Crvusdt
(CRV) POTENTIAL GIANT "CUP AND HANDLE" PATTERNHello everyone !
Today the black cat trader is analyzing BINANCE:CRVUSDT based on a weekly chart.
CRV seems to show us a potential giant « Cup and Handle » pattern.
What we can see :
First, based on this pattern, we can situated our neckline at approximately 3,60 $ which is our major resistance. Secondly, we can considered the descending trend line as a second resistance that price must break to go higher.
What we can expect :
1. To validate and complete this beautiful cup and handle pattern the price must first break the descending trendline to gain the top of the handle which is situated at approximately 3,60 $ .
2. Once the price will break the C&H neckline we can expect a pull back on the neckline which would be a good support to go higher.
OBJECTIVE :
If we complete this pattern we can expect the price to go at : 6,90 / 7 $ (x3 from the today’s price)
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MAY THE CRYPTO BE WITH YOU GUYS
CRYPTO - CRV - Another classic Wyckoff in SOS Phase. Possible 2XCRYPTO - CURVE CRV - Another classic Wyckoff in Sign of Strength (SOS) Phase. Volume is falling on the selling. STO is bottoming out. RSI has just tweaked a lower low which makes me think we have one more pull back before we moon. Your buy zone will be around 2.00. Target 1 = $4.00. 100% sounds nice to me.
NO REASON NOT TO BE LONGI want to see the price clearly close and consolidate above 2.3$, 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.
CRV to the moon. A coin that discouraged everyone last seasonI have only used fundamental analysis in this chart and my recent Bitcoin analysis has made me consider giving you this great idea. This week will be the decisive week of Bitcoin weekly with a number of indicators that have a very high probability of giving good signals. This is one of those coins that last season a lot of people held and then left it, which was the decisive factor that made this retest be perfect.
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$CRV/USDT 4h (Binance Futures) Parabolic curve under resistanceCurve DAO has grown a lot after breaking out bullish, now approaching supply zone we expect some rejection up there.
Current Price= 2.303
Sell Entry = 2.349 - 2.435
Take Profit= 2.156 | 2.020 | 1.820
Stop Loss= 2.581
Risk/Reward= 1:1.25 | 1:1.97 | 1:2.7
Expected Profit= +19.74% | +31.1% | +47.82%
Possible Loss= -15.80%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
CRVUSDT🌟from now in lower time frames this alt either goes in a big side way stance or goes in high bullish bias , followed by a greater bullish stance in mid term after that so its a reasonable time to enter and save for targets
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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.
CRV - broke the global trend line. Time to buy❓🤯Many people have asked me about the CRV coin. There is a very nice picture on the chart. The price has broken the global trend line. Tested it as a support. At the same time, the lows are rising, which is a good signal for continued growth. From the highs of this spring, the asset has corrected 77%, which is a lot, at least you can expect a good pullback.
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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