$CRV/USDT 3D (Binance Fut.) Descending trendline break & retest
Updated
Curve DAO has successfully retested 50MA support and looks ready for a mid-term bull-run.
It's a decentralized exchange for stablecoins and DeFi tokens, also working on Polygon and Fantom Ecosystems, more information on curve.fi
Current Price= 2.380
Buy Entry = 2.375 - 2.169
Take Profit= 2.865 | 3.648 | 4.651
Stop Loss= 1.796
Risk/Reward= 1:1.25 | 1:2.89 | 1:5
Expected Profit= +26.10% | +60.56% | +104.71%
Possible Loss= -20.95%
Fib. Retracement= 0.618 | 1.117 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 4 months
It's a decentralized exchange for stablecoins and DeFi tokens, also working on Polygon and Fantom Ecosystems, more information on curve.fi
Current Price= 2.380
Buy Entry = 2.375 - 2.169
Take Profit= 2.865 | 3.648 | 4.651
Stop Loss= 1.796
Risk/Reward= 1:1.25 | 1:2.89 | 1:5
Expected Profit= +26.10% | +60.56% | +104.71%
Possible Loss= -20.95%
Fib. Retracement= 0.618 | 1.117 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 4 months
Trade active
Both entries filledCurve bounced nicely on 50MA as forecast and is back up to +12.37% so far.
Trade closed: target reached
TP1 reached with +26.10% (1x) and +1.25RCurve respecting the plan perfectly so far, will probably continue towards higher targets.
SL moved to 2nd entry (2.169$) in any case to secure the trade!
Note
More information about Curve DAOYou can become a Liquidity Provider (LP) and Stake your tokens with high (variable) yield:
resources.curve.fi/guides/staking-your-crv
Getting started with Curve isn’t easy, there is a lot to grasp and the unique UI can be much to take in. This small guide is intended for Curve beginners with an understanding of DeFi and Crypto:
resources.curve.fi/base-features/understanding-curve
Trade closed: target reached
TP3 reached with +104.71% (1x) and +5RThat's a wrap for Curve, all targets achieved way faster than expected, such a bullish beast!
Trade is fully closed now but big triangle is broken, let's not miss the buy back opportunity to come on the retest.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.