CRV Technical Analysis: Are Curve Dao Prices Ready To Explode?

CRV price prepares a bull cycle with a morning star pattern at $0.84 to attempt an upside breakout of the symmetrical triangle. Key technical points: CRV prices have decreased by 0.04% in the last 24 hours.4 The price action shows a bullish cycle preparing to start within a symmetrical triangle. The 24-hour trading volume of Curve Dao is $129 Million, indicating a rise of 15%. Past Performance of CRV As mentioned in our previous analysis, the CRV price action remains trapped within a symmetrical triangle pattern. Within the triangle, the prices retrace from the resistance trendline to crack below the psychological mark of $1 before taking support at $0.84. Furthermore, the price action shows a high possibility of a Morning Star pattern forming at $0.84 to rechallenge the resistance trendline. Source- Tradingview CRV Technical Analysis During the CRV price bull run in the early days of July 2022, we saw a spike in the intraday trading volumes. However, the recent bearish retracement lacks the bearish commitment as the volume trend dips sharply. This increases the likelihood of a bullish reversal from the $0.84 support level. The MACD indicator shows the fast and slow line saturating near the zero line leading to a lateral trend. This increases the likelihood of a bearish crossover. In addition, the falling trend in the positive histograms supports the idea of a bearish crossover. However, a positive retracement within the trian...