Market & Ticker: CURVE – CRV/USDC

Date: 7/11/2024

Horizon / Timing:  Tactical Mid-term / 1 to 3 months

Scenario:

At the current price the upside potential of CRV Token remains strong. As long as 0,19 remains a support valid in daily close we expect a further upside move towards 0,3430 before 0,44 confirming the bullish exit from a multi weeks consolidation and opening 0,5320 to 0,8750 potential in 2025

Technical Key Elements:

• Auto similar move potential shows target at 0,44
• RSI indicator is positive without divergence
• The Moving average are support (double cross signal)
• Fibonacci key support is adjusted at 0,50 while the Elliot wave shows upside potential towards 0,84 and 1,20

Trade Idea conclusion: Buy - Conviction: 

• Target 2: 0,5320
• Target 1: 0,4400
• Buy: add in dip area before bullish exit
• Stop: 0,1 (Daily close)

Chart: Daily Basis (Candle Stick) - Logarithmic 

Indicators: Exponential Moving Average (21/34/89) - RSI (21)

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