CRV has bounced nicely the last 3 times it hit this level against BTC. Between 130-160% each time for the last 3 touches. High probability trade?
Do your own DD.. but I like this chart (and CRV for a number of reasons.. TVL/MCP ratio is one of the lowest in defi, V2 AMM DEX supporting variable price assets puts it in competition with the likes of sushi and uni.. with a MCP 1/20th the size. CRV has been known to fly when BTC corrects.
Oversold against BTC, move from BTC to CRV
Do your own DD.. but I like this chart (and CRV for a number of reasons.. TVL/MCP ratio is one of the lowest in defi, V2 AMM DEX supporting variable price assets puts it in competition with the likes of sushi and uni.. with a MCP 1/20th the size. CRV has been known to fly when BTC corrects.
Oversold against BTC, move from BTC to CRV