I have seen CRV test this area between $1.86 and $2.20 5 times fairly recently as you can see from my drawings on this daily chart. Looking for feedback from the trading community on what you guys think of my analysis, and whether I am on the right track with a lot of the analysis that I publish, most I don't, and I probably should because there are no losses...
In my opinion, if this coin makes a move above $3.72, it will likely retest its all time high @ $6.80. If above its all time high, I will anticipate a larger move to $45.
In my opinion, one should never risk more than one can completely afford to lose. Support at $0 could always be tested.
This trade idea is not financial advice. I am not a financial advisor of...
CRV about to breakout from bull flag. Buy here and after breakout its going to fly.
BUY SETUP:
BUY: 4.2-4.295
SELL:
Target 1: 4.4
Target 2: 4.5
Target 3: 4.6
Target 4: 4.7
STOP LOSS: 3.8
Enjoy!!!!!
Has happened in the past, I dont see why it cannot happen again.
I am not particularly excited about DeFi post EIP 1559, because the upgrade favors staking ETH instead of staking DeFi tokens. For example, you should do much better using a Lido-Crv-cvx staking mechanism over staking UNI. Remember lower ETH fees mean lower staking rewards for a lot of token...
". There is a possibility of temporary retracement to the suggested support line (1.788).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CRVUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is...
