CRVUSDT.3L trade ideas
CRVUSDT Elliott Waves Analysis (LONGTERM)Hello friends.
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Everything on the chart.
Entry zone: 0.33 - 0.28
Targets: 0.7 - 1.3 - 1.9
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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CrvusdtIt doesn't really get more 'looks like a reversal mid print at range lows' than that
Otc sale that started crv nuking was for 40c if I recall so makes sense we'd bounce here
Not to mention this was valued at 40c mid fud last bear market also if i recall correctly..
So its a full retrace from the 2021 hype cycle sitting here..
Still a bluechip despite hack fud also imo..
Alts at max disengagement psychologically also around here..
So this should be where smart money starts bidding... or do we have one final capitulation in store for total3?
$CRVgot battered with the hack now has had time to accumalate
invalidation below white line and playing this as a low leverage swing trade till .8 zone
CRV 3d is bottom but keep in mind...CRV is at a critical point where it must hold the red b point and close below it. Otherwise, it will head toward the blue area or the red area at the bottom.
If you want to enter now, divide your trade to 50 and 50, also if you enter now then your SL will be closing 1d below the blue area.
Moreover, we have two falling wedges and we have short to long term targets, so choose wisely.
All the best insha Allah!
Curve / US Dollars (CRVUSDT) Token Analysis 11/09/2023Fundamental analysis:
Curve functions as a decentralized exchange specializing in stablecoins, employing an automated market maker (AMM) to oversee liquidity management.
Its journey began in January 2020, and Curve has since become closely associated with the decentralized finance (DeFi) movement, experiencing substantial growth in the latter part of 2020.
In August, Curve introduced a decentralized autonomous organization (DAO) featuring CRV as its native token. This DAO leverages the Ethereum-based creation tool, Aragon, to establish connections among various smart contracts responsible for handling users' deposited liquidity. It's worth noting that governance within this DAO differs in terms of its weighting and other key aspects compared to Aragon.
Curve has garnered significant attention by fulfilling its role as an Automated Market Maker (AMM) specifically designed for stablecoin trading.
The introduction of the DAO and CRV token has added to its profitability, as CRV serves a governance function and is distributed to users based on their level of liquidity commitment and the duration of their ownership.
The surge in DeFi trading has solidified Curve's position in the industry, as AMMs continue to handle substantial amounts of liquidity, leading to increased user profits.
Consequently, Curve caters to a broad spectrum of DeFi participants, including those engaged in yield farming and liquidity mining, as well as individuals seeking to optimize returns while holding relatively stable and non-volatile stablecoins.
The platform generates revenue by imposing a modest fee, which is then rewarded to liquidity providers.
Curve entails the typical risks associated with depositing funds into smart contracts and engaging with Automated Market Makers (AMMs), primarily the risk of impermanent loss.
Given that Curve exclusively deals with stablecoins, the likelihood of rapid market fluctuations is diminished. However, users may still experience losses when markets undergo rebalancing to align with cross-market price adjustments.
While Curve has undergone audits, it's essential to recognize that these audits do not eliminate the inherent risks associated with exposure to a particular cryptocurrency.
Curve (CRV) made its debut in August 2020, coinciding with the launch of the Curve DAO. Its primary role is to serve as a governance mechanism, provide incentives, facilitate fee payments, and offer a means for long-term earnings to liquidity providers.
The total supply of CRV tokens amounts to 3.03 billion, with the majority (62%) allocated to liquidity providers. The remaining tokens are distributed as follows: 30% to shareholders, 3% to employees, and 5% to a community reserve. It's important to note that both shareholder and employee allocations are subject to a two-year vesting schedule.
CRV did not undergo a premine, and the gradual unlocking of tokens indicates that approximately 750 million tokens should be in circulation one year after the initial launch.
The founder and CEO of Curve is Michael Egorov, a Russian scientist with diverse experience in cryptocurrency-related ventures.
In 2015, he co-founded NuCypher, where he assumed the role of CTO. NuCypher is a cryptocurrency company focused on developing privacy-preserving infrastructure and protocols.
Egorov is also the brain behind LoanCoin, a decentralized bank and loans network.
Curve's core team is integrated into the CRV allocation structure, entitling them to receive tokens over a two-year vesting period as per the initial launch plan.
In August 2020, Egorov acknowledged that he had "overreacted" by locking up a significant number of CRV tokens in response to yearn.finance's voting power, resulting in him obtaining 71% of governance control in the process.
Technical Analysis:
As we observe, the price is currently trading within a range bounded by the Fibonacci retracement levels of 78.6% and 95%. Notably, there is a potential support level at $0.15.
For the anticipated bullish cycles, we have established three potential price targets:
First Target Price (1TP): $6.75
Second Target Price (2TP): $8.5
Third Target Price (3TP): $11
It's worth noting that there are multiple resistance levels marked on the chart, corresponding to the Fibonacci retracement levels.
Sentiment Analysis:
Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels and current Price.
