Just an idea, it's happened 4 times now with this token, can we do it a 5th time? Ask BTC for permission ;) Previous related ideas linked below - also posted another idea earlier today (W shaped recovery), channel already invalidated, but something like that may play out also. Alternatively, we head down further and this was not a real bottom.
Here's a new idea after following the inverted Head and Shoulders move: We have formed an uptrend, this is our new channel, movement within the channel may look something along these lines (pun intended), and if so - it'll be incredibly profitable. Alternatively, if we continue downwards from here, it's possible we form a double bottom on the longer time-frames.
Inverted Head / Shoulders / Triple Bottom confirmed, we broke the neckline for the HSi and for the triple bottom move, and hit both targets 1 and 2. We're currently testing the 0.5 fib from today's move. If we get passed the green box where target 2 was, we can expect potential for a much larger move up. Zoom out to see long term fib levels for potential...
CRV has triple bottomed and is in the process of forming a giant inverted head and shoulders, and has already formed 3 smaller sets of inverted head and shoulders within that pattern. Need to break above dashed yellow line (1) for confirmation, and break above the green box (2) to see a mega-move. As mentioned before, Curve Dao has also been hovering between...
Broke below expanding wedge, if this isn't a fake breakdown, we may be moving down. If we get back into the channel and stay, a re-test of the 4 dollar resistance area is possible.
CRV / BTC - CurveDAO has formed a bull flag after reaching a bottom. Also, a while back I posted an idea that we might form an inverted head and shoulders before making a stronger move. Let's see if they play out. Be wary as this is a new token with not much history and anything is possible, also beware BTC as always :)
CRV double-bottomed with a slightly lower bottom, and then broke out of it's long-term downtrend and gave us another >30% move. It has now made multiple attempts to break through resistance here (red box), and we've printed an inverse head and shoulders below the resistance. These don't always play out, so trade carefully. 30+ % is a wonderful place to take...
Bottomed once with inverted HS, may bottom again here slightly lower (double bottom). Close below green line at bottom invalidates setup. ***!!!Also, be wary of BTC and BTC dominance - can invalidate any altcoin chart!!!***
Curve is one of the good projects, that didn't pump yet. 1H hollow candlesticks. Once price breaks that downtrend yellow line (in 4h timeline is more clear), we might see some gains. Forecast prediction: 32.66% in 1d 14h 86.41% in 2d 11h MACD is flat. volume rising. Support and Resistance levels shown as horizontal lines. Either way price is gonna pump any time...
We just broke out of the longer term downtrend (purple triangle) and the short term downtrend (red channel), if this holds we could have a nice move up. Targets - 3500-3600 sats, 4100 sats, 5500-5900 sats (stretch goal) - need to cleanly get passed 2600s (purple channel) area to move up. Potential for much higher move if we break all three. ** Note - this is...
This may turn out to be an inverted Head and Shoulders Pattern instead of a Double Bottom. Difficult to say with a brand new asset and very little history, this is just an idea, let's see if it plays out.
Let's see if we do this (see link below) again on the higher timeframe. Long from 2700 area. If we break 4100, we may go up to the .786 fib or just below (if not higher). Link -
We found a bottom and printed an inverted head and shoulders two days ago, now it looks like we may be forming a larger inverted head and shoulders around it.
If we get a sustained cross above the line drawn above, we have confirmation of a double bottom pattern reversal and can expect bullish movement
The most controversial coin of the year reached the bottom. Next target 20 dollars? What do you think?