Crvusdt
Curve DAO Crv price will surprise all of us?)And the award for the most unpredictable coin goes to CRYPTOCAP:CRV !)
While the price of OKX:BTCUSDT is correcting and the vast majority of altcoins are following it, #CRV holders woke up after 2.5-3 years of hibernation and said: "Ooooh, now is the best time to buy OKX:CRVUSDT ".
Or how else to explain the 2-months of increased trading volumes in the #CRVUSDT pair and the fact that the price of the #CurveDAO token has been growing quite actively for the last 3 days, if such a phrase is legitimately used with CRV at all )))
‼️ The critical level for August-September for the #CRVUSD price is around $0.60
If they can gain a foothold above that, then maybe we will see CRYPTOCAP:CRV at $1.2 before the end of 2024 !)
CRV deviation before major breakout ?CRV / USDT
Price broke down its historical major support to reach new all time low after bad news recently
At this point its either accumulation or distribution …I think more its accumulation… the buying here could be an opportunity but also has a potential risk for continuation of downtrend
However, if the price can reclaim the major support again it will become less risky with more confirmation for uptrend
Best of wishes
CRV/USDT ENTERING NEW HIGH VOLUME TRENDThe last data shows that CRV/USDT has a good chance to create a new volume in the coming time frames, we will follow up to see if this coin is able to have confirmation in the coming time frames.
CRV/USDT has a history of breakdown trends, we will follow the coin to see if this is the reversal trend. The last data shows a high chance of volume building for this coin.
Can CRV make 10x move?BINANCE:CRVUSDT kept making lower lows but doesn't mean it is not gonna go down more. In my opinion BINANCE:CRVUSDT trading in bullflag pattern which is a sign of reversal and checked bottom line 3 times which we can consider as triple bottom. 0.48-0.52 area is crucial which can decide either go up or make another low, but most importantly BINANCE:CRVUSDT must break upper trend line in order to make 10x move. Also MACD making huge Divergence in 1W TF and great amount of Volume coming in lately. I will be taking profits at those green lines.
CRVUSDT Potential Long Term Accumulation-DistributionIn this analysis, we focus on a long-term accumulation strategy for CRVUSDT.
Accumulation Zones:
$0.4720: Identified as an accumulation entry point for 10-20% of your position. Potential price movement of approximately 10-15%.
$0.4300: Stronger accumulation zone for an additional 5-10%. Potential price movement of 20-25%.
$0.3750-0.3300: Critical demand zone, optimal for accumulating 10-20% of the position. Potential price movement of 35-45%.
Distribution Zones:
$0.7000: First major distribution zone for partial distribution of accumulated assets (1-5%). Potential price movement of 50%.
$1.1410: Next distribution zone for further distribution (5-10%). Potential price movement of 145%.
$2.0974: Higher distribution zone, ideal for 10-20% distribution. Potential price movement of 305%.
Volume Analysis: Increased volume at support levels indicates strong buying interest and validates accumulation zones.
Current market sentiment shows a mix of consolidation with potential bullish reversal signals, supported by the harmonic pattern and volume spikes at lower levels.
This long-term accumulation strategy for CRVUSDT focuses on systematically entering positions at identified accumulation zones and distributing at key distribution zones. This methodical approach aims to capitalize on both the technical patterns and market sentiment, ensuring a balanced risk-reward ratio.
Additional Details about Curve DAO Token (CRV):
Market Cap: Approximately $400 million
Fundamentals: Curve DAO Token is a decentralized exchange optimized for stablecoin trading. It provides low slippage and low fee swaps between stablecoins, making it an essential component of the DeFi ecosystem.
Potential: Increasing adoption of DeFi and the need for efficient stablecoin trading solutions.
CRVUSDT Is Approaching The Down TrendHey Traders, in today's trading session we are monitoring CRVUSFT for a selling opportunity around 0.2970 zone, CRVUST is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.2970 support and resistance area.
Trade safe, Joe.
CRV analysis: Looks bullish for mid-termLSE:CRV has been consolidating within a triangle pattern for almost four years, and it is now on the verge of breaking out either above or below this pattern. It is most likely to be a bullish breakout, potentially moving upward toward three main targets specified on the chart: $0.90, $1.65, and $4.48 over the next few months.
