Market & Ticker: CURVE – CRV/USDT 

Date: 28/08/2023 
 
 

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

Scenario:  

CRV were affected by an exploit related to a vulnerability in the Vyper programming language, the second most popular Ethereum Virtual Machine (EVM) language behind Solidity earlier in july. The CRV price action is now showing an extreme oversold area reached which offers a potential recovery in the next days/weeks. 
 
At the current price the potential of CRV Token stands at 0,6450 and 0,7170 maximum. On the near to mid-term basis 0,37 is acting as robust support to add in dip in the 0,47 area. 

Technical Key Elements: 

- Auto similar move potential shows target at 0,7170 
- RSI indicator is at support in oversold area 
- The Moving average are still resistance 
- Fibonacci key support is adjusted at 0,37 while the Elliot wave shows upside potential towards 0,6450 and 0,7170 

 
Trade Idea conclusion:  Buy - Conviction:

Medium

Target 2: 0,7170 

Target 1: 0,6450 

Buy: add in dip area 0,47 

Stop: 0,37 (Daily close) 

Chart: Daily Basis (Candle Stick) - Logarithmic  

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