CRV is potentially confirmation of a downtrend reversal. Over the past few days, the asset has broken through the downward trend since June 28, 2022. The breakout has been retested. The 0.5 Fibonacci level has also been broken from the high on February 21, 2023 to the low on September 13, 2023.
For purchases of#CRVfrom the current ones, the bearish divergence in the RSI, in general, is overbought. For now, let’s place a buy order for a speculative spot trade at the volume and mirror level of $0.7312, next to the 0.382 Fibonacci level and the already broken downward trend.
Guidelines for growth within the setup - volume levels:
- 1.3851$,
- $1.5650,
- $1.9350.
In general, in the near future we plan to place a number of pending orders at horizontal and trend levels for assets that are currently overbought.