Recap ---- CRVAfter a short rebound, bears appear to be strengthening again. 10 days ago, we talked about CRV. Because Curve founder Michael Egorov used a large amount of CRV as collateral to borrow money, CRV faced a large amount of liquidation after the price fell.
After triggering some liquidations, we saw some traders start buying CRV at the bottom. But judging from the candle chart, the recovery for liquidation is slow. We have observed Curve’s community and related tweets, and it seems that the community wants the sword of Damocles to fall, causing Michael to completely lose his collateral position.
Currently Michael still has a $3 million position in UwU with a health rate of 1.25. It is roughly estimated that liquidation will be triggered when the price approaches 0.25 again. If you are an event-driven trader, then you need to keep this price in mind.
From an indicator point of view, the TSB indicator once again prompted the SELL signal two days ago, which means that CRV will start to fall again. Combining all the information above, opening a short position at this price has a high profit-to-loss ratio.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
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.
When is it gonna happen?As we know BINANCE:CRVUSDT made all time LOW last week, but couldn't able to close a candle below old LOW which is at 0.34. Some might say BOS happened last week, but there are few things that I noticed and still considering LONG-FUTURES trade.
1. Multiple BOS happened since June 2022 somehow couldn't able to close a candle below.
2. MACD Divergence
3. Liquidity movement
4. Volume looking decent and increasing.
0.5 is a minor crucial zone which can decide either long or short. If BINANCE:CRVUSDT able to close a candle above 0.9 will be a huge confirmation to continuously go up even to make higher high in 1W TF.
Lack of Trust ---- CRVOn June 13, the drop of CRV led to the liquidation of nearly $34 million lending positions of its founder Michale Egorov. In 2023, Michale Egorov’s position will also face liquidation risk. It ultimately conducts CRV OTC transactions with institutions and whales to obtain liquidity and reduce the healthy rate to avoid liquidation. But it happened again.
The community suspects that Michale Egorov actually cashed out a large amount of CRV through borrowing and squandered the in the real world. Curve has become one of the DeFi protocols with the highest TVL due to the introduction of the ve mechanism. Curve pools have also become a swap method that traders like to use. However, a good project is controversial because of the founder's behavior.
So far, Michale Egorov has brought the healthy rate of the position back to above 1 through OTC or active liquidation. But the price of CRV has not repaired the drop caused by liquidation. And in the Curve community, there is a voice that hopes that all Michale's positions can be liquidated. Lack of trust is CRV’s biggest resistance.
From an indicator perspective, we can see that the TSB indicator can always prompt opportunities before CRV pumping. And the most recent one happened on June 11, and again shortly after that the liquidation happened. We believe that based on Michale Egorov’s behavior and the mechanism of veCRV, CRV will continue to maintain a downward trend in the long term. You can use the TSB indicator to capture short gains.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
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.
CRVUSDT | Small Move Higher on the Horizon?Market Context
We’ve got an intriguing setup on CRVUSDT! A bullish engulfing candle on the 1H chart, coupled with a trendline break, could be signaling a move higher today.
Strategy
While the market might be quiet today, this calm could allow smaller tokens like CRVUSDT to make some interesting moves. This setup suggests we could see a nice pop!
Let’s keep an eye on this—small tokens often bring big surprises!
CRV Set for Liftoff as Monthly Support Solidifies at $0.40Curve DAO Token (CRV), anticipating a significant upswing in the coming weeks. CRV has found support at a crucial monthly low of $0.40 , potentially signaling a reversal of its recent downtrend.
This monthly previously support has instilled confidence in the token's ability to climb towards higher price targets. I am cautiously optimistic, projecting a potential surge towards $0.70 and even $0.86.
The coming weeks will be crucial for CRV. If the token can maintain its momentum and surpass the $0.40 support level, a surge towards the projected targets becomes a more realistic possibility.
CRV looks very bullishCRV seems to be at the end of a big correction. This correction on the chart started from where we placed a red arrow.
It seems that this modification was a diametric one. Now the last wave of this diametric, the G wave is ending.
By maintaining the green range, it is expected to move towards the targets.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You