CRV/USDT | Direction: Long | Key Reason: Pattern Reversal & DeFi Utility | (June 24, 2025)
1️⃣ Insight Summary
CRV is forming a bullish “W” at the bottom of its parallel channel, supported by value area highs, point-of-control, and structural support around $0.47–$0.55. If it flips that zone into support, a strong rebound toward $0.61 and higher looks likely.
(Note: The widget displays current price around $0.58, up ~10% in the past 24h.)
2️⃣ Trade Parameters
Bias: Long
Entry: Around $0.548 (upper “W” neckline)
Stop Loss: Below $0.47 (channel bottom & structural support)
Take Profit 1: $0.61
Take Profit 2: $0.70
Take Profit 3: $0.78
Extended Target: $0.84 (exit 50% profit)
Final Run-Up Target: $1.00
R/R ratio is around 1:7—very favorable if support holds.
3️⃣ Key Notes
✅ Technical setup: Classic double-bottom structure at channel low, supported by POC and value area high—ideal reversal base.
✅ DeFi fundamentals: CRV is the governance token for Curve Finance, a top-tier stablecoin AMM on Ethereum and L2s
✅ Robust ecosystem & growth: Consistently high TVL (~$2.6B), cross-chain deployments, governance participation, and sound tokenomics
coindcx.com
✅ Security signals: Admins resolved a front-end DNS hijack issue in May without any fund loss; founder repaid a $42M Aave loan—credibility-enhancing steps
finance.yahoo.com
⚠️ Risks: Still in a downtrend with inflationary token distribution and intense competition from other AMMs/governance tokens.
4️⃣ Follow-up Note
If CRV breaks above $0.61 with volume, I’ll reassess the trade and consider holding to the $0.84–$1.00 zone. Any drop below $0.47 invalidates the bullish setup.
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Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.
1️⃣ Insight Summary
CRV is forming a bullish “W” at the bottom of its parallel channel, supported by value area highs, point-of-control, and structural support around $0.47–$0.55. If it flips that zone into support, a strong rebound toward $0.61 and higher looks likely.
(Note: The widget displays current price around $0.58, up ~10% in the past 24h.)
2️⃣ Trade Parameters
Bias: Long
Entry: Around $0.548 (upper “W” neckline)
Stop Loss: Below $0.47 (channel bottom & structural support)
Take Profit 1: $0.61
Take Profit 2: $0.70
Take Profit 3: $0.78
Extended Target: $0.84 (exit 50% profit)
Final Run-Up Target: $1.00
R/R ratio is around 1:7—very favorable if support holds.
3️⃣ Key Notes
✅ Technical setup: Classic double-bottom structure at channel low, supported by POC and value area high—ideal reversal base.
✅ DeFi fundamentals: CRV is the governance token for Curve Finance, a top-tier stablecoin AMM on Ethereum and L2s
✅ Robust ecosystem & growth: Consistently high TVL (~$2.6B), cross-chain deployments, governance participation, and sound tokenomics
coindcx.com
✅ Security signals: Admins resolved a front-end DNS hijack issue in May without any fund loss; founder repaid a $42M Aave loan—credibility-enhancing steps
finance.yahoo.com
⚠️ Risks: Still in a downtrend with inflationary token distribution and intense competition from other AMMs/governance tokens.
4️⃣ Follow-up Note
If CRV breaks above $0.61 with volume, I’ll reassess the trade and consider holding to the $0.84–$1.00 zone. Any drop below $0.47 invalidates the bullish setup.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.
Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.
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1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
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.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
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.