It’s been 4 weeks since buyers lost their global initiative in the CRV market. In addition to taking control of the $3.6 critical mark, sellers also reversed the global growth trend of December 2020. In mid-January 2022, sellers broke the $3.6 mark with a powerful weekly candle and still keep it under control. Attempts by buyers to regain control of the CRV market have so far been quite unsuccessful. Trading volumes on the weekly timeframe continue to fall and indicate the beginning of a global correction in the CRV market. Buyers are more likely to be able to test the $3.6 range several times in the global timeframe. However, this will only worsen their situation and clearly show the weakness of buyers. Therefore, investing in CRV cryptocurrency at current prices is quite dangerous, as there is a high probability that the price will fall to $1.94. This is the first serious liquidity zone from which a new growth wave can begin. Though, even if the $3.6 range is taken under control, the trend of buyers will not be restored. It will become weaker and after the local growth wave with the target of $6, the global correction will still begin. The exception is if during February we see a strong growth impulse on high volumes. Technical Analysis Of CRV On The Daily Timeframe https://www.tradingview.com/x/7bqBV45j/ How long will buyers be motivated to try to control the $3.6 mark? In our opinion, as long as the $2.78 mark is under the...
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