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$CRV/USDT 3D (Binance Fut.) Descending trendline break & retest

Long
TradingOn Updated   
BINANCE:CRVUSDT.P   CRV / TetherUS PERPETUAL CONTRACT
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
Trade active:
Both entries filled

Curve 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 +1.25R

Curve 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!

Comment:
More information about Curve DAO

You can become a Liquidity Provider (LP) and Stake your tokens with high (variable) yield:

resources.curve.fi/g...des/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/b.../understanding-curve
Trade closed: target reached:
TP3 reached with +104.71% (1x) and +5R

That'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.


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