CRVUSD trade ideas
Curve (CRV) Next Pump Target is $2.50So long as this alt cycle remains bullish and unbroken by a Bitcoin correction, another CRV pump is highly likely, this time to $2.50.
$2.50 - $2.60 is a key level - it is both previous support from when CRV initially launched and fell from its overvaluation of $10+, and the next Fibonacci line.
Fibonacci lines are a very strong technical tool when used on new assets, like CRV, that have very little price history. Most traders will simultaneously use them to decide where to buy and sell, creating dependable, self-fulfilling support and resistance.
After its latest pump, CRV is cooling off and will likely see a phase of low-volume consolidation within these fib lines. Some are taking profits late, some are cutting losses after chasing the pump and buying the top, while smart money that took profits will be re-accumulating towards the 0.618 and 0.5 fib lines.
CRV - CURVE FINANCE - stable coin swap liquidity pool for banks?www.coingecko.com
Its up there on volume. Has apparently good swap costs compared to the other big guys.
The question is in the title, will banks eventually use these stable coin swap liquidity pools in their back end capital movements?
Eventually they will be running with and/or on crypto networks, public and private, using stable coins in exciting new financial instruments... so maybe they will use these tools. IF so, and this one remains secure, it could rebound. HARD.
This one is right at the top of the "FROM ATH" list in the >10M market cap list.
>50x sound nice?
Yeh
CRVUSD (Waiting for the trend line Breakout)#CRVUSDT Technical Analysis Update
Waiting for the Trendline Breakout
CRV/USDT currently trading at $0.565
LONG ENTRY: Above $0.605 (Only enter long if 4 h candle close above $0.605)
STOP LOSS: I will update once I see the Breakout
Resistance level 1 (Target 1): $0.700
Resistance level 2 (Target 2) : $0.855
Resistance level 3 (Target 3) : 0.960
Max leverage: 2X
ALWAYS KEEP STOP LOSS...
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