CRVUSDT.P trade ideas
CRV CAN DROP AGAIN (4H TF)It can move down from the specified range. The green box is an important support that we can use as a target. We have a liquidity pool at the bottom. Candles can collect this pool
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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CRV Signals Green: Buy Now, Thank Me Later!"
CRV Buy Trade
Fundamentals
Curve is a decentralized exchange protocol that allows users to swap assets between different blockchains. CRV is the native token of Curve Finance, and it is used to govern the protocol and to earn rewards for providing liquidity.
Curve has a strong track record of growth and adoption. In 2022, Curve's total value locked (TVL) grew by over 1000%. Curve is currently the largest decentralized exchange protocol by TVL.
Recent News
On September 15, 2023, Curve announced the launch of its new Curve Labs division. Curve Labs is a dedicated team that will focus on developing new products and services for the Curve ecosystem.
On September 20, 2023, Curve announced a partnership with Convex Finance. Convex Finance is a liquidity optimization protocol that helps users to earn higher yields on their Curve deposits.
Disclaimer
This trading idea is not financial advice. Please do your own research before making any investment decisions.
CRV GOING FOR MOREHello Trader,
Thank you for taking the time to read our update.
CRV for today's trading shows some interesting changes.
The candle of 12 SEP is still running in the trend, and we are closely monitoring whether this ongoing candle could potentially indicate a short-term uptick.
We find ourselves at a crucial juncture, where the trend in CRV may be poised for a significant shift.
The coming time frame is important to confirm the trend of CRV to see if it's able to increase more or not, at this moment it shows only interest and not confirmation.
Thanks for your comments
CRVUSDT Elliott Waves Analysis (LONGTERM)Hello friends.
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Everything on the chart.
Entry zone: 0.33 - 0.28
Targets: 0.7 - 1.3 - 1.9
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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Open to any questions and suggestions
CrvusdtIt doesn't really get more 'looks like a reversal mid print at range lows' than that
Otc sale that started crv nuking was for 40c if I recall so makes sense we'd bounce here
Not to mention this was valued at 40c mid fud last bear market also if i recall correctly..
So its a full retrace from the 2021 hype cycle sitting here..
Still a bluechip despite hack fud also imo..
Alts at max disengagement psychologically also around here..
So this should be where smart money starts bidding... or do we have one final capitulation in store for total3?
CRV 3d is bottom but keep in mind...CRV is at a critical point where it must hold the red b point and close below it. Otherwise, it will head toward the blue area or the red area at the bottom.
If you want to enter now, divide your trade to 50 and 50, also if you enter now then your SL will be closing 1d below the blue area.
Moreover, we have two falling wedges and we have short to long term targets, so choose wisely.
All the best insha Allah!
Curve / US Dollars (CRVUSDT) Token Analysis 11/09/2023Fundamental analysis:
Curve functions as a decentralized exchange specializing in stablecoins, employing an automated market maker (AMM) to oversee liquidity management.
Its journey began in January 2020, and Curve has since become closely associated with the decentralized finance (DeFi) movement, experiencing substantial growth in the latter part of 2020.
In August, Curve introduced a decentralized autonomous organization (DAO) featuring CRV as its native token. This DAO leverages the Ethereum-based creation tool, Aragon, to establish connections among various smart contracts responsible for handling users' deposited liquidity. It's worth noting that governance within this DAO differs in terms of its weighting and other key aspects compared to Aragon.
Curve has garnered significant attention by fulfilling its role as an Automated Market Maker (AMM) specifically designed for stablecoin trading.
The introduction of the DAO and CRV token has added to its profitability, as CRV serves a governance function and is distributed to users based on their level of liquidity commitment and the duration of their ownership.
The surge in DeFi trading has solidified Curve's position in the industry, as AMMs continue to handle substantial amounts of liquidity, leading to increased user profits.
Consequently, Curve caters to a broad spectrum of DeFi participants, including those engaged in yield farming and liquidity mining, as well as individuals seeking to optimize returns while holding relatively stable and non-volatile stablecoins.
The platform generates revenue by imposing a modest fee, which is then rewarded to liquidity providers.
Curve entails the typical risks associated with depositing funds into smart contracts and engaging with Automated Market Makers (AMMs), primarily the risk of impermanent loss.
Given that Curve exclusively deals with stablecoins, the likelihood of rapid market fluctuations is diminished. However, users may still experience losses when markets undergo rebalancing to align with cross-market price adjustments.
While Curve has undergone audits, it's essential to recognize that these audits do not eliminate the inherent risks associated with exposure to a particular cryptocurrency.
Curve (CRV) made its debut in August 2020, coinciding with the launch of the Curve DAO. Its primary role is to serve as a governance mechanism, provide incentives, facilitate fee payments, and offer a means for long-term earnings to liquidity providers.
The total supply of CRV tokens amounts to 3.03 billion, with the majority (62%) allocated to liquidity providers. The remaining tokens are distributed as follows: 30% to shareholders, 3% to employees, and 5% to a community reserve. It's important to note that both shareholder and employee allocations are subject to a two-year vesting schedule.
CRV did not undergo a premine, and the gradual unlocking of tokens indicates that approximately 750 million tokens should be in circulation one year after the initial launch.
The founder and CEO of Curve is Michael Egorov, a Russian scientist with diverse experience in cryptocurrency-related ventures.
In 2015, he co-founded NuCypher, where he assumed the role of CTO. NuCypher is a cryptocurrency company focused on developing privacy-preserving infrastructure and protocols.
Egorov is also the brain behind LoanCoin, a decentralized bank and loans network.
Curve's core team is integrated into the CRV allocation structure, entitling them to receive tokens over a two-year vesting period as per the initial launch plan.
In August 2020, Egorov acknowledged that he had "overreacted" by locking up a significant number of CRV tokens in response to yearn.finance's voting power, resulting in him obtaining 71% of governance control in the process.
Technical Analysis:
As we observe, the price is currently trading within a range bounded by the Fibonacci retracement levels of 78.6% and 95%. Notably, there is a potential support level at $0.15.
For the anticipated bullish cycles, we have established three potential price targets:
First Target Price (1TP): $6.75
Second Target Price (2TP): $8.5
Third Target Price (3TP): $11
It's worth noting that there are multiple resistance levels marked on the chart, corresponding to the Fibonacci retracement levels.
Sentiment Analysis:
Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels and current Price.
CRV USDT PERP Hello Trader OKX:CRVUSDT.P
most likely to experience the potential to create a double bottom pattern
as there is support that has not bounced for 2x due to the long bearish phase for this pair.
long enough for this pair
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Disclamer: Not Financial Advice
all leverage 20X
CRV on the short list with the level of 0.4405Hello everyone!!!
AIHermes today identified the coin CRV on the short list with the level of 0.4405
Entry model - breakout! Leverage 10-20X
Stop short.
1st target - 0.401
Trade with us, trade better than us!
Today:
18 coins on the short list
12 coins on the long list
CRV: Falling WedgeTrade setup : Price has now broken below $0.50 support, which is where price previously found support in Nov and Dec 2022. It is oversold (RSI ~ 25) but overall trend is down so we prefer to wait for a breakout from Falling Wedge pattern, which would signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.50, which it broke, then $0.40. The nearest Resistance Zone is $0.75 (previous support), then $1.00, and $1.25.