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Curve

Curve: Massive BreakoutTo stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com With DeFi largely underperforming its peers over the past few months, it comes as no surprise that we're starting to see bullish momentum rotate back into the space over the past few days. This is evident when looking at DeFi's total value locked (TVL), which just jumped from $52.5B on Monday to today's reading of $59.8B. Curve (CRV) is among the various DeFi plays that appear to be regaining bullish momentum... Curve is a software that uses multiple cryptocurrencies to operate an automated market making (AMM) service focused on stablecoins (cryptocurrencies programmed to mimic other assets). One of a number of emerging decentralized finance (DeFi) protocols built on Ethereum, Curve facilitates trading not using a central order book, but rather pools of cryptocurrencies provided by users, who in turn can earn fees through their deposits. Like Uniswap or Balancer, Curve gives cryptocurrency users a way to earn fees on their assets, while letting traders buy and sell those assets at potentially better prices. What sets Curve apart from similar platforms, however, is its focus on markets for stablecoins like Maker and USDT, meant to track the price of U.S. dollars, as well as stablecoins like wBTC and renBTC designed to track the price of Bitcoin. Because of the variety of options on the market, each with its own level of risk, Curve’s goal is to allow stablecoins to be traded with low fees and minimal variation in price. Ok. The technicals. CRV's +25% rally today has pushed the cryptoasset to a new YTD high and through the $3.65 breakout price of a bullish cup & handle pattern formation. Although it's unclear whether CRV will be able to hold above $3.65 and continue trending higher, this breakout could most certainly transpire to a new parabolic uptrend for CRV. To get an implied price target of the cup & handle, first we measure from the lowest point of the cup to the breakout price ($3.65). Then we use that distance to extrapolate from the breakout price. By doing so, we'll find that CRV's implied target is roughly $7, or a +75% gain from CRV's current price of $4. Needless to say, things could most certainly get interesting from here on out...
BINANCE:CRVUSD
by phum126
CRV - welcome to summer levels? vol 2It's less than an hour for the daily candle to close and we can see that it has broken the Fibonacci resistance level 1, about $ 3.50. If in this daily view the apparently bullish movement that we appreciate consolidates, we will consider the new resistance zone between $ 5 and $ 5.50 (mark 1.618 Fib), matching the previous highs back in September of last year. In the event of a downward correction, the levels to be taken into account are reflected here. Thanks again
Long
by harribatu
1
CRV / USDT breakout on the dailyCRV breaks out on strong volume on the daily candle. This is a great place to enter a position, or wait for it to pull back closer to the breakout point of 3.68. I believe the price will come down to around 3.8, but not linger much lower for long. Of course, this all depends on market conditions. A great entry is around here or 3.8 with about a 10% stop loss. Profit target: 25% , 40%, 60% + always dependent on market conditions, reversals, signs of weakness, etc. ---- Update April 2021: We are in a tighter environment in terms of pumps, so I am taking profits sooner rather than later, around 25%, 40% and 60-70% range. It is really up to your experience and comfort on how long you let your winners ride. My Crypto Strategy: I enter trades in 5 and 10% positions (of total trading portfolio). If possible, I add to successful positions (in profit already) to a max of 25% total of portfolio. For the 2021 bull market, my profit taking targets are around 40-50%, in quarters, thirds or sometimes halves. I like to let successful positions ride to 80-100% gains for further profit taking. Depending on the coin and pump cycle, I hold some positions thru 100, 200 or even 300% returns, taking profits on the way up. ($LUNA, $ADA, $BTT) My trading account is entirely separate from my HODL bags, which I do not trade or touch. Trade with me on Binance! Get 10% OFF your trade commissions for life when you sign up with my referral link: www.binance.com
Long
by EddieTradez
CRV cup and handle breakoutCRV looks to have broken out of the cup and handle pattern I mentioned a few days ago. There still looks to be some resistance around 3.80 USD, but if that breaks, 4.40 USD looks to easily be within reach and beyond. There also looks to be no red flags indicating a fake out from MACD and RSI from what I can tell, so it looks like the largest risk I see is if BTC loses support, as no trend is guaranteed and all bets are off if BTC breaks (would love to hear your thoughts if you see something otherwise, so please leave a comment if you disagree). Otherwise, CRV definitely looks to be an alt to keep an eye on in the next few days.
