Looks like we may be breaking the handle of a cup and handle within a bigger cup and handle. Lol I think we are likely to test the recent all time highs of around $3.65 and this could be the time that we break it and have a lot of room to run.
Curve DAO looks to be broken out of a long down trend and is holding support that was previously resistance. There is a lot of upside potential if we can break the next key resistance level of $3.60.
I made a simple cheatsheet for you, look to levels.
My Bias: Bullish
Basis:
4H MACD: Bullish
4H RSI: Bullish
EMA 12H: Support Price
Volume 1H: Increase
look nice to me, be patient.
BTC: 1Gro97DoABk7BMegn5TKopmMXLKQefej9r
XRP: rw7wnYPy8ZR542piPUNcz8fzmkNZY27WXS
BNB: bnb1r2r3rzad7v0lkmhr4kn6wp5stsr7ur8gknvqp2
UNI:...
4H hollow candles.
An asymmetric triangle has formed, so a price breakout is expected.
Curve DAO Token Price (CRV) = $2.41 +10.47%
0.00004362 BTC12.53%
0.001353 ETH9.74%
Good Luck
Cryptohellas Team
Technical analysis regarding the price of CURVE DAO TOKEN in relation of dollar Tether for the next scenarios, based on 4 hour movement.
Exponential Moving Averages of 34 and 89 periods taking parallel distance and 34 periods guiding the price at the moment.
RSI <50 but gaining strength
Financial volume may gain momentum and also the MACD with buying mass...
Maintaining the harmonic line that keeps the price action by drawing the fibonacci lines we can deduce some of the following levels to take into account for the next three months.
In a broader daily view we see that the movement is gaining strength, waiting to resolve in the next few days to one side or the other. In both cases here are the levels of support.
Curve has been coming around the curve as previously suggested. However, we remain within a larger downtrend channel.
With volume rising, I feel like we have a good chance to break out, but the test will soon show if we can exit this channel and remain above it.
Curve's massive downtrend is rapidly slowing as it bottoms out, and buyers are starting to trickle back in. A nice uptick overnight/this morning, so far > ~20%.
I believe curve will actually live up to its namesake and start to curve back into an uptrend relatively soon.
Keep an eye on this one.
Looking back at Curve over time, we formed a downtrend within this parallel channel, and have yet to have exited the channel.
We are approaching the bottom of the channel once again, and above is just an idea for what I think it may do moving forward over the next few days/weeks.
CRV likes to make inverted head and shoulders, followed by volatile moves up...
Attempting now to break out of triangle after reaching new lows, needs to break and stay above purple line, otherwise may test bottom of triangle again.
A clear break above should take us to 22, 25, 28 or higher, see fibs and parallel fibs for targets.
Break below yellow line may send us down to 15s or lower
4H hollow candlesticks.
As price stays in the uptrend parallel channel we have bullish trend.
Price Forecast up to 114%.
MACD is flat and slightly bullish.
steady volume.
Support and Resistance areas are shown.
Curve DAO Token (CRV)
$2.08 USD (16.44%)
0.00020113 BTC (12.66%)
0.00564531 ETH (5.21%)
Market Cap: $338,555,287,089
24h Vol: $143,330,540,845
BTC...
We hit one adam and eve reversal pattern that went up approx 71% the length of the eve formation.
It looks like we are doing it a second time, short term target approx 22330 sats (where the second cross is)
If we move passed 22660, further upside is possible.
Yesterday we had what looked like a parallel channel uptrend forming, it has flipped and formed a downtrend. We still have a parallel channel at the moment, any further down from here invalidates this channel too.
Trying something new with CRV - this idea has us forming a parallel uptrend, with fibs drawn inside the channel indicating targets.
A clear/clean break below the channel invalidates. Moving up within the channel and stopping near fibs may indicate this is our uptrend, until channel is broken.
