CRV/USD:: Major Upside up 0.60 holdsCRV looks good for a major move to the green zone if 0.6 area holds.
CRVUSD.P trade ideas
CRV token starting it's Bull MarketIn my point of view Curve Dao token was in a Zig Zag correction from the beginning and finally it seems to coming to an end. More possibility to break this purple trend line(falling wedge/Ending diagonal) upwards and continue it's new bull market. Currently we are in a good buy zone. Minimum Bull Market targets are 4$-6$.
DYOR. Manage your risk and fund
Crypto CRV/USD (Possible bounce?)
View On CRVUSDT (16 June 2023)
CRVUSD is in
* Bearish in short term (Intraweek)
* Bullish in Mid term (1 to 3 months)
* Bullish in Long term (3 months onward)
CRV has been under the bearish control for a while and it touched near a strong support 0.5~0.55 region.
The volume traded is rather hugh too.
Now we may see some rebound.
It shall easily swing back UP to 0.65 and 0.70 possibly.
DYODD, all the best and read the disclaimer too.
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1D CRV/USD Looking at the CRV/USD chart, It looks like CRV is at a 1Day resistance level. If we can manage to break this level and retest, it might give us a great buying opportunity with a target of .72 cents. We need to flip the resistance level 'red rectangle' and turn it into our new support.
Use proper risk management and this is not financial advice.
CRV Price Analysis: A Bumpy Road AheadModest Recovery: CRV price hints at a potential double bottom reversal after a minor bounce back.
Morning Star Formation: At the 61.80% Fibonacci level, a morning star pattern emerges, suggesting a turnaround.
Challenging $0.72: A reversal could lead to testing the $0.72 high, signaling a possible breakout.
Muted 2023 Performance: Despite a recovery in Q4 2023, CRV only managed a 4% return for the year.
23% Decline: From its high of $0.72, CRV price has dropped significantly.
Golden Crossover Threatened: The ongoing pullback endangers the potential golden crossover in CRV's chart.
Higher Low Formation: Despite volatility, the price maintains a higher low formation, a positive signal.
Trading Volume Insights: Last Tuesday's 5.10% drop was supported by a spike in trading volume, but the subsequent recovery lacks volume support.
Dynamic Averages as Resistance: The declining 50-day and 200-day EMA are turning into resistance points for CRV.
Technical Indicators Mixed: RSI shows a sideways recovery trend, while the EMAs present challenges.
$1 Price Target: If CRV can break above the $0.72 high, it might aim for $1.
Downside Risks: A fall below $0.50 could see CRV testing lower support levels at $0.47 or $0.40.
CRVUSD (4H) - Bearish breakoutHi Traders
CRVUSD (4H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 0.490 support level. Only the upward break of 0.552 would cancel the bearish scenario.
Trade details
Entry: 0.490
Stop loss: 0.552
Take profit 1: 0.451
Take profit 2: 0.389
Score: 6
Strategy: Bearish breakout
Curve Finance Approves $49M Payout for July Hack VictimsCurve Finance community votes to reimburse $61 million in losses from July hack, ensuring trust in decentralized finance security.
The decentralized finance (DeFi) community of Curve Finance has taken a decisive step toward addressing the aftermath of a significant security breach in July. In a recent development, most of Curve’s token-holders, accounting for 94%, voted in favor of a plan to reimburse liquidity providers (LPs) who were financially impacted by the $61-million hack. This approval, confirmed through on-chain data on December 21, sets the stage for distributing over $49.2 million worth of tokens.
The proposed reimbursement scheme is designed to cover losses across several pools, including Curve (CRV), JPEG’d (JPEG), Alchemix (ALCX), and Metronome (MET). This calculation considers the Ethereum and CRV tokens present in these pools before the hack and the CRV emissions that LPs missed out on in the ensuing months. The Curve community fund will provide the necessary CRV tokens for this compensation. The final sum also accounts for the tokens that were recovered post-incident.
Curve Finance Community Votes on Post-Hack Reimbursement Plan
The security breach that triggered this series of events occurred on July 30, exposing vulnerabilities in various DeFi protocols and raising concerns about their impact on the broader crypto ecosystem. Curve’s total value locked (TVL) was nearly $4 billion. The affected pools included alETH/ETH, pETH/ETH, msETH/ETH, and CRV/ETH.
Although a significant portion of the stolen funds was recovered, the affected pools still faced a deficit due to the actions of Maximal Extractable Value (MEV) bots. The Curve proposal aims to rectify these shortfalls and ensure that affected LPs are made whole.
