CRV is lagging behind major cryptos as it had done bigger correction since 2021 (when majors were already falling in 2022, CRV decided to do one more fakeout with new local top and therefore developed lag and need for deeper correction).
Recent bounce up revealing it tested S/R range at fibb 0.5 and then corrected to make higher low (same thing BTC and XRP did before pushing to new ATH).
Next leg for CRV will be push above Jan 2022 high - likely target being fibb 1.272 extension. From there a bit of consolidation before another push higher to test ATH at fibb 1.618 range.
Recent bounce up revealing it tested S/R range at fibb 0.5 and then corrected to make higher low (same thing BTC and XRP did before pushing to new ATH).
Next leg for CRV will be push above Jan 2022 high - likely target being fibb 1.272 extension. From there a bit of consolidation before another push higher to test ATH at fibb 1.618 range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.