Defimood
  • Market analysis
    • Cryptocurrencies – Trading Education
    • DeFi market analysis
    • Bitcoin analysis
    • Crypto Coin Analysis
    • Stock Market
  • General strategy
    • Long-term strategy
    • Medium-term strategy
    • Short-Term Strategy
  • Copy trading
    • Binance Copy Trading
    • Bybit Copy trading
    • Bitget copy trading
      • Short-term strategy
      • How to set it up correctly?
    • Bingx copy trading
      • medium-term strategy
      • Long term trade setup
  • Deposit management
  • Assistance to Ukraine
  • About us
    • Contact with us
    • PS_trade – Goals of our project
  • Українська
  • English
Archives
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • June 2022
  • May 2022
  • April 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
Categories
  • Bitcoin analysis
  • Crypto Coin Analysis
  • Cryptocurrencies – Trading Education
  • DeFi market analysis
  • Stock Market
Defimood

Copy Trading,
investments in cryptocurrency

Defimood
  • Market analysis
    • Cryptocurrencies – Trading Education
    • DeFi market analysis
    • Bitcoin analysis
    • Crypto Coin Analysis
    • Stock Market
  • General strategy
    • Long-term strategy
    • Medium-term strategy
    • Short-Term Strategy
  • Copy trading
    • Binance Copy Trading
    • Bybit Copy trading
    • Bitget copy trading
      • Short-term strategy
      • How to set it up correctly?
    • Bingx copy trading
      • medium-term strategy
      • Long term trade setup
  • Deposit management
  • Assistance to Ukraine
  • About us
    • Contact with us
    • PS_trade – Goals of our project
  • Українська
  • English
  • DeFi market analysis

Curve Finance (CRV): A Risk Of Collapse To $0.85-1

  • 02.06.2021
Total
15
Shares
15
0
0
0
0

A strong fall in the cryptocurrency market has not spared one of the popular DeFi projects Curve finance. Having dropped by 76%, the CRV price practically tested the important liquidity range of $0.85-1. It was this range that stopped the new growth impulse on 20 November. And after breaking the liquid zone of $0.85-1 upwards in January 2021, buyers managed to quickly set a new all-time high at $4.65. Looking through the charts of cryptocurrencies after 19 May, it is quite difficult to find any differences. However, they are. The panic fall of the CRV price on 19 May allowed sellers to take control of another important range of $1.65-1.8. If we look at the daily timeframe, we can see that buyers also had problems in this range.

Control of the range of $1.65-1.8 and a test of the mark of $2.8

CRV

Only with the help of high volumes and confident consolidation above the range of $1.65-1.8 did the buyers manage to continue the growth wave on 1 March. At the moment, with difficulty and low volumes, buyers are trying to fix above this range. This fact should provide buyers with more confidence and attract new investors to the CRV market. The probable continuation of the growth of the CRVUSDT price to the level of $2.8. This mark was the last local support for buyers from 5-19 May. It was the breaking of this mark downward that provoked an avalanche of stop orders of buyers, and formed a powerful wave of decline in the CRV market.

For a long-term position it is worth waiting for the CRV below

However, it is worth paying close attention to the strength of buyers in the range of $1.65-1.8. The volumes, which buyers are trying to conquer the heart of the CRV market for the second time, will only be enough for a small correction of the previous fall wave. This is also hinted at by the CRVBTC price chart:

CRV

Having started a joint wave of decline with Bitcoin, the CRV market can renew its previous low and still test the range of $0.85-1. In this case, for investors who are now expecting pleasant prices, this situation will play into their hands.
Given the maximum passivity of the cryptocurrency market, we would refrain from positions at such a time. Waiting is also a position, and in this case, the best.

Total
15
Shares
Share 15
Tweet 0
Share 0
Share 0
Related Topics
  • CRV market
  • crv price analysis
  • Curve finace
You May Also Like
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

ICP cryptocurrency – is there hope for the positive?

  • defimood
  • 12.01.2022
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

Cryptocurrency LINK – when to expect growth to the $50 mark?

  • defimood
  • 11.01.2022
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

DYDX cryptocurrency – we expect a rebound of 80%

  • defimood
  • 19.11.2021
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

ICP cryptocurrency forecast – don’t miss 300% growth

  • defimood
  • 17.11.2021
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

SUSHI cryptocurrency makes latest fall momentum

  • defimood
  • 16.11.2021
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

DOT Cryptocurrency: Final Fall Target Is $20

  • defimood
  • 10.09.2021
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

ATOM And SXP Medium And Long-Term Forecasts

  • defimood
  • 10.08.2021
View Post
  • DeFi market analysis

Forecast on Polkadot (DOT) and LUNA – correction is close?

  • defimood
  • 09.08.2021
Defimood
  • Market analysis
  • General strategy
  • Copy trading
  • Deposit management
  • Assistance to Ukraine
  • About us
  • Українська
  • English
криптотрейдинг, инвестиции в криптовалюту

Copyright © 2021 defimood.com All Rights Reserved.

Input your search keywords and press Enter.