The identified vulnerability was in stable pools utilizing certain versions of the Vyper programming language, commonly used in DeFi protocols for its compatibility with the Ethereum Virtual Machine. Versions 0.2.15, 0.2.16, and 0.3.0 of Vyper were found to be susceptible to reentrancy attacks, which the attacker exploited.
Curve’s Response to Incident Strengthens Community
This incident and the subsequent response by the Curve community highlight the evolving challenges and responsibilities faced by DeFi protocols. It underscores the importance of robust security measures and continuous vigilance against potential vulnerabilities. The Curve community’s proactive stance in addressing its members’ losses is significant in building trust and stability within the DeFi ecosystem.
CRV price Ready To Jump To $1Rounding Bottom Reversal Opportunity: CRV's price action suggests a rounding bottom reversal, indicating growing momentum in the recovery rally.
Long-Term Trendline Breakout: A breakout from the long-term trendline marks an end to the bearish phase and signals a trend reversal.
Potential Rise to $0.70: Sustaining above the 50-day EMA could propel CRV's price to around $0.70.
Double Bottom Reversal Catalyzing Uptrend: A double bottom reversal has been fueling the current bullish trend in CRV price.
Breakout Above Dynamic Resistance: The price has successfully challenged and surpassed the dynamic resistance of the 50-day and 200-day EMAs.
60% Jump in 50 Days: CRV has seen a significant 60% increase in price within the last 50 days.
Current Trading Price: CRV is trading at $0.6679, showcasing an intraday growth of 3.17%.
Technical Indicators - MACD and EMA: The MACD indicates a bullish crossover, and a potential golden crossover in EMAs suggests an impending trend reversal.
Possibility of Reaching $1 in 2024: If the uptrend continues, CRV could potentially reach $1 in 2024, with a bullish pattern completion at $1.26.
Risk of Retesting Lower Levels: A reversal below $0.62 could extend the downtrend, potentially leading to a drop to $0.55.
CRVUSD Bullish break-out on the short-termCurve DAO Token (CRVUSD) broke above the 1D MA50 (blue trend-line) for the first time since July 30, with the 1D MACD breaking above the 0.00 neutral mark. The long-term pattern is a Channel Down since the February 21 High, which hit the November 22 2022 market bottom on its last Lower Low (September 13 2023).
Every 1D candle closing above the 1D MA50 following a Lower Low has seen a bullish extension towards the top of the Channel Down. Last time (July 14) it broken marginally above the 1D MA100 (green trend-line) and almost touched the 1D MA200 (orange trend-line). We are bullish, targeting 0.6000 (1D MA100) unless the MACD makes a Bearish Cross first.
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Here’s How CRV Can Rise To $1!CRV price action indicates a positive reversal in a bearish channel.
Strong overhead resistance at the $0.60 mark.
If CRV sustains above the 50-day EMA, it could rise to $0.70.
CRV is trading at a 99.16% discount from its all-time high of $60.50.
Short-term trend for CRV shows signs of improvement.
CRV price reversed from the $0.40 mark.
Current price surpasses the 50-day EMA but struggles to sustain.
Overhead resistance at $0.60 is the next barrier.
Technical indicators are optimistic about the upcoming trend.
MACD shows a bullish gap post-crossover.
RSI has risen from the oversold zone.
A potential breakout at $0.60 could push CRV to $0.80 and eventually to $1.
CRV Short squeeze Currently there is news going around CRV founder sold tokens, while having an handshake otc agreement with other buyers. These buyers seem to be off loading as price is now near there otc purchase price.
Retail is all over this news. Excessive shorts have been entered giving exchanges and market makers a perfect setup for a short squeeze.
CRV - Looking interesting
Curve DAO may have finished an Elliott Wave cycle, with a possible completion of Wave 5 (black) / Wave C (blue).
Price action is still not convincing to the upside, but I´m watching smaller timeframes for a reversal.
There is also bullish RSI divergence on the daily.
This scenario invalidates below 0.4011.
✴️ Curve Goes Bullish ($1.11 Easy, $2 Target Possible)We have a mixture of interesting signals here on the Curve (CRVUSD) chart... Join me!
Yesterday we had a nice jump with a full green candle that managed to close above EMA50, opening the doors for mid-term bullish potential.
This is supported by above average volume and a strong RSI.
At the same time we can see a local descending channel being broken; a downtrend broken as an old uptrend resumes.
The targets are as follows for this bullish wave that is now developing:
1) $0.90 can happen easy and fast.
2) $1.11 is the main resistance to break for higher prices.
3) $1.26 can also work as resistance on the way up and if conquered, the higher high can lead to $2 if the bulls are strong.
This is not financial advice.
Remember to do your own planing, your own research...
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Namaste.
