Curve
CRV - looking very good in this correction timeCurve is a decentralized exchange for stablecoins that uses an automated market maker to manage liquidity.
Market Cap of 1,6 billion is just ridiculous for this project.
Market Cap/TVL (Total Value Locked) Ratio confirms that with value of just 0.08!! (For example UNI is at 1.31 ratio and 13.6 billion Market Cap)
Chart is also looking good. Consolidation after breakout, forming bullish flag, strong bounce from weekly support confirms that buyer stepping in.
Short term price target is top of the flag at around 5$.
Long term I can see it easily at 10 billion M. Cap.
Curve is very undervalued project. Better grab some while it is at just 1,6 billion M. Cap!
CRV/USD - Support retest successful! Back to $5? 😉CRV went back to the ascending trendline and is likely to consolidate just above it before we return on the uptrend.
We still need a bit more time, but the trend remains bullish on CRV. Plus fundamentals are looking great for this coin.
I expect CRV to move towards $10 eventually. ;)
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🌈CRV- testing major support, get readyCRV just recently broke above the area of heavy resistance and is now testing it as a support. The price got rejected from 5.46 level, which actually can be treated as "more reliable" ATH because it is the only clear resistance we can identify, except for the one from the initial pump, when the coin was first listed. You can of course argue with this theory, it's just my approach. Following this assumption, this is the last level to claim. Please remember, that if BTC is going to resume its run (and it looks like it is) most altcoins will either dump or go into standby mode. In case current area doesn't hold, we can expect the price to find support at either 3.15(local level) or 2.68(macro support)
Entry: average buy from current price (4.40) down to key level (3.53)
Targets:
TP1: 5.44
TP2: 6.89
TP3: 10.50
TP4: 14.11
TP5: 16.35
TP6: 23.20 (~500%)
TP7: OPEN++
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About CRV:
Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.
Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.
In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.
Source: coinmarketcap
MY MINIMALIST ANALYSIS FOR CURVE $CRV
10.30.21
1050H +8 SINGAPORE
ADJUSTED CHART
ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE
INDICATORS INCLUDED
AN AREA OF OPPORTUNITY: 1ST SWING ACHIEVED
ZONE FOR AN ENTRY (COILING UP FOR A NEXT SWING.)
Since CURVE is new, I have very little data to fully understand the Market's Character. This affects accuracy.
I will research more on its FUNDAMENTALS for some confluence to my BIAS.
Wishing you all The Best Trades! Thanking you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors!
SHOUT-OUT to All the Cryptoverse Analysts!
Vive Le Austist! Vive Le Retailers! Vive Le Revoluzion!
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONES IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market.
Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, Fibs, Market Dynamics, and especially trading psychology.
Note: This CHART is best used without indicators.
Master your Trading Discipline
and Trader's Psychology
CRV Q1'22 Technical PT: $15 - $19Getting some comments about a PT for Curve, based on the bottom I called in 2 Related Ideas (See below).
Because of where we are in the BTC 4-year cycle (i.e the bullish climax), I believe the 3rd wave will likely have an extended move between the 3.618 and 4.618 fibs, rather than a more traditional 1.618. That indicates a price range between $15.26 and $19.14.
Also indicating a -70% drop sometime in late Q1 / early Q2. These targets are vague given how PA is just starting out. Will refine as PA matures.
Total Market Cap Moves W. R. T. multi dimensional analysisthere, price momentum is slowly down due to many rejection from particular range & market is too volatile due to meme coins....many fresh/old retailors trapped on top in high volatile coins/market,
RSI is in over bought zone in daily timeframe of chart, currently market volume test second phase of RSI near 55. (we can expect momentum from RSI ~51)
0.382 Fibonacci with Gann Fan cross Fib. combination is very good for now @ 2.5T volume if fail : 0.618 Fibonacci at volume 2.36T is very very strongest support (i marked bullish path way in recovery phase )
now again times to recover Dominance of BTC from these key points.
Market is bullish , hodl strong fundamentals coins in your beg.....Good Luck :)
CRV 1D Rising to $8.5 is realWe used to publish a pretty good series of ideas for the CRVUSDT couple
If you want, you can browse them in our ideas with our search.
Today, let's look again what kind of the future movements of the price of CRVUSD
The other day, the price of CRV broke the trendline, under which it had been trading for over a year. Today the price of the Curve token has almost reached the 6$ , which we mentioned in the previous idea.
At the moment we would like to see the retest of this black trend from the top near $3 and there the buyers must show force there, that they will not let the price go lower.
If this condition is met, it will be possible to aim for the continuation of the growth of the price of CRVUSDT in the future with a global target of $8.5
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CRV/BTC - Can Curve break above resistance on BTC pair as well?Curve broke above $4 on the USD pair and now has hit a key resistance level on BTC pair. See below my USD idea on that.
This is the last real resistance before the damn breaks. A break here on the BTC pair would put us on a nice rally to moon.
Plenty of room to go up. Indicators look good to me. Hopefully BTC and ETH don't correct further as they will drag the market down.
Targets on the chart.
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AT CryptoScan: CRV - the long term breakoutI like this chart pattern... consolidated so long, and then formed nicely, with technical setup that is spot on. Then a nice breakout through THREE resistance lines with momentum, closing above the resistance, making them the supports now.
