CRV has falling out of the range and out of the rising channel putting in question our target of $7.2 . Current measured move of the ascending channel is $3.85 which coincide with the lower range support.
However currently price is at the higher range support and has formed an 1H bullish div with the 1H MACD flattening out, suggesting a resumption of the uptrend or at least a retest of the ascending channel.
If price manages to break back into the channel then this is a bullish fakeout. If not then $3.85 is real.
However currently price is at the higher range support and has formed an 1H bullish div with the 1H MACD flattening out, suggesting a resumption of the uptrend or at least a retest of the ascending channel.
If price manages to break back into the channel then this is a bullish fakeout. If not then $3.85 is real.
Comment:
broke back in for the second time and looks like it found support.