CRV USDT PERP Hello Trader OKX:CRVUSDT.P
most likely to experience the potential to create a double bottom pattern
as there is support that has not bounced for 2x due to the long bearish phase for this pair.
long enough for this pair
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Disclamer: Not Financial Advice
all leverage 20X
small risk big reward on CRVUSDTLooking at the chart, CRV has been hit hard lately. Only by exiting this consolidation (on a 15-minute chart) with a leverage of x 25, I will achieve 100% profit. I think this is a good time to take a long position with little cash and observation...
SL 0.448
CrvusdtStop-loss is atl
Tp is range high
4.4rr even with the stop out at a price never seen before in terms of usdt
Decent odds.. unless we're in for one final capitulation..
CRV Strong Bounce LevelCRV seems to react strongly to pings at the macro log support.
Long term targets shown - great spot load zone right here.
Entertainment only, not financial advice.
CRV showing a very good investment opportunityHi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 693 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
CRV 2H Will go uptrend?CRV offers the most beautiful and simple charts, including:
Uptrend line,
Double bottom pattern,
Clear resistance and support zones.
This opens up new possibilities for buying from support or when there's a breakout.
CRV on the short list with the level of 0.4405Hello everyone!!!
AIHermes today identified the coin CRV on the short list with the level of 0.4405
Entry model - breakout! Leverage 10-20X
Stop short.
1st target - 0.401
Trade with us, trade better than us!
Today:
18 coins on the short list
12 coins on the long list
CRV: Falling WedgeTrade setup : Price has now broken below $0.50 support, which is where price previously found support in Nov and Dec 2022. It is oversold (RSI ~ 25) but overall trend is down so we prefer to wait for a breakout from Falling Wedge pattern, which would signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.50, which it broke, then $0.40. The nearest Resistance Zone is $0.75 (previous support), then $1.00, and $1.25.
CRV/USDT - the perfect stormWith a constant crypto market sell off, I am definitely going to monitor this point! Great potential R/R
Future - CRVBuy entry: 0.575-0.58
Stop: 0.563
TP1: 0.593
Tp2: 0.614
Thank for your attention, like and share if you agree with my idea.
CRVUSDT Presenting a Bullish Scenario? Curve Analysis Today💎CRVUSDT is presently navigating within a descending channel and making lower lows and lower highs on the 1D timeframe.
💎One critical point to notice is that it is positioned near a crucial support level, which aligns with the POC of VRVP.
💎 Just beneath, there's a pronounced demand zone and additional significant support that CRV could potentially approach for a retest.
💎 While there's a minimal likelihood that CRV may breach both these supports and persist in its decline, we're hopeful that CRV will emerge from this channel in the upcoming days.
💎Keep a lookout for further insights and relish your trading voyage with #MyCryptoParadise.
CRV : Time to LET GO of a Sinking DEX?Hi Traders, Investors and Speculators of Charts📈📉
One of the most important lessons you can learn in life is when it's time to let go. This holds true, even for crypto.
A recent hack caused a significant amount of damage to Curve Finance. As we thought the price of CRVUSDT couldn't possibly go any lower... CRV, Curve's native token, plummeted and is now nearly falling off my screen.
On July 30, Curve Finance was hacked for over $73 million worth of crypto. The hacker exploited a reentrancy vulnerability in Curve's code to drain liquidity from multiple pools.
(For Nerds): A reentrancy vulnerability is a type of exploit that occurs when a function calls another function, and the second function calls back to the first function. This can create a situation where the first function can call itself infinitely, which can lead to a denial-of-service attack or a financial exploit.
In the case of the Curve Finance hack, the hacker exploited a reentrancy vulnerability in the code for Curve's stablecoin swap function. The swap function allows users to swap one stablecoin for another. The hacker exploited the vulnerability by calling the swap function multiple times, each time withdrawing more liquidity from the pool. This caused the pool to become depleted, and the hacker was able to steal the remaining funds.
Reentrancy vulnerabilities are often found in smart contracts. Smart contracts are often used to automate financial transactions, and they are therefore often targets for hackers.
The anon hacker has since returned over $61 million worth of the stolen funds, but the remaining $12 million worth of funds is still missing.
AS YOU GUYS ALL KNOW, If you've been following me for a while , as soon as I see a > -95% drop in a coin's value WITHOUT a quick recovery... I can't help but lose faith. It's an obvious sign that the demand is lacking, the project has no real interest from the market. I feel sorry for the team; they've been around for a while and it's a well-know project. This hack was really the last thing that they needed. BUT, it happened and unless they can come up with great new way to add value to CRV, I won't be holding any more CRV.
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CryptoCheck
CRYPTOCAP:CRV BINANCE:CRVUSDT BINANCE:CRVUSDT.P BINANCE:CRVUSDT.P
CRVUSD ❕ under the resistance areaThe price continued to move under the range after the fixing.
I believe that the chart will continue to decline.
CRVUSDTHello Traders,
As we can see that CRV is lying on a slent line, if it dont break downward then we can expect a bullish move from here, follow chart pattern before opening position.
