Market & Ticker: CURVE – CRV/USDC

Date: 06/12/2024

Horizon / Timing:  Tactical Mid-term / 1 to 3 months

Scenario:

At the current price the upside potential of CRV Token remains strong after having reached 0,85 Strategic target. The recent rally is showing upside potential to 3,68 on the long-run.

As long as 0,85 remains a support valid (Former target) in daily close we expect a further upside move towards 1,70 before confirming a further bullish move towards 3,68 in 2025.

Technical Key Elements:

• Auto similar move potential shows target at 3,68
• RSI indicator is positive without divergence
• The Moving average are support (double cross signal)
• Fibonacci key support is adjusted at 0,85 while the Elliot wave shows upside potential towards 1,70 and 3,68

Trade Idea conclusion: Buy

• Strategic Target: 3,68
• Tactical target 1,70
• Tactical support 0,85 (Daily close)
• Alternative target 0,68/0,57

Chart: Daily Basis (Candle Stick) - Logarithmic 

Indicators: Exponential Moving Average (21/34/89) - RSI (21)

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