CRV/USDC - (Target reached - new analysis coming soon) CRV about to significant bullish move
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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