Crvusdt
CRV: An Obvious Accumulation before MASSIVE RALLY!CRV is currently building up an ascending pennant after forming a cup and handle shape since its beginning. Accumulation has been going on for several weeks with the price squeezing into the 2.951 to 3.651 range, which likely forces a break up out of the pennant resistance (3.548). Currently it has rebounded strongly out of the 2.4 support line, where the 0.618 fib level is, this validates 2.4 as the support we see it not to break for further bullish momentum. A breakout of the pennant with bullish volume and Price action will see a retest of 3.652, where we can increase position sizes on the dip or make a new entry with confirmation.
Entry around 2.951 - 3.2 (support zone at the bottom of pennant confluence with 0.786 fib level)
Targets are 4.488 (previous ATH), 5.629 and 6.746
Stop loss below the pennant and support line of 0.618 around 2.091 (can below to allow for some volatility)
CRV/USD - Approaching decision time - pump or dump! 🤣CRV price is running out of room between support and resistance and the range is getting shorter as indicated by the blue triangle.
Sooner or later CRV will need to break out. My bias is we will break above and go towards $4 and then quickly to $5.
The indicators are a bit flat as we've been ranging in this area for some time, however, every time we made a higher low! This is bullish. A clean break on volume above $3.7 should give us a nice boost to reach our higher targets.
The volatility on CRV was quite impressive lately with 20% moves from one day to the other, which provided a great profit potential for swing traders.
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Catch as much as CRV whenever price dropswe already give it a call on the support with targets n we following up ...
( the call post below this article in the related ideas section)
If u r worried about CRV n not sure that it will go to $7 or even higher ... take a look on the chart
using Fibonacci retracement tool, look how CRV is respecting the support ,, it holds great despite the bloody market these days !!!
our targets still the same don't ever worry .. u will be rewarded soon
good luck 👌
CRV:USD LONG for gainsg'day mates. here is my CRV bull thesis for this summer:
flat accumulation for months, hasn't pumped yet like most other coins, has normie eyes on it listed on Coinbase, it is under 5$...everything is there for it to send. right now traders and HODLers are looking for growth and specifically for coins that haven't had their pump yet.
CRV is one of the few listed on coinbase that haven't had a parabolic run this spring yet and CRV fits nicely into the "DEFI" sub-category of crypto which as a sector has seen big upward moves over the last few months.
CRV going strongEven though ₿itcoin is currently dumping, the Curve DAO Token seems to be ready to break up this triangle 📐 and if successful, CRV could run to 6.05 and even higher.
ENTRY : local high @ 3.865
SL : local low @ 3.370
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 6.05
RRR : 4.4
INVALIDATION : when SL level hit
Like👍 & Enjoy📺!
📣 Volume speaks Volume! **Beginning trader & Technical and Fundamental analyst. Received my trader's education at TRi School of Trader Development. This is not trade or financial advice. DYOR.
I want to be Bull this name. This analysis does not speak for a particular setup, though I suppose there is a continuation trade buried in there somewhere. It speaks more to what I would need to see to convince me that we are going to trend much higher out of this little range we seem to be bouncing around in between $3.50-$2.85. Because after that there is little resistance above that and the sky could be the limit with some effort.
Volume precedes price, and there just isn't convincing evidence that the Bulls have taken over. Noted on the chart is an example of what I would like to see. Also, RSI briefly broke out but fell below support and is now trying to claw its way up through resistance. Put in a double bottom along support above the 50 line and I just may catch a ride on the way up.
I'm going to keep an eye out for some of these things to come to fruition before I go spending my heard money in the market.
My 2 cents. Would like to hear your assessment if you care to share.
BINANCE:CRVUSDT
COINBASE:CRVUSD
CRV on the road to 10$Curve finalizing the ascending triangle pattern. Fibonacci target between 6$ and the psychological resistance and 2.618 of 10$. DCAing out of the position once we reach 1.618. BINANCE:CRVUSDT
Fundamentals align with the bias of the chart. Being one of the main defi projects. Still mispriced at a 109 Rank in market cap.