A closely followed crypto analyst believes that the decentralized finance (DeFi) altcoin Curve (CRV) looks poised for a massive burst to the upside.
Pseudonymous analyst Credible tells his 336,900 Twitter followers that the governance token of decentralized exchange Curve Finance is now in the midst of a wave three surge that could see the altcoin print as much as 1,092% in gains.
“CRV with a nice break of our $1 level. We are on our way.”
Credible practices the Elliott Wave theory, a technical analysis approach that attempts to predict future price action by following the psychology of market participants that tends to manifest in waves. According to the theory, a bullish asset goes through a five-wave uptrend with wave three igniting the