CRV - 4h. The critical range $1.69-1.77
The strong wave of growth that began on January 11 in the CRV market began to slow down. The main problem of growth inhibition was the range of $1.69-1.77.
As you can see in the chart on January 17, buyers failed to break this range, even on high volumes. Only after the correction and even high volumes, the price of CRV was fixed above the range of $1.69-1.77.
However, the price growth channel has changed. Trading volumes decreased. Now sellers are again trying to test this range. Buyers look quite confident and the current consolidation is more like increasing the position of buyers to continue to grow.
Therefore, in the short term we expect a repeat test of $2.25-2.35.
However, global CRV targets are higher. Where? See our global idea:
https: //https://www.tradingview.com/chart/CRVUSDT/mE2XspE6-CRV-12h-Harmonious-growth-needs-short-term-rollback/
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As you can see in the chart on January 17, buyers failed to break this range, even on high volumes. Only after the correction and even high volumes, the price of CRV was fixed above the range of $1.69-1.77.
However, the price growth channel has changed. Trading volumes decreased. Now sellers are again trying to test this range. Buyers look quite confident and the current consolidation is more like increasing the position of buyers to continue to grow.
Therefore, in the short term we expect a repeat test of $2.25-2.35.
However, global CRV targets are higher. Where? See our global idea:
https: //https://www.tradingview.com/chart/CRVUSDT/mE2XspE6-CRV-12h-Harmonious-growth-needs-short-term-rollback/
__________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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