Curvedao
$CRV to decline ~50% to low $1 regionFrom looking at the chart, you can see price just rejected the $2.65 resistance which now sets up the possibility for $CRV to fall 50% from these levels down to the $1.38-$1.69 region.
I've put key dates on the chart to watch for changes in price action.
Let's see what happens over the next month or two.
$CRV update: $1.88-$2.08 before higherAs you can see from the chart, $CRV has been moving in a large channel since early 2021. We've had multiple reactions off the top of the channel without being able to break through it.
We recently just rejected the top of the channel again.
I lean towards a retest of the $1.88-2.08 region and a retest of the bottom of the channel before the real bull run begins. This should happen sometime in early to middle December. That would be an amazing buying opportunity, should it play out -- as I think afterwards, CRV could run to $30+ afterwards.
Let's see how it plays out over the coming month.
CRV Curve Dao: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Curve Dao Token (CRVUSD).
The chart is self-explanatory. The price has the potential to move up as the RSI and MFI show support for the move. Keep an eye on the S/R areas as well as the Ichimoku Cloud above. I put the Fibonacci Retracement to show where the price may get to before resistance. Volume has fallen but the oscillators are in the oversold area so possible move upwards. If Volume doesn't come in, the upward price may not be sustainable.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Ichimoku Cloud, Volume, Fibonacci Retracement, EMA Ribbons, and Simple Moving Average.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
$CRV $1.68 then $8+?$CRV looks like it's beginning the process of correcting. Still think we may see one more new low in the next few days to the $2 range. Then think we'd bounce to the $3-5 range before correcting down to $1.68 for a final low in March/April.
From there, I think CRV will actually start to run with the first stop being $8 likely in the summer. Resistances above if prices manages to break through it.
Let's see how it plays out.
CRV (Curve DAO) Token Analysis 31/05/2021we are holding Positions on this Token from this Point:
we have defined 2 Paths for Scaling IN and OUT:
Fundamentals:
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.
Curve has gained considerable attention by following its remit as an AMM specifically for stablecoin trading.
The launch of the DAO and CRV token brought in further profitability, given CRV’s use for governance, as it is awarded to users based on liquidity commitment and length of ownership.
The explosion in DeFi trading has ensured Curve’s longevity, with AMMs turning over huge amounts of liquidity and associated user profits.
As such, Curve caters to anyone involved in DeFi activities such as yield farming and liquidity mining, as well as those looking to maximize returns without risk by holding notionally non-volatile stablecoins.
The platform makes money by charging a modest fee which is paid to liquidity providers.
Curve carries the standard risks associated with depositing funds in smart contracts and dealing with AMMs, namely impermanent loss.
As Curve only supports stablecoins, the risk of markets moving too quickly is reduced, but users can still lose money once markets are rebalanced to reflect cross-market prices.
Curve has been audited, but this does not do anything to counter the risks involved in being exposed to a specific cryptocurrency.
The founder and CEO of Curve is Michael Egorov, a Russian scientist who has various experience with cryptocurrency-related enterprises.
In 2015, he co-founded and became CTO of NuCypher, a cryptocurrency business building privacy-preserving infrastructure and protocols.
Egorov is also the founder of decentralized bank and loans network LoanCoin.
Curve’s regular team is part of the CRV allocation structure, and will receive tokens according to a two-year vesting schedule as part of the initial launch plan.
In August 2020, Egorov said that he “overreacted” by locking up a large amount of CRV tokens as a response to yearn.finance’s voting power, awarding himself 71% of governance in the process.
Curve (CRV) launched in August 2020, along with the Curve DAO. Its purpose is to function as a governance medium, incentive structure and fee payment method, along with long-term earnings method for liquidity providers.
The total CRV supply is 3.03 billion tokens, the majority of which (62%) are distributed to liquidity providers. The remainder is divided as follows: 30% to shareholders, 3% to employees and 5% to a community reserve. The shareholder and employee allocations come with a two-year vesting schedule.
