CRV macro view

2021년 10월 9일

I've been requested to analyse CRV. As the history of this project is pretty recent I prefer to check the weekly to assess how's doing on a macro scale.
After the normal dump which usually follow up every project new listing you can see it regained momentum during last Q1, on weekly it's forming what I think it's a triangle rather than a wedge. If I'm right this pattern will breakout upward as it's a continuation pattern. Also, the general sentiment is that altseason is close and this should boost CRV as well.

I'd wait the end of the week to understand if price will be able to break through that resistance line and then, if it does, I'd make my entry. Meanwhile you can see two dashed lines there representing first R and S in case of breakout or rejection. On the long run the target "by book rules" is on the chart.

Good luck