Market & Ticker: CURVE - CRV/USDT
Date: 15/02/2023
Horizon / Timing: Mid-term / 1 to 3 months
CURVE confirmed recently a larger upside potential with the Double Golden Cross on Moving average calling for a progressive range and rise to reach 1,63 Tactical Target.
Scenario:
At the current level, we expect a further bullish move towards 1,63 (+49%) at first and in extensions 2,30 (+110%) - Then a further extension towards 6,50 Strategic target (+500%) as long as 0,72 remains a valid Tactical support in Daily close.
Technical Key Elements:
- The long-term trend analysis shows potential towards 2,30(+110%) before 6,50(+500%) as long as 0,33 (-70%) Strategic support remains valid in weekly close.
- The RSI indicator is bouncing back above 50% and graphical line.
- The Moving average crossed to the upside: Double “Golden” Cross
- The Fibonacci key support is adjusted at 0,72 as tactical support while the Elliot wave shows upside potential towards 1,63 in wave (3)
| Trade Idea conclusion: Buy - Conviction: |  | | | High |
Target 2: 2,30 (+110%)
Target 1: 1,63 (+49%)
Buy: add in dip area 1,10/1,00
Stop: 0,72 (-34%)
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
