CRVLong
CRV: Daily RSI + Strong Support
Every time CRV's daily RSI nears level 30, it is usually followed by a nice bounce up. We are also seeing bullish divergence, where the price action is making lower lows and the RSI is making slightly higher lows. In addition, CRV has tapped this strong support zone 4 times since May 2021.
I would not expect a full bullish continuation until that downward trend line is broken and tested as new support.
I would not expect a full bullish continuation until that downward trend line is broken and tested as new support.
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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.