CRV had no premine, and the gradual unlocking of tokens means that around 750 million should be in circulation one year after launch.
he live Curve DAO Token price today is $1.76 USD with a 24-hour trading volume of $156,254,939 USD. Curve DAO Token is up 1.73% in the last 24 hours. The current CoinMarketCap ranking is #101, with a live market cap of $646,590,324 USD. It has a circulating supply of 366,466,815 CRV coins and a max. supply of 3,303,030,299 CRV coins.
Technical Analysis:
the current Market fall caused CRV to Fall at its 78.6% Level of Fibonacci Retracement and it has already showed some good support.
there are high chances that the Price start its new Rally and shoot for the Higher Targets soon after some reaccumulation on this zone.
the Reaccumulation may take some time and we can see some renege Bounding at this area but it will ultimately go for the Specified targets even after some more retracement to the lower level.
we can see a hidden Bullish Divergence with MACD which is the sign of bullish trend Continuation.
the Targets are defined by the Fibonacci projection of the Impulsive wave followed by its Lowest point of retracement till date.
Curve DAO Token (CRV) Analysis 07/03/2021earlier we have analyzed this token by Price Action Techniques and we capitalized on it,
now we are updating it...
we are opening new position on it again and there are total of 3 TPs specified by Fibonacci Projections.
the 1 Tp is the Immediate one and very easy to achieve,
we get the 3 TP confirmation, if the 2TP gets triggered by one impulsive wave and some retracement or price correction.
we can trill our stop loss after the 8 USD birched.
CRV triangle breakout 📐Curve broke up this triangle and I think there is chance for run to 7.55 and even higher. Setting BUY LIMIT order to catch the pullback. CRV come on!
ENTRY : local high @ 4.091
STOPLOSS (SL) : local low @ 3.705
TARGETS (TP) : TP1 - resistance @ 5.3 | TP2 - resistance @ 6.7 | TP3 - height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 7.55
RRR : TP1 - 3.1 | TP2 - 6.7 | TP3 - 9
INVALIDATION : when SL level hit
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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.
$CRV looks good for a pump. $8+ After months of consolidation, Curve Dao looks primed for a pump. Once it gets over $2.86 and tests it as support, I think price will move quickly to $8.28, and potentially all the way up to $11.80.
I added key short term dates and longer term dates to watch for changes in price action. Let's see how this plays out over the coming weeks.
$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
$CRV/USDT 2h (Binance Futures) Descending channel breakoutCurve DAO broke-out and looks good for bullish continuation, let's enter on a small pull-back.
Current Price= 1.441
Buy Entry = 1.403 - 1.369
Take Profit= 1.499 | 1.596 | 1.699
Stop Loss= 1.292
Risk/Reward= 1:1.2 | 1:2.23 | 1:3.33
Expected Profit= +16.30% | +30.30% | +45.16%
Possible Loss= -13.56%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 1 week
CRV cup and handleCRV looks to be another alt showing a cup and handle pattern.
There is still some room for CRV to continue sideways or even downward (as indicated by the wedges with green lines and green dashed lines), but it looks like it is maybe one more alt that could be heading upward out of the cup and handle pattern soon or continue to form into a wedge in the short term.
🆓Curve DAO Token/USDT Analysis (22/1) #CRV $CRVCRV's way of increasing is quite risky because it is easy to create a strong dump to $2.5 or even $2 zone in this February.
If CRV conquers $3.5 zone, the highest target that we can calculate is $4 zone.
CRV needs more time to create a clearer future
📈BUY
-Buy: 2.5-2.6$. SL B
-Buy: 2.0-2.1$. SL B
📉SELL
-Sell: 3.3-3.5$. SL A
♻️BACK-UP
-Buy: 3.3-3.5$ if A. SL B
-Sell: 4.0-4.2$. SL A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"