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.
Crvusdt
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 $0.40 support level, a surge towards the projected targets becomes a more realistic possibility.
CRV looks very bullishCRV seems to be at the end of a big correction. This correction on the chart started from where we placed a red arrow.
It seems that this modification was a diametric one. Now the last wave of this diametric, the G wave is ending.
By maintaining the green range, it is expected to move towards the targets.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CRVUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity.
Everything on the chart.
Im waiting for growth from current price or through one more decline in 0.33 - 0.3$ zone.
Entry: Market and lower
Targets: 0.73 - 1 - 1.3 - 1.6
Main target zone: 1.6 - 2$
Stop: (depending of ur risk).
ALWAYS follow ur RM.
risk is justified
It's not financial advice.
DYOR!
CRVUSDTHi guys
This cryptocurrency is one of our watch list. If the long-term downward trend line is broken, we expect an upward trend similar to the scenario.
Buying or adding volume on these areas is very risky. The price areas of $0.6675 and $0.5517 are low-risk areas for buying.
What do you think?
CRVUSDT 1W LONG📈Hi all. Timeframe 1 week. CRVUSDT has been in accumulation for almost 2 years with increased buyer volumes. I am considering recruiting to the spot from the current ones, with an unlikely addition from the green zone. Also long/futures upon breakdown/retest of the blue trend line, with margin and stops. Marked goals and levels on the chart.
CRV/USDT should price respect key support? 👀CRV Today analysis💎 CRVUSDT is currently exhibiting notable strength, hinting at a potential bullish reversal from its support level at $0.5800. If the price maintains its momentum at this level, there is a significant likelihood of a bullish upswing that could surpass the nearby supply.
💎 Considering historical patterns, Curve (CURVE) has consistently followed a downward trend, frequently encountering resistance around $0.7293. We anticipate that the price may revisit the support level at $0.5800 before embarking on a further bullish trajectory. Interestingly, this level has been respected twice in the past.
💎 In the event that LSE:CRV faces challenges in maintaining its momentum at the $0.5800 demand, we expect a bullish recovery from the lower demand zone around $0.5387. However, a breach below this point could potentially lead to additional declines. Let’s remain vigilant and be prepared to adapt our strategies as needed.
CRV to move higher towards $1BINANCE:CRVUSDT tested the range low twice since 2023. After its latest test, it began to move upwards. The level of 0.70 was a significant testing point, where liquidity was absorbed. Within 2024, I anticipate the movement to continue towards $1.0 first and then towards $1.3.