Curve Finance (CRV) and SHIBA Technical Analysis – Breakout in progress! #Finance

hey guys and welcome to another episode of Crypto community this is your host duane and today we’re going to talk about curve

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance and a little bit of shiva because it’s very interesting the price action currently but before we dive into the technical analysis guys don’t forget to like and subscribe to this channel and follow me

on trading view twitter and this sport will you can join the community and exchange with me directly perfect so what do we have here guys we have the curve Finance chart on

the weekly on binance and as you can see ever since it was listed after quite a sharp correction here oh my god 95 percent uh we’ve been bullish on curb Finance and the

reason why we’ve been extremely bullish on curb Finance is because right now this is the most popular uh decentralized exchange for Liquidity providers

and i can show you why guys check it out here on difficult it’s a very nice website if you’re into centralized Finance ethereum ecosystem you can see exactly

who’s who and how the tokens from this decentralized Finance relate to the different systems and services that they are providing now in the case of the centralized

exchanges curve Finance is at the top why because they have locked in 14 billions worth of dollars in Liquidity pools and the reason curve

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance has been slowly gaining and growing into the rankings and now it’s the first one is because the big whales guys with you know hundreds of millions worth of dollars tether

usdc and so on are choosing curve to swap change and provide Liquidity and you can see if you go to the curve website in a week only the weekly volume is over five billion dollars and that includes deposits and withdrawals from the pools regardless guys this is huge and the fact

that the whales are preferring this exchange to put their money into because of the rewards because of the low slippage and because of the volume available in Liquidity makes curve text-decoration: none;">Finance looking very very makes it look very very strong in the current bullish market and as long as it maintains this position the token curve that i started the chart with is going to continue to grow and you can see on this chart we’re approaching a

key resistance level here and i’m going to show you what’s going on you see we have been trying to break above 3.7 several times one two three all of these times we were rejected and pushed lower but now we are trying again the question is can we be successful my hunch is that we will

we will eventually break out particularly if bitcoin and the overall market remains very bullish and the reason i say this is because if you look at the btc curve chart pair you will see there is a lot of room for curve #1a73e8; text-decoration: none;">Finance to grow and the token as well so today we try to break this resistance we failed at least right now but i think after a short pullback there’s a good chance we may push higher again because this line this trend line acting as support so

far has never broken only when this line breaks guys uh you should be worried that you know there’s gonna be a longer pullback maybe and we go back to two point seven dollars before we try another attempt to go higher so curve looking very very interesting do not form here guys because

it’s too early and if we go to daily you will see look at these candles we closed yesterday just below and today we tried to push bar we failed and our push lower so no don’t buy here maybe wait to buy this so but of course this is no financial advice guys uh do your diligence but i

promise to show you also the bitcoin chart uh for curve book now this is where things get even more interesting because we have consolidated in this area of the chart you see here we broke this resistance and there is the possibility looking at the bitcoin pair to go up quite significantly from

this level at least the 5x or okay if you’re more uh pessimistic maybe 2x but really compared to bitcoin there is a lot of room on this chart to go higher and this is not immediately obvious on the usd pair because on the usd fair we have quite a significant resistance at five dollars uh but

but if you look at the bitcoin pair you can see that we can go to 25 and we would still be within the margins of this resistance uh on the bitcoin pair so important to keep in mind that there’s a huge potential and there are fundamentals behind curve guys because look it is the largest

Liquidity provider on the market in the free space right now and that’s very important then i mean looking at these values you know 1 million dollars weekly earnings for for the Liquidity providers that’s nothing to frost about so the fundamentals are

very strong it has been and it’s providing a service to to to you know that they fee the f space users um and also the whales preferred because of the low slippage that it offers as i indicated before and the fees and the rewards are very attractive so as long as this maintains and especially

now with the polish market the potential to break above this resistance at 3.7 is very high so for that reason curve remains remains under my attention and eventually i do hope we will break this resistance and when that happens there will be a big opening guys to to go much higher and if we look

at the indicators you can see guys look weekly polish bullish histogram bullish moving averages nothing nothing to worry about especially on this last move more volume is going up as well you can see here if this continues we will surely break up and also on the obv indicator so this is based on

volume guys we’ve been moving above the moving average of the past 26 days so look here in pink we’re above now if we go to daily we’re also very bullish as you can see we’re very bullish on obvi on most indicators but we have reached fronteras you can see here on overboat

zone so bears came in back when when we touched on resistance um but i wouldn’t worry too much even if we if we come down to support we can have a return you know macd looking bullish on daily so maybe this is just a short pullback before we punch through maybe similar to shiba which i will

show you in a minute um so this is this is my opinion on car fine it’s very very good strong fundamentals behind the coin guys and i think the potential uh towards the next few months to to rally significantly as i mentioned if you look at the bitcoin chart maybe even over 20 dollars which

here on on the usd pair looks quite far away but you should always also check the bitcoin pairs on holds particularly when they start going crazy in terms of pumping a lot in the short term speaking about pumping guys let’s let me just show you quickly what happened with shiba um yes i think

this chart already shows everything you need to know about shiba uh we’re pumping in less than three days like significantly we’ve pumped 58 um in the past two days why because we broke key resistance guys check it out so if i clean the chart look we broke above the descending triangle

here you see and ever since we’ve had two fantastic polish candles and i can just change my chart now because it’s already outdated in less than a day that’s a testament of shiva’s power to pump so look we had an all-time high at three five three one here as you can see on

the feedback stage and we broke it today and well we just kept pushing this i mean we went up how much today we went up 33 that’s wow and we’re not stopping look i mean i’m not saying to buy now guys if you have shiba please sell some and don’t don’t just hold whatever

because you need to secure Profits on the way up uh is very important you should always secure Profit at least get out your premium so if you if you put the hundred dollars a thousand dollars i don’t know here you know take some of that back as we go up until

you get the the principal uh back and don’t don’t just let the money uh on the table because eventually shiba will revert back and it will have a steep correction so it’s good to secure Profits as you go up because right now nobody knows how high shiva can go the

momentum is very strong you can see it on the volume look this is huge huge moment that means buyers are very interested however it’s not as big as here you see so this means there’s a bearish divergence on this chart at least with respect to volume and you know if you look at nsi you

know we’re at 90 guys that’s yeah that’s just huge crazy on four hours yes so on daily i think we still have room to go yes it did so keep that in mind don’t don’t homo now you don’t buy pumps like this unless you know what you’re doing uh the breakout was

the key entry point not not when shiva is pumping like crazy um i think we should face some resistance you see here if i highlight it for you look see the extension so uh 161 guys we we we may not break above this today we have to see tomorrow but uh as i said sheba is a momentum coin and when it

pumps it pumps very fast and you also need to act fast and secure Profits if that happens um like here we pumped about that is 5x right yes depending from where you measure it as we go higher and higher it’s not gonna be the same you’re not going to see shipper pump 5x

guys for that we need volume to pick up much more than this we need it to be like before and so far it doesn’t seem to be the case but regardless congrats if you if you longed sheba and if you held from here and you’re still holding well if that’s your strategy well done it was a

good bet but as i said don’t forget to take Profits on the way up because it’s very hard to predict the top guys and when the market reverses or sheba crashes you want to still have some nice Profits in your pocket all right guys i hope you enjoyed this

CashNews.co don’t forget like and subscribe and follow me on trading view twitter and join me on discord to talk more and okay i’ll see you next time bye