$CRV 🔥 🔥
🌀 CRV/USDT — TRADE SETUP
Price: $1.0290
24H Volume: $115.62M
Category: DeFi (Curve DAO Token)
---
📈 CHART OVERVIEW & TECHNICAL ANALYSIS
CRV is attempting to break above a multi-week descending channel, currently pushing through short-term resistance with rising momentum. It’s showing early signs of trend reversal backed by increasing volume and positive market breadth.
🔍 Key Technical Levels
Type Price (USDT) Notes
Support 1 $0.9850 Recent higher low / strong base
Support 2 $0.9480 Bull trap invalidation zone
Resistance 1 $1.06 Local breakout level
Resistance 2 $1.14 Fib 0.382 zone from April drop
Resistance 3 $1.21 200 EMA on 4H + swing confluence
🔧 Indicators
RSI (4H): 61 – Bullish momentum but not overbought
MACD (4H): Bullish crossover confirmed
Volume Profile: Buildup around $1.00 shows strong demand
Bollinger Bands: Expanding, price riding upper band
Trendline Breakout: Testing the upper trendline of 40-day downtrend
---
🛠️ TRADE STRATEGY – "RIDE THE TREND"
🟢 ENTRY ZONE:
$1.015–$1.030 (Break and retest zone or strong 15m confirmation)
🎯 TARGETS:
TP1: $1.06 (short-term breakout level)
TP2: $1.14 (Fib zone resistance)
TP3: $1.21 (Major trend confirmation)
🔻 STOP-LOSS:
SL: $0.948 (below structure + invalidates reversal)
Optional Tight SL: $0.985 (short-term invalidation)
🔁 R/R Ratio:
~1:2.5 with TP2
~1:3.8 with TP3
🧠 DISCLAIMER
This is not financial advice. Always do your own research (DYOR) and practice proper risk management. Cryptocurrency markets are volatile and can move unpredictably.