive ....
But, it should be remembered that at the moment the coin, especially in the pair to USD from the reversal zone of the secondary trend, is at the "XXX". Therefore, you need to trade carefully and in compliance with risk management. In cases where this important resistance is not broken, the potential for short work opens. Key levels are shown on the chart.
In the pair to CRV / BTC, an upward channel has formed with a potential for resistance of about 150%. At the moment, the price is at the bottom of it.
Perhaps this coin with the name of a not good woman will please everyone with a big profit. But, it should be remembered that you should not mess with CURVE and similar temporary creations for a long time, otherwise this word will often erupt from your lips.
I honestly love this chartWhen Curve DAO is able to use this Gold trend line as support, the price action has played out very bullish. However, if we retest it again soon and break down, we should look for support around the black trend line in the blue level which has been recent support. If we should above it though, my price target it around $6.
CRV/USD - Under resistance. Breakout possible to $5.7!CRV has moved very nice in the past few days, now reaching a key resistance level at $3.7.
Once we clear that resistance CRV will have a clear path to $5.7.
MACD on daily is bullish, with a nice expanding MACD on the positive side and RSI is also moving higher. The only thing we lack is a bit more volume.
However, do not jump now into CRV, best to wait to see how price reacts at $3.6 level. If we clear this level, we're good to go much higher.
Bias remains bullish. Enjoy the profits.
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CRVUSD: $6 Soon?!CRVUSD appears to be in the final innings of a cup & handle pattern formation, which suggests that CRVUSD could move to ~$6 in the not so distant future. For this to happen, CRVUSD needs to continue to respect the upward support of the handle and move through $3.50 resistance. That's no small task, but certainly within the realm of possibilities when considering the current trend in the 14-day RSI and how tight the Bollinger bands are getting.
As always, BTC dictates the broader macro trend for the alts. A CRVUSD break out implies that BTCUSD doesn't enter into a downward correction over the next few weeks.
CRV/USD - Path to $3 is set... 🚀🚀🚀CRV broke out of the ascending triangle in blue after doing a beautiful retest of resistance turned support (top of the triangle) yesterday.
This confirmed that we will have continuation and a higher price level. This was confirmed today and we're clear to go to at least $3 before facing any significant resistance.
If we manage to break $3 then we're clear to re-test our local high at just over $3.6. After that, FOMO is in order.
The indicators are also looking sexy, MACD is positive with a nice cross, RSI is expanding up and volume is not that bad... great.
Bias remains very bullish on CRV so far we keep price above $2.4 which is also our support.
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CRV pump potentialForming a base and parabola, broke over decending diagonal and restested it (green), and about to break over resistance. In a rising wedge but these rising wedge tend to breakout in a pump and blow off top as in January 11th. Otherwise the rising wedge breaks down to the channel support. Targets outlined by orange boxes.
Curve (CRV): All levels to watch!I made a simple cheatsheet for you, look to levels.
My Bias: Bullish
Basis:
4H MACD: Bullish
4H RSI: Bullish
EMA 12H: Support Price
Volume 1H: Increase
look nice to me, be patient.
BTC: 1Gro97DoABk7BMegn5TKopmMXLKQefej9r
XRP: rw7wnYPy8ZR542piPUNcz8fzmkNZY27WXS
BNB: bnb1r2r3rzad7v0lkmhr4kn6wp5stsr7ur8gknvqp2
UNI: 0x112F395E94a7084Ca6dAa9Ba1462192Ac56570F5
USDT: 0x112F395E94a7084Ca6dAa9Ba1462192Ac56570F5