Before a 400% increase last January, there was a 36 day drop followed by 1 month of consolidation. For idea to play out, this 34 day drop so far could still continue another 15% down worse case scenario. If last time is any indication, should reach the 1.272 fib level or around 120% increase
Here are some targets for mid-long term maybe
into the ginning of 2022
CRV/BTC pair is much easier to read with MA ribbon and from a pattern perspective-maybe a triangle?
ps. targets = resistance levels
Currently above POC. POC is the strongest support what we have. You can entry now, or you can put limit order on 4000sat.
When bitcoin dominance goes down this coin will go strongly up.
Go for 100% and more.
I like the market structure that BINANCE:CRVBTC is creating.
After a long period of low volatility and sideways move, the buyers broke above recent resistance, creating higher lows and highs which suggest a possible trend reversal to the up side.
The price is holding above the 21 EMA after retesting the recently broken resistance area.
Everything on chart.
When BTC dominance increasing always look for both USD and btc charts for all coins before buying
Always follow risk management. BTC can be volatile. We have seen quite a few flash-crashes off late.
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7450 sats will be the make or break for this bull run. The CRV/USD pair broke out like a champ.. this would be the last major trendline resistance before we start taking on previous ATHs around $4.64. I think today or tomorrow would be realistic for 7400 sats given the current momentum. Grab your popcorn, hodl.
If 7450 doesn't break.. that'll be the start of a...
CRV looks to have been accumulating in this range for a year. .23 of the range holding price nicely in recent months. Currently consolidating mid-range, which explains the recent rejection on shorter timeframe. Looking for a break of this half-way point and a run to the top of the range. On this third run, I'll be looking for a break and consolidation above,...
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...
CRV has bounced nicely the last 3 times it hit this level against BTC. Between 130-160% each time for the last 3 touches. High probability trade?
Do your own DD.. but I like this chart (and CRV for a number of reasons.. TVL/MCP ratio is one of the lowest in defi, V2 AMM DEX supporting variable price assets puts it in competition with the likes of sushi and...
As I told in my last review, CRV came down by -12%:
Now, after making a head & shoulder pattern it has broken the neckline and lost the EMA 60 support. Now it's heading toward EMA 100 support and if it lost it either, we can expect to move down toward 0.382 Fibonacci level.