Curve DAO Climbs Up - What's Next?

Curve DAO Token (CRV) has recently outperformed its internal bearish structures, prompting the question: can it sustain this growth?

With Bitcoin trading within a narrow corrective zone, CRV presents an attractive alternative for those looking to bolster their investment or engage in short-term trading. However, it is crucial for investors to monitor how the price interacts with a key zone moving forward.

Daily time frame analysis

CRVUSD - 1 Day Time Frame

One of the key highlights is CRV’s ability to surpass the internal lower high of the bearish corrective structure. This breakout was a strong, impulsive move, creating an opportunity for buy orders. Currently, the price is forming a countermove within the corrective formation.

From a money management perspective, the Fair Value Gap (FVG), also known as the support zone, plays a vital role.

As long as the price maintains this support on the daily timeframe, buy orders remain valid. The protective Stop Loss (SL) for this position should ideally be placed below the external low.

While it is possible to set the SL below the internal low, this approach is considerably more aggressive.

The Take Profit (TP) targets are twofold. The first TP is set at the external lower high, where buy-side liquidity resides. The price might only test this level briefly without closing above it, as the external structures remain bearish.

Should the price eventually close above this high, the next TP would be at the follow-through buy-side liquidity level.

In conclusion, CRV offers a promising opportunity, but careful attention to key support and resistance levels is essential for maximizing potential gains.