Projection target at 7.50, Feb 2022.
Arrows were my entry points.
Just sharing the classically neat technical set up here.
Pls do your own due diligence... Heads up. :)
Is 73k a possible top?? Confluence is showing this possibilityAfter breaking the ATH it is evident that this is no longer an ABC correction as it had finished at 28.8k as a likely Wave 4 on the macro.
Now a possible ending 5 Wave on the macro or a possible newer Wave 3 is in play.
While trying to look for a new target there is a lot of confluence in both the 1W time frame and the 4H time frame that points to the 73k area.
An explanation to what I'm showing:
- The top-left chart shows the diminishing return logarithmic curve that has been show by many and has proven over the history of bitcoin and is currently its strongest resistance. The price is approaching this area again and if hits before this Weekly candle or the next it will hit around 73k.
- This to me is the strongest example of thinking 73k could be a top just because this log curve has the longest history of all shown here.
- The bottom-left chart shows the current macro Elliot Wave (I currently think after breaking the ATH today we are in Wave 5 now) and a possible fractal that shows the current target.
- Wave 5 could possibly be over now as the 0.618 has been hit, but for me when I do Elliot Waves I always will believe the 0.786 to be the MAX target for a 5 wave
- What is interesting here is the similarities of the 42k -> 28.7k -> 58.4k move of the past compared to the current move from 53k -> 39.6k to our current price now. It does show a bit better on a Daily chart.
- Pulling out a fractal of the past and matching with with the present as shown does target the 73k area as well. This is between the 0.618 & 0.786 so have to believe this as a possibility as well
- The top-right chart shows the current 4H Elliot Wave. Though this could be interpreted differently, it does appear to me that we are in Wave 5 on that time frame and it as well has a target of ~73k which is the golden pocket area.
- The bottom-right chart shows the 4H on a log chart. I have created a log curve of the entire 53k retrace to 39.6k and the current move up. I look to this as a possible timing as to when approx. the 73k top may occur and the start of the possible fallout that may be following but is pure speculation. I do these curves as they are good at finding reversals.
If this is true then bitcoin will be due for a very long-term bear market as a large A,B,C style correction will be likely to follow. I do not have targets yet as I rather see this play out first, especially because breaking the ATH changes all my prior targets.
What would invalidate what I am showing here is a break of 77k (a Weekly close not a wick) which would break the 0.786 of the Wave 5. If that happens then my opinion would be we are in Wave 3 of a new bullish impulse and a higher ATH will come.
I myself am bearish towards the 100k narrative so I feel this is quite probable.
I do believe though that a new possible ATH at 73k will take some time for any long-term bearish target to hit as this current move that started at 29k will take time to distribute. Plus, looking on the Daily RSI it shows no bearish divergences as of yet, even broke 75 which has been resisting for some time now.
I would say a bounce from an initial drop would be above or around 50k and then we would have to re-evaluate once we see what the next move is as even a 73k top could be a possible Wave 3 too.
Would not be surprised to see a new Wyckoff distribution happening also, even if this is a Wave 3. Always have to be mindful of that as this is the type of scenario where they can trap a lot of bullish retail buyers in the end.
Either way things have gotten far more interesting for bitcoin in the coming weeks and months...
***Disclaimer: I am not a financial professional/expert and all ideas from me are all speculation based off of my own research. Please do your own research as well as I am not responsible for others when it comes to their financial decisions.***
The Bear-inatorThe Bear-inator or Bear market curve is a new theory i've been building upon while waiting for BTC to moon ! The general basis of this curve is the identification of similarities in each bull run and the potential indication that it points too .
I spent a while educating myself on the previous runs and noticed big wicked gaps creating a gapped like approach to each run. I had also noticed that most runs ended with a retest of resistance before plummeting to a low. I now identified similarities between runs however i had no way of linking these two ideas until ...
I discovered that pulling a curve from the 'pre-run gap' gave an indication to the current conditions to the market while also giving an indication as to where the marjor resistance may lie in the future. While this theory is yet to be tested in the future , it has been backtested on all previous runs ( par the black swan event ) and the same gap like features gives similar results.
Now while this is a good indicator in hindsight , we have started to follow the same pattern of gapping and ive noticed a few more similarities between this run and a previous run ! The 2018 run and the 2017 run both start with a wider distance from the curve and both result in a parabolic like leg. This gives me hope to a very bullish future while also potentially highlighting areas to watch for the future .
I will continue to monitor this idea and update it monthly while i continue to expand my knowledge - Oliver :D
CRV/USD - $3 conquered, next is $4! CRV has done a fantastic recovery on this new leg up, breaking our resistance just under $3 dollars and quickly making it support!
This is extremely bullish and gives us confidence that we can easily reach $4 which is our next major resistance.
The indicators favor this bias particularlyy MACD and volume which are both bullish on this price ascent. Volume increased as we went up = very bullish and MACD did a bullish cross two days ago, this will last for at least a week or two.
The only time to be concerned is once we approach $4 resistance because we had several rejections at that level as indicated by the lovely yellow hammers. :)
For now, longing this is a nice risk/reward entry. However, be mindful of a possible re-test of our current support, that may provide a better entry, if offered. For now CRV could just pump to $4 without looking back. What can I say, the bears were left behind on this train. :)
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