Evident CRV started at high prices and sold off, found a bottom and is now pushing up those initial higher prices
Using the 1D chart we can derive the cap of the market is the SR block of $3.6-$3.1 - mid and late August 2020
One we clear this which lines up with the deviation level on the LTF setup there isn't really any resistances, similar to XRP above $1.1
$CRV fundamentals are solid here, DeFi etc.
Chart is strong
Micro range, deviation beneath (stop hunt), push above, retest and a good push to the upside
We have also formed a smaller bullflag in this micro range, bullish accumulation under the resistance of 3.4-3.5
Strong reclaims of mids, break and retest of flag and deviation level marked will all be solid...
Total value locked in the curve finance is increasing too.
There is a prominent cup and handle pattern in the daily charts.
I have entered some long positions in CRV. This chart is just an expression of possibly trajectory for CRV in the coming weeks.
Curve is currently consolidating within a bull flag formation with 4 hour RSI preparing to cross from oversold conditions to trend reversal to coincide with price moving up.
If the pattern plays out, I expect it to breakout and head towards $2.80 region.
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