CRVUSD trade ideas
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.
Cup & Handle Spotted !Cup & handle Breakout above $6.00
MACD still bullish looking.
based on Cup and Handle BO price projection , Next TP level is $8.50
_Please be informed that our analysis is based on historical DATA to predict/forecast upcoming movement, our bias may change due to market conditions. _
Disclaimer:
Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management Do Your Own Due Diligence
CRV Curve Finance Update Short term outlook looks OK. BUT our stoch rsi on the daily is cooked (at 100). This can stay in that range but will make its way down eventually. If looking for an entry, wait for the daily to reset. Otherwise, not a bad spot to TP and wait for a chart reset on higher timeframe.
*not financial advice
Fractals fractals everywhereIt seems the altcoin market is waiting in the wings for the next Bitcoin move. The altcoins seem to give some hint at the timing of the next move up. CRV seems to be printing a smaller fractal of the previous leg up from earlier in the year. Assuming this plays out, we should be looking at an end of the year/early next year move up. The buy zone for me is $3.00 - $.3.30
Super Optimistic $CRV UpsideBINANCE:CRVUSD THIS IS NOT A TRADE IDEA, it is a fractal of a similar path $CRV could take if it continues to follow a similar chart pattern to the $ETH hyperbolic rise in 2017. Curve's basing period over the past year looks eerily similar to $ETH in 2016 hence why I have drawn $CRV with percentage moves roughly overlaying what ETH did in 2017.
It's wishful thinking but I do hold a bag and am quite bullish on, - and hopeful for, - three digit $CRV. My only reservation is with the incompetent legislatures and what impact they could have in the intermediate term should they go hog wild in their trough and attempt to reign in DeFi for the banking cartel.
It really depends on what the mother ship $BTC does against the tides of $DXY. And also the usual risk variables of unpolished code etc.
Fingers Crossed, but I'm hoping for a decent return on this one.
CRV scuffed short term outlook.This is some scuffed analysis, don't take this as financial advice!
It appears as though CRV is forming a 5-wave impulse. It has already gone finished wave 1, 2, 3, and possibly 4. *Wave 4 may still be printing*
If wave 4 is done printing, then my scuffed price target is $6.24 - $6.64. The first price corresponds to the 1.618 fib level and the second price corresponds to the top of the parallel channel.
CRV DO or DIE in next 2 to 3 daysA clear Head and Shoulder pattern formed on CRV. TIghtly holding on to $4.65 Support. By any chance, if BTC coin drops to another leg CRV will drop to another 18% ($3.75) Strong Support Zone . If BTC hits $61K we definitely see $7 in a week or so. CRV is so undervalued. In Longterm, this has to hit $25 to $30 Min. WOJAK please short CRV. 🤞🤞🤞