$CRV – Elliott Wave Reversal in Progress

#CRV has wrapped up a clear 5-wave impulsive downtrend, bottoming out near the $0.44 zone. This marks a significant pivot point—often where smart money begins watching for a corrective play.

We’re now deep into an ABC corrective structure, with Wave C actively unfolding. Price is currently hovering just below the 0.5 Fib extension at $0.5499, and could push toward the 1.618 extension at $0.5846—a typical target for Wave C.

What’s key here?

Wave A showed strong upward momentum

Wave B held a healthy retracement

Wave C is showing follow-through and could complete the correction cycle

Also worth noting: volume has picked up slightly during this recovery phase, often signaling renewed interest after a capitulation-style selloff.

As long as price remains above the recent $0.50 support, the upside scenario stays intact.

But watch closely—rejection from these Fib levels could turn this move into a fakeout.