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. :)
Curvefinance
CRV : Im just ahead of the curve!Salve
What's up fellas? Why you generating so much SLP !?
Let's check CRV chart but first let see what is CRV at all
CRV is the governance token for Curve Finance. It implemented a complex time-based staking system to exchange CRV into veCRV, where veCRV is an internal token intended for governance purpose and has a right to claim the cash flows generated by the protocol. Similar to Uniswap, Curve Finance is an Automated Market Maker (AMM) based Decentralised Exchange (DEX). Unlike Uniswap, its main focus is only to swap between assets that are supposed to have the same value. This is useful in the DeFi ecosystem as there are plenty of wrapped tokens and synthetic tokens that aim to mimic the price of the real underlying asset.
Targets 4 - 5 - 5.5 - 6
Stop loss 2.3 - 2
have a great day
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 Fire Sale!Back with another $CRV chart lol. As you may know, price action looks pretty awful, especially for alts. I expect $BTC to break to the downside of it's current range and proceed to nuke the entire market with it. Although this unfortunate in the short-term, this will create some amazing buying opportunities for alts, especially those with good fundamentals.
In this chart, I display the previous levels (orange box) which should serve as support as we head for further downside. I also show similar support levels (green box) that correspond to fibonacci ratios in accordance to the 5 leg elliott wave impulse for confluence.
Knowing these levels, I plan on taking advantage of this buying opportunity at the $0.67 and $0.44 levels primarily, with some hail mary bids at $0.33. These levels should at the least provide a significant bounce to the upside imo.
Regardless of the outcome, I am a long-term $CRV hodler as I believe the token is extremely undervalued, and still believe it will reach prices listed on my previous $CRV charts.
As for the bullrun itself, although I may be overly optimistic, I do not believe it is over. Comparing previous bullruns, this being the end doesn't make sense to me, and instead I believe we are having a mid cycle correction/shakeout before resuming but only time will tell.
CRV:USD LONG for gainsg'day mates. here is my CRV bull thesis for this summer:
flat accumulation for months, hasn't pumped yet like most other coins, has normie eyes on it listed on Coinbase, it is under 5$...everything is there for it to send. right now traders and HODLers are looking for growth and specifically for coins that haven't had their pump yet.
CRV is one of the few listed on coinbase that haven't had a parabolic run this spring yet and CRV fits nicely into the "DEFI" sub-category of crypto which as a sector has seen big upward moves over the last few months.
📣 Volume speaks Volume! **Beginning trader & Technical and Fundamental analyst. Received my trader's education at TRi School of Trader Development. This is not trade or financial advice. DYOR.
I want to be Bull this name. This analysis does not speak for a particular setup, though I suppose there is a continuation trade buried in there somewhere. It speaks more to what I would need to see to convince me that we are going to trend much higher out of this little range we seem to be bouncing around in between $3.50-$2.85. Because after that there is little resistance above that and the sky could be the limit with some effort.
Volume precedes price, and there just isn't convincing evidence that the Bulls have taken over. Noted on the chart is an example of what I would like to see. Also, RSI briefly broke out but fell below support and is now trying to claw its way up through resistance. Put in a double bottom along support above the 50 line and I just may catch a ride on the way up.
I'm going to keep an eye out for some of these things to come to fruition before I go spending my heard money in the market.
My 2 cents. Would like to hear your assessment if you care to share.
BINANCE:CRVUSDT
COINBASE:CRVUSD
9 Month Accumulation Ends in a WeekThe highest volume happened at around the $3.2 mark. We could go there again before the fib time zones show us a big move is imminent in the next week. Trend based Fib from the first mega candle from $5 to $30 to the lows at $0.30 shows that the golden pocket is around the start of the double digits.
Get ready, 9 month accumulations on a coin that has a higher TVL than Uniswap now but is still 20x from the same Market Cap/TVL Ratio as Uniswap will most likely have a crazy violent breakout. Viewer Discretion is Advised, the following material is for Mature audiences Only
CRV / USDT breakout on the dailyCRV breaks out on strong volume on the daily candle. This is a great place to enter a position, or wait for it to pull back closer to the breakout point of 3.68. I believe the price will come down to around 3.8, but not linger much lower for long. Of course, this all depends on market conditions.
A great entry is around here or 3.8 with about a 10% stop loss.
Profit target: 25% , 40%, 60% + always dependent on market conditions, reversals, signs of weakness, etc.
----
Update April 2021: We are in a tighter environment in terms of pumps, so I am taking profits sooner rather than later, around 25%, 40% and 60-70% range. It is really up to your experience and comfort on how long you let your winners ride.
My Crypto Strategy:
I enter trades in 5 and 10% positions (of total trading portfolio). If possible, I add to successful positions (in profit already) to a max of 25% total of portfolio.
For the 2021 bull market, my profit taking targets are around 40-50%, in quarters, thirds or sometimes halves. I like to let successful positions ride to 80-100% gains for further profit taking.
Depending on the coin and pump cycle, I hold some positions thru 100, 200 or even 300% returns, taking profits on the way up. ($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
$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
$CRV - LTF Long Setup (2H)$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!
CRV/BTC Long CRV/BTC is quite undervalued for what it offers.
It is the exchange token for the Curve.finance DEX and
offers the right to vote on exchange wide decisions.
Price is heading toward the diagonal resistance
initially formed in early last September with a diagonal
support line coming up after the bottom formed
in early January and a higher low was printed mid March,
contracting the price priming it for upwards expansion.
Madrid Ribbon flipped green (not pictured, would make chart messy)
The Ichimoku printed signs of a bullish reversal:
-TK cross occurred last week,
-Price has moved above the TK
-Lagging span has moved above price.
However Ichimoku is still not convincingly bullish yet:
-Kumo cloud is red
-Price is within the cloud
-Lagging span is below the cloud
-TK is below the cloud
Once a bullish Kumo twist occurs, the price moves
above the cloud, the TK moves above the cloud, and
lagging span moves above the cloud we can feel
strongly that a move to the upside could be coming.
A more risky but potentially more rewarding play is to
enter a position before the Ichimoku becomes fully
bullish at an S/R flip of the gray diagonal resistance,
with confluence that the cloud too has been flipped
to act as support around
.0000640
Mid term targets sit at the black horizontals at
.0001519
and
.0002204
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.