Great moves for $CRV that completed the bottom as expected in the previous post (look here > CRV: long setup ) with a +50%, arguably the best in top100 altcoins. Now it's time for the next phase.
First of all we have to notice the lower time frame (LTF) accumulