Modest Recovery: CRV price hints at a potential double bottom reversal after a minor bounce back.
Morning Star Formation: At the 61.80% Fibonacci level, a morning star pattern emerges, suggesting a turnaround.
Challenging $0.72: A reversal could lead to testing the $0.72 high, signaling a possible breakout.
Muted 2023 Performance: Despite a recovery in Q4 2023, CRV only managed a 4% return for the year.
23% Decline: From its high of $0.72, CRV price has dropped significantly.
Golden Crossover Threatened: The ongoing pullback endangers the potential golden crossover in CRV's chart.
Higher Low Formation: Despite volatility, the price maintains a higher low formation, a positive signal.
Trading Volume Insights: Last Tuesday's 5.10% drop was supported by a spike in trading volume, but the subsequent recovery lacks volume support.
Dynamic Averages as Resistance: The declining 50-day and 200-day EMA are turning into resistance points for CRV.
Technical Indicators Mixed: RSI shows a sideways recovery trend, while the EMAs present challenges.
$1 Price Target: If CRV can break above the $0.72 high, it might aim for $1.
Downside Risks: A fall below $0.50 could see CRV testing lower support levels at $0.47 or $0.40.
Morning Star Formation: At the 61.80% Fibonacci level, a morning star pattern emerges, suggesting a turnaround.
Challenging $0.72: A reversal could lead to testing the $0.72 high, signaling a possible breakout.
Muted 2023 Performance: Despite a recovery in Q4 2023, CRV only managed a 4% return for the year.
23% Decline: From its high of $0.72, CRV price has dropped significantly.
Golden Crossover Threatened: The ongoing pullback endangers the potential golden crossover in CRV's chart.
Higher Low Formation: Despite volatility, the price maintains a higher low formation, a positive signal.
Trading Volume Insights: Last Tuesday's 5.10% drop was supported by a spike in trading volume, but the subsequent recovery lacks volume support.
Dynamic Averages as Resistance: The declining 50-day and 200-day EMA are turning into resistance points for CRV.
Technical Indicators Mixed: RSI shows a sideways recovery trend, while the EMAs present challenges.
$1 Price Target: If CRV can break above the $0.72 high, it might aim for $1.
Downside Risks: A fall below $0.50 could see CRV testing lower support levels at $0.47 or $0.40.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.