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Weekly forecast Curve DAO Token technical chart
Symbol CRVUSD
Trade Setup

#CRVUSD
Total Profit: 13272 point (890%)
Closed trade(s): 12507 point Profit
Open trade(s): 765 point Profit

Trade Setup:
We opened 10 BUY trades @ 1.492 based on 'Valley' entry method at 2021-07-22.

Closed Profit:
TP1 @ 1.595 touched at 2021-07-23 with 103 point Profit. (7%)
TP2 @ 1.815 touched at 2021-08-05 with 323 point Profit. (22%)
TP3 @ 2.070 touched at 2021-08-10 with 578 point Profit. (39%)
TP4 @ 2.280 touched at 2021-08-13 with 788 point Profit. (53%)
TP5 @ 2.655 touched at 2021-09-06 with 1163 point Profit. (78%)
TP6 @ 3.050 touched at 2021-09-15 with 1558 point Profit. (104%)
TP7 @ 3.575 touched at 2021-10-23 with 2083 point Profit. (140%)
TP8 @ 4.250 touched at 2021-10-25 with 2758 point Profit. (185%)
TP9 @ 4.645 touched at 2021-10-25 with 3153 point Profit. (211%)
103 (7%) + 323 (22%) + 578 (39%) + 788 (53%) + 1163 (78%) + 1558 (104%) + 2083 (140%) + 2758 (185%) + 3153 (211%) = 12507 point (839%)

Open Profit:
Profit for one BUY trade is 2.257(current price) - 1.492(open price) = 765 point (51%)
1 trade(s) still open, therefore total profit for open trade(s) is 765 (51%) x 1 = 765 point (51%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 1.8700 is broken, we will close open trades.
DateApril 17, 2022 - 12:11
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.8700, resumption of uptrend is expected.
  • We make sure when the resistance at 3.7250 breaks.
  • If the support at 1.8700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.8700 is broken.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 2.364 on 2022-01-24 and the trough at 1.891 on 2022-02-24, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A peak is formed in daily chart at 3.055 on 04/03/2022, so more losses to support(s) 2.167 and minimum to Major Support (1.870) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 44.

Take Profits:

  1. 2.647
  2. 3.055
  3. 3.725
  4. 4.250
  5. 5.338
  6. 6.034
  7. 6.800
Click on the level to view price action history.
Symbol Released Current Forecast
Curve DAO Token (CRVUSD) Sun, 14 Apr 2024
Curve DAO Token (CRVUSD) Sun, 7 Apr 2024
Curve DAO Token (CRVUSD) Sun, 31 Mar 2024
Curve DAO Token (CRVUSD) Sun, 24 Mar 2024
Curve DAO Token (CRVUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on CRVUSD.