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.