BINANCE:CRVUSDLong
by crypto_trends
$CRV - HTF Long Setup (1/2D)Evident CRV started at high prices and sold off, found a bottom and is now pushing up those initial higher prices Using the 1D chart we can derive the cap of the market is the SR block of $3.6-$3.1 - mid and late August 2020 One we clear this which lines up with the deviation level on the LTF setup there isn't really any resistances, similar to XRP above $1.1 The flat top triangle is pretty clean - equal highs and higher lows, should be an explosive move upwards once flipped Targets would be 1D SR's of $5.3, $6.9 and and the measure move target of $6.2
Long
by InvestmentsHub
3
$CRV - LTF Long Setup (2H)$CRV fundamentals are solid here, DeFi etc. Chart is strong Micro range, deviation beneath (stop hunt), push above, retest and a good push to the upside We have also formed a smaller bullflag in this micro range, bullish accumulation under the resistance of 3.4-3.5 Strong reclaims of mids, break and retest of flag and deviation level marked will all be solid entries as the 1D chart has us pointing even higher! Targets for this LTF setup are 4 and 4.7 dollars Check my next post for the 1D setup, adds to bullish confluence!
Long
by InvestmentsHub
Logistic curve - explain everythingIn trading cryptocurrency practice, the questions arise such as: - how to predict how long the crisis or euphoria phase from the arrival of money will be? - when to expect the next collapse? - what to do between explicit margin calls? - what information to rely on and how to weed out irrelevant? Observing the market and its reaction to the news in the background, including the preparation of the collapse, you can notice that the news alternates: good - bad - good - bad - ... If the news does not carry the size of the apocalypse, they are usually grouped to enhance the impact. The spread of information in society or the growth of a population with certain information can be schematically represented by a logistic curve. At first, few people are interested in a certain instrument. Investors are afraid of buying it, and its price fluctuates around the origin. At this time, the elite, single-handedly possessing important information, begin to buy it, the price rises slightly. In the next step, the information is shared with a small group of insiders. Individual purchases develop into active buying. The price of the instrument starts growing rapidly. The crowd is perplexed and cannot understand what is the reason. At the third stage, news comes out and investors, fearing don't catch the last train out of town, buy this instrument. At the same time, the “elite” and “confidants” happily sell to them at the maximum price (with joy, because at this time the “elite” has new information that the "elite" took into account, a new logistic curve begins in another instrument or the same, but in reverse, sales begin). The third stage ends when the whole society knows about what's happening. They discuss it on public transport, everyone who could have already made a decision and bought it. There is no one else to sell. The most important thing is to determine at what stage the price of the asset is now, which you paid attention to, and about which you received some information. To buy some kind of cryptocurrency and remain a holder for the rest of your life is an unattractive prospect. If you buy a cryptocurrency, then either with the ability to receive superprofits, or with the possibility of project growth in the long term, or both. You should decide if there is a bet on the value growth. I will not show complex mathematical calculations, so as not to scare away the reader. Elliott waves can be recognized and applied. The main thing is not to get into the crowd at stage 3. In fact, if from every possible angle(financial newspapers, news sites, on TV) there is a discussion of an idea, it is no longer news, this crowds of investors are being misled, and this idea should not be used as a defining one for your actions (unless with a different direction, just the opposite). Best regards EXCAVO
BNC:BLXLong
by EXCAVO
20
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.
BINANCE:CRVUSD
by phum126
crv usdt looks bullish fantastic buy opportunityLook at CRV ysdt chart 4H chart its sqeezing between these 2 trendlines I believe at 2.00 USD is fantastic buy opportunity 2.00 first is round number and psyhologival level many many traders put orders with round nuumbers maybe only because they lazy put multiple numbers and for sake of simplicity, then we have fibonacci line very close plus trend line if it breaks upper trendline be ready for big profits 3.00 easy with futures trading 10X its 300% profit!!! This is insane thats why I like crypto with forex you wait years for pair price to increase by 30% with crypto it can happen in days. And technical analysis works exactly same i have feeling even better as in forex. In forex is too many manipulatons but in crypto with smaller coins I have feeling its less manipulated. Odds are very decent for this long. Put SL around 1.9 area
Long
by dzoniijcrypto
6