TradingView
TraderMikabot
Sep 25, 2020 2:00 PM

CRV MIGHT GIVE 2X EASILY Long

CRV / TetherUSBinance

Description

Here comes curve finance, CRV.
This defi token that has been over-selling for 41 days.
The daily rsi almost, constantly remained below the level of 30 in extreme sales for so long.
This over-selling and the almost inability to raise its head can create a nice bearish correction wave.
In my opinion, it is one of the easiest projects that can do 2x.
Although it is confusing that the owner of the coin has been making brutal sales for this long, it is also useful to know that it has dropped that much thanks to these brutal sales.
On the other hand, the coin market cap value of this token is $ 59 million, while other projects of close size (in terms of the total value of locked assets on the platform) are about $ 500 million, allowing this project to rise faster. If it falls 50%, there will be a market cap value of 29 million, which would be very funny. Let's see if this crazy CRV owner made these sales to raise funds or let's see if he's high.
Comments
pat71ck
I like it! Definitely a tough start out of the gate with the protocol being launched prematurely. It looks like Gemini just added CRV which is good to see and as you mentioned, relative to where its similar protocols align this is a lot of room for CRV to move over the next several months
More