CRV Technical Analysis: Near the Yearly Highs, Wait for More Resistance Breaks
Let us see the technical analysis of CRV.
Past Performance of CRV
The CRV coin is trading at $4.324, which is just a 2% increase since yesterday. The point to note is that the price has moved from $3.4 on December 14, 2021, to a bit higher. Moreover, it has moved between a large range of $2.81 and $6.39 during the last month.
CRV Technical Analysis
CRV had climbed 168% to hit a yearly high of $5.51 on October 28 as its 24-hour trading volume spiked 89% to $1.3 billion. The price is still very near to this. Thus, one can see new highs being touched if the volumes help.
The On-balance Volume is at 738 million, showing a rise in the direction, and the increasing volumes seem to confirm this trend. When both price and OBV are making higher peaks and higher troughs, the upward trend is likely to continue.
RSI is at 54% and inching its way upwards slightly. One can see the bullish trend being gained. The price is moving out of the support zone of 50% and is expected to move into the 50-70% range if the trend remains bullish.
The MACD lines are now separating and staying below zero. The signal line (yellow) is below the MACD line (blue), thus following the trend of certain positivity in prices.
Price Trends for the Day-Ahead and Tomorrow
The monthly technical indicators and moving averages for CRV suggest 3 buy and one sell recommendations. Weekly technical indicators and moving averages suggest 12 buy signals and ten neutral signals. Watch for a support level of $3.9. If it manages to stay on the pivot level of $6, then the resistance of $8 can be seen.