LUNA is Rekt - The How and Why Terra UST was the 3rd biggest stable coin and lost its $1 peg causing LUNA to spiral
Once UST lost its peg from $1 to for example $0.50, someone could buy 100 UST for $50
and redeem it for $100 of LUNA and then sell that to USDT — making money on the arbitrage.
This essentially is what triggered the Death Spiral for LUNA because the price of LUNA is
dropping with the peg, it became race to redeem for LUNA before the value drops below
the redemption price
The UST peg failed for two main reasons:
Curve pool imbalance (On Chain Selling)
$350m UST was swapped for USDT using the Curve protocol. This left a disproportionate amount
of UST versus other stablecoins in the pool for users to swap against, thus lowering the
value of UST "on-chain"
Curve is a crucial piece of the DeFi ecosystem, allowing users and dApps to swap stablecoins efficiently.
The massive selling of UST on Curve created an imbalance in reserves, leading to the value of UST falling below the peg on the protocol.
The remaining portion of UST withdrawn from Anchor protocol was sold on centralized exchanges
like Binance driving down the value on those markets as well (Off Chain)
S-curve
Curve | CRV at a potential reversal pointCRV currently trades below its MA50. Once it moves above $2.42 and closes above the MA50, I would like to enter and aim for at least $3.3, preferably higher.
What is interesting is that the volume hasn't been so low since last July. So, hopefully we can see some volume move into CRV and lift this off towards my targets.
If CRV cannot cross $2.42, I can see it dipping towards its white dashed support line.
Let's see how this plays out.
Thanks for your support.
Have a good one.
US30 SELL ZONE Continued US30USD now can stable inside the channel and if can break the curve will drop more so now will try to break it to down.
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SELL ZONE
from 34620
to get 34480 & 34350 & 34200
sl.: 34860
Recession warning on S&P500?The 2-year and 10-year Treasury yields inverted for the first time since 2019 . On Thu Mar 31st , the yield curve showed a possible warning signal that a recession could be happen at anytime, but the curve needs to stay inverted for a substantial amount of time before it gives a valid signal. People get excited about the yield curve because, historically it has been a good predictor of the onset of recession.
Against a backdrop of searing inflation, Russia’s War in Ukraine and a commodity shock, the relentless flattening of the yield curve and its predictive qualities has market watchers on edge.
Goldman Sachs Group Inc. sees the odds of a U.S. recession as high as 35% in the next year, while Grant Thornton’s Diane Swonk sees the twin blow of Fed tightening and higher oil prices potentially tipping the economy into a recession. The yield curve may serve Economists more than Investors, the key factor in the yield curve inversion is that, while it can often forecast darker days ahead for the economy, it is NOT a sell signal for those who invest in stocks
DeFi Hype Play - CRVDear traders,
Intro: My name is Hugo, I am 25 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
The chart looks amazing IMO. The price action of Curve (CRV/BTC) has experienced a long consolidation period. Now, the range of consolidation is getting extremely tight. If this blasts through, I think it will be an extremely swift move.
If it rejects, I will be scaling some of my Bitcoin into this coin around 0.00004573 sats.
& here some for the FA guys:
Curve is a popular automated market maker (AMM) platform that offers a highly efficient way to exchange tokens while maintaining low fees and low slippage by only accommodating liquidity pools made up of similarly behaving assets. While this approach results in lower fees for the liquidity providers who supply the pools with tokens, Curve incentivizes their participation by integrating with external DeFi protocols and delivering rewards in the form of CRV tokens and interest.
Goodluck,
Doctor Hugo
Dogecoin price:Target for the end of 2022Many people would like to know what the price of dogecoin will be at the end of 2022.Certainly no one knows the exact answer to this question.But due to the war in Ukraine and the sharp rice in oil prices, the economic growth of the world will slow down.More reasonable targets should be set for the growth of digital currency prices.On the other hand , President Joe Biden will sign an executive order tomorrow that is widely expected to favor the adoption of digital currencies.If Bitcoin reaches a price above 60000 $ ,the doge coin price will reach 34 cents.
Curve (CRVUSDT) Breaking BullishCurve (CRVUSDT) might not look really strong as there is plenty of room left for additional correction but things can change.
The candle 24-Feb. gives it away.
We also have bullish divergence with the indicators and a break above EMA10.
3 White Soldiers if we close green today.
Namaste.
Curve (CRVBTC) Potential Bullish BreakoutCurve (CRVBTC) is now challenging a major downtrend line.
Trading volume coming to a halt.
Support level being tested.
Bullish divergence with the MACD.
Young MACD bullish cross.
Trading above EMA10.
These signal support a break of the downtrend line.
"CRV Can easily grow above this trendline".
Namaste.
⚡️⚡️ #EPS/USDT - Potential 103% ⚡️⚡️⚡️⚡️ #EPS/USDT - Potential 103% ⚡️⚡️
#BLOCKSHOT
Signal Type: Spot - Long
Exchange: Binance
Note: Double Bottom || Looking like floor price || Breakout needed
Entry: 0.144 - 0.167
Target 1: 0.177
Target 2: 0.208
Target 3: 0.248
Target 4: 0.293
Stop-Loss: 0.133 or None
"Good Things Come To Those Who Wait,
Great Things Come To Those Who HODL"
CRVUSDTHi Everyone , How's Going?
CRV JUST Stuck with the Dynamic Trendline , in my idea there is two senario here , if volume go up expect to break the trendline and go up to 4.22$ but if not crv retrace and after that expect to break the trendline , so its not financial advice
MANAGE YOUR RISK
BE PATTIENT and Choose the BEST
GOOD LUCK
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
BTC: Double top / M pattern + Longterm curve lineHello,
When looking at the BTC charts I can see this as a longterm outcome.. This means my ultimate bottom lies around 19k-20k.
I hope we will not reach that, I would much more appreciate it if the maximum bottom would be around 25-30k for a quick reversal, however looking at how the curve is going all these years.. how we are now under it and how other lines + the M pattern lines up.. I will trade accordingly and Dollar Cost Average (DCA) all the way to this level.
My strategy is the "percentage wallet" strategy, meaning my amount of stablecoins (which I split up in gold, dollar and euro) vs my amount of crypto (which I split up in btc, eth and altcoins) differs every week. At the moment my cryptowallet is around 36%, it was 27% at 43k when we dropped and it has been 44% at the 35k bottom. I sold alot past week though, bringing it to 36%.
I am preparing multiple buys until 20k, around 10% around the 28-31k level (as many other traders), I skip the 25k-27k zone and I start another 10-15% buy at the 20-23k region. This would be a big buy because I expect a good bounce from this level. If we bounce from there, I will probably resell some of the bought crypto at 20k. Probably around 30-35k. This way I can keep compensating earlier buys and I can aim for an ultimate bottom.
In the end, as you can see in the chart, my goal for BTC is still ATH in the coming 1 or 2 years. I don't think markets are ready to slide into crisis yet.. That would be "too simple". However IF we really go into another bullish cycle, I am prepared to sell 70% of my total cryptowallet.. probably bringing my stablecoin wallet to 80 or 90 %. I think that the next bullish cycle could be the last for now, before we reach some bearmarket.
By the way, google M pattern... If we are looking at a "bearish 5-0 pattern" then we are in for a good bottom around 10-20k.
FX beacon- why AUD traders needs to focus on the US yield curve Lots of chatter in the market about the US yield curve headed ever closer towards inversion – clearly, much of this move has been driven by short-term rates which have seen 2yr Treasuries push to 1.19% (the highest since Feb 2020), with fed funds futures pricing close to 5 hikes through 2022.
I have shown the US 2s v 10s spread, but US 5s v 30s is certainly getting smacked and at 43bp is probably the part of the curve that will invert first. So, if we know yield curves have been one of the best predictors of future economic stress and recessions, surely it makes sense that the AUD will co-vary with curve flattening? The AUD being a beacon of cyclicality and growth expectations.
For fundamental traders, especially swing and certainly position traders, understanding what a currency pair is most sensitive to can help cultivate a short-term edge. If you know what to look at it can save you a ton of time, right?
Well, we can look at Asian equity markets and see AUDUSD fairly well correlated here and we can take our pick of the Aussie yield curve over the US curve – however, in this exercise I see a solid relationship in play between the AUDUSD and US yield curve – it tells me if US long-end rates outperform and 10yr yields drop faster than short-term rates then the AUDUSD is headed below the 70-handle and the December swing low of 0.6993.
For those trading the AUD, and who want to know why it's moving from A-B and what could cause it to go to C…the yield curve is your central guide right now.
$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.
CRVUSD within a Channel Up aiming at $12.00Curve has been trading within a Channel Up since late July, all within the wider uptrend of a Fibonacci Channel. The token is still outperforming the market average during this correction and is about to complete an Inverse Head and Shoulders (IH&S) formation within the Channel Up. Interestingly enough, the most recent IH&S pattern was back during the May market sell-off, and was what practically paved the way for the sustainable Channel Up.
Based on the 1D CCI indicator, a break above its Lower Highs, signals the start of a new bullish pattern. Currently the price is about to test those Lower Highs. If broken, our target will be $12.00.
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CRV Update: Falling Towards First Short-Term Buy ZonesCurve Finance ($CRV) has been discussed as a focal asset among many popular DeFi 2.0 protocols. Convex, most notably, has amassed a large relative percentage of outstanding CRV governance tokens.
After a sustained multi-week upward trend, CRV has climaxed and, correlating strongly to a downward movement with BTC, has seen bleeding of market cap recently.
Areas near the $3.50 and $3.35 mark reflect support on a yearly timeline and maybe lucrative buy points.
As always, the market watches BTC.