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Crvdao

Optimistic projection for the 4H scenario in CRVUSDTTechnical 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 driving the price. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Long
by luizhcruz
2
CRV / BTC - 4H Chart ExpectationsLooking back at Curve over time, we formed a downtrend within this parallel channel, and have yet to have exited the channel. We are approaching the bottom of the channel once again, and above is just an idea for what I think it may do moving forward over the next few days/weeks. CRV likes to make inverted head and shoulders, followed by volatile moves up and even more volatile moves down, let's see if it does it again within the channel. If we break below the channel, the idea is invalid.
C
by dudebruhwhoa
CRV / BTC - Update II: Inverted Head & Shoulders / Triple BottomInverted 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 targets. 58k sats is a good first target if we can confirm a move beyond the green box. Higher is possible 90k sats and beyond. If we break below the 0.5 fib on the smaller timeframe (that we're now sitting at), we could re-test the dashed yellow line. We need to stay above that line for continuation. ** please see previous related ideas in the links below, thank you for your support, and please DYOR & beware of Bitcoins ability to move and mess up even the most reliable of charts/setups! **
Long
by dudebruhwhoa
4
CRV / BTC - Update: Inverted Head & Shoulders / Triple BottomCRV 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 0.04-0.07 Market Cap / Total Value Locked, whereas comparable Defi tokens (Comp, YFI, etc) are on average more like 0.4-0.7. YFI is an outlier today and in pure FOMO mode, so its MC/TVL is much higher (haven't checked). You can check yourself here, CRV is currently at 0.07: www.coingecko.com Everything said, please beware BTC, it's likely going to make a decision soon, and can screw up even the very best of setups.
Long
by dudebruhwhoa
CRV / USDT - Attempting to Break Resistance for bigger move upCRV 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 profits and get out if you've already achieved it. If we can break through this resistance, expect a bigger move up - see short and long term fib lines on chart for targets, and for short term targets, see red horizontal lines. A sustained break below the purple diagonal line invalidates this setup. It will make a decision within hours (see end of wedge) See links to previous charts below.
Long
by dudebruhwhoa
1