CRVUSD 14 MAY 2021 1120 hrs (follow up)Took about 4-5 days to reach the target area. The volume looks crazy at the moment.
One way you can practice is by setting alerts at key support and resistance areas. Test your patience and then once price gets there see if you can identfy the phases of accumulation Phases A through D.
MTF
CRVUSD trade ideas
CRV Local resistance break out and ChannelCRV appears to have broken out local resistance inside a channel and tested 3.50 as support
I have opened a trade around $3.58.
I expect we'll test the top of the channel, I'll take some profit there.
If we break out the top of the channel we will likely head to about $6 zone where what appears to be the next major resistance.
CRVUSD 08 MAY 2021 1046 hrs (channel bumping?)Would be a nice point of confluence should the situation line up. Will see if we get a set up off of the typical market target areas (listed on chart).
Patience is the name of the game. Let it come to you and you can be rewarded if you know what to look for... which is easy:
Look for accumulation/re-asccumulation activity at: (areas listed on chart)
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Dee Nixon
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
When you set a target and wait for price to get there (proactive/decreased risk)
When you enter a trade when its already on its way to a target (reactive/increased risk)
CRVUSD ~ A super utility DeFi coin ready to POP!CRV is, I believe, one of the few coins left that you can still make massive gains on, which is also part of the mainstream DeFi ecosystem.
I have no idea why, but CRV is still UNDER ONE BILLION$ MARKET CAP!
For the amount of TLV and usage and cross-chain and liquidity and etc etc etc etc that CRV already has (and has had for quite some time now) - its really confusing how it can still be so low.
It is one of the primary projects in yield and liquidity provision and functions cross-chain.
I think the #1 reason CRV isnt bought up by retail investors yet, and perhaps more institutional, is that the GUI looks like its from 1980.
If they would just get a designer to make an attractive and more user friendly UI/UX, I wouldnt imagine it not being able to reach $15-20 per CRV in a short amount of time.
Anyway, TA time: look at the chart....
1) CRV has not even beaten its previous ATH
2) CRV has only gone about 4-5x since its lows last year; while most coins have 10x or more
3) CRV chart has been consolidating and accumulating in this price range with a tightening wedge
4) These kinds of horizontal wedges are often broken to the downside unless there is macro market buy pressure - however, I'm pretty sure we have macro market buy pressure.....
At most, I would expect us to touch supports below this wedge, and then pop up.
So either way - I have already bought into CRV, and I have buy orders for more set at the price rays in the graph.
CRV is a stakable coin which you can stake solo or pair liquidity with nearly any other coin. check www.curve.fi and pick how you want to get your gainz!
A really incredible project. Hope they work on the user interface/experience a bit more though.
CRVUSD ~ Breakout confirmation on retest of S/R flipWell, looks like my post about CRVUSD yesterday breakout upwards came true.
Looking at the chart, we see a pretty massive increase in volume pushing this over the wedge pattern it was in.
Congrats to those of you who took my post yesterday and bought some - we are already up 10-20%.
We now look at retesting the wedge support line which is the pattern previous highs (lower yellow horizontal ray) at about $3.44
I highly suspect that we will retest the previous resistance, flip it to support (S/R flip) and then go back up to our previous ATH.
At that point, we'll retest that resistance and eventually break through it. Given the accumulation we have done, I think we should break through that previous ATH and go into price exploration from there.
Once again, CRV is one of the few (if any?) primary DeFi chains that is still under $1bn market cap.
You can earn yield by providing liquidity to CRV on its own native platform - curve.fi - and also as a liquidity pair.
curve.fi is used by many other yield platforms including pickle, harvest (the main one I use), reef etc (there are hundreds of yield aggregators and they pretty much all use crv).
The tokenomics of crv are also very good. I would give it an A-rating though not an A+ just quite given that circulation is still low compared to maximum supply.
As always DYOR, but this is a solid project and a gem to be able to pick up at this price before it gains wider retail awareness.
CRV has demonstrated good moving in the last 24 hoursDuring the last days we have seen increase in demand of smart contract coins and tokens. One of the most successful booming demand has been MATIC. MATIC rate of price change is extremely higher than CRV in the last week (almost 45 time higher), but CRV with limited number of available coin will grow and touch higher price in the high demand and low supply smart contract coins market.
Now CRV chart shows a bullish behavior. And currently is moving under the EMA200 which is a good news for pushing it up. As chart represents, a Doji Star candle on April 25 which reversed the bearish trend to bullish push the chart to the EMA200 since 28 hours ago. Regardless of the uncertain situation in Bitcoin and its effects on the altcoin market, CRV looks good for stepping in and some indicators such as MACD and RSI support the bullish behavior.
In the bottom line I would say although the previous daily candle closed with good volume, I would prefer to see more volume in the first 4 hours candle which is a little low. Personally I don’t trade these days and I just observe the market as long as Bitcoin doesn’t show a sustainable behavior.
Crypto Market & CRV Technical Analysis & Predictions 4/19/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade (long or short) any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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