CRV/USDT - 4h - Analysis published on 03/12/2021

Hello World, it’s Cosmo 👩‍🚀 … and – as the general market – I’m back on the Moon. Everything good here … Moonraker (my Crypto Hedge Fund) is doing very well and gained lots as the general market was soaring.
Now it’s time to re-balance as our longs have gained weight in the fund (together with the market). We need to increase the shorts now again. Today I’ll analyze the Curve DAO (CRV) Token against USDT:

So, let's get started 😃 … Summary of the Analysis: CRV/USDT (4 hours time frame)
Trends: Short Term - Bearish & Long Term - Strongly Bearish

Crypto Screener™ (by TradingView) Rating: SELL

Technical Indicators (by TradingView & intotheblock): STRONG SELL
- Summary: 18 Bearish; 8 Neutral & 0 Bullish
- Oscillators: 4 Bearish; 7 Neutral & 0 Bullish
- Moving Averages: 14 Bearish; 1 Neutral & 0 Bullish

Fundamentals: SELL
- Circulating/ Max Supply = 7% --> STRONG SELL
- No Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto)
- No SIMETRY™ Rating (by Crypto Briefing)
- No Rating by TokenInsight
- No Asset Score™ by TokenInsight
- No Dynamic Performance Score™ by TokenInsight

AI (Artificial Intelligence) by CENTRALCHARTS: STRONG SELL

Multi Timeframe Analysis:
- 1h (1 hour frame): neutral
- 4h (4 hours frame): negative
- D (1 day frame): neutral
- 7d (last 7 days): neutral

My Opinion: SELL - Bearish under USD 2.640
My targets: USD 1.620 (-23.4%), USD 1.257 (-40.5%) & USD 1 (-52,7%) from current price level

CRV/USDT follows a strong bearish trend since ATH (all time high) on 02/06/2021. Traders may consider only short (sell) positions if the price stays well below USD 2.640 (Stop Loss Level = 1st light green line above current price; +24.9% from current price level). Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum.
Signal Force (0-10): 8 = very strong force
To sum up my opinion: I’m convinced that the Curve DAO Token is substantially overpriced with the recent PUMP ACTION and will retrace back to it’s lows from before the parabolic move (around 1 USD).

We broke monthly VWAP (volume weighted average price) downwards 2 days ago (on 03/10/2021) which is a strong SELL signal.

Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.

Like and follow as the next analysis will focus on over- and underperforming (compared to BTC) Coins or Tokens again.
With this information you'll then be able to go LONG potentially overperforming Coins/ Tokens and to go SHORT potentially underperforming Coins/ Tokens and to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund.
Heard about this? With this successful trading strategy😍🍀💵 you'll be able to make money in all market situations and independent from the price action and level!

Happy trading everyone … comments welcome!

Published on 03/12/2021, 12:00 PM (UTC+1)