CRV looks to be another alt showing a cup and handle pattern.
There is still some room for CRV to continue sideways or even downward (as indicated by the wedges with green lines and green dashed lines), but it looks like it is maybe one more alt that could be heading upward out of the cup and handle pattern soon or continue to form into a wedge in the short term.
When Curve DAO is able to use this Gold trend line as support, the price action has played out very bullish. However, if we retest it again soon and break down, we should look for support around the black trend line in the blue level which has been recent support. If we should above it though, my price target it around $6.
earlier we have analyzed this token by Price Action Techniques and we capitalized on it,
now we are updating it...
we are opening new position on it again and there are total of 3 TPs specified by Fibonacci Projections.
the 1 Tp is the Immediate one and very easy...
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...
CRV's way of increasing is quite risky because it is easy to create a strong dump to $2.5 or even $2 zone in this February.
If CRV conquers $3.5 zone, the highest target that we can calculate is $4 zone.
CRV needs more time to create a clearer future
-Buy: 2.5-2.6$. SL B
-Buy: 2.0-2.1$. SL B
-Sell: 3.3-3.5$. SL A
-Buy: 3.3-3.5$ if A. SL...
we are observing this crypto Token since last 100 days and we can see a long consolidation in the pair.
if we observe the same pump in BTC soon we can see that the market dominance will distribute the funds to other sector too and Curve DAO token is also will get a good effect so we shall be having an eye on this token too
please comment your ideas
Keeping a close eye on CRV after finally bucking the trend and holding new support.
It's only early days but could be flipping bullish (finally)
Next 24 hrs will prove crucial in determining whether we see a surge or further rejection.
A push through indicated levels will see us targeting approx 38% with this position.
Caution advised as BTC continues to...
The market reaction to the latest movements was awesome. It crashed at the speed of light and started to recover at almost the same speed.
To me this is a signal of a bull market still ongoing and we can't miss the opportunity of buying low to sell high. Of course all depends on a person's perspective, I am not a day trader, I prefer to see the long term picture...
Like so many DeFi altcoins that earlier this year, CRV is looking extremely bullish since the bounce. I DCA'd on the way down when I saw bullish divergences forming on the daily and bought a big position at 220-240 sats. Currently letting this ride as I have a bad habit of selling too early.
I'm getting accumulation cylinder vibes....
*** This is a continuation from the previous post, link supplied below. ***
This Defi could have hit rock bottom and looking at the MACD against price, and the other indicators on the 12 HLRY and Daily, we have a significant bullish divergence.
Since I have the RSI crossed over on the DAILY for the Phoeix, and the Stoch., its extra confirmation we are...
CRV is falling sharply and I think the best zone to start buying is 400sts and will buy gradually to 200sts.
I recommend this is a risky trade and if you love risk, you should trade CRV.
Because I think CRV will have a quick pump to the 800sts zone within the next week.
Curve DAO Token (CRVBTC) is now breaking out of a falling wedge.
Even though we have the break of the wedge prices are still trading below EMA10 so this one is risky...
We consider the bearish potential to be on top when prices are trading below EMA10.
Once above EMA10, we consider the bullish potential... Let's continue.
CRVBTC Chart Early Bullish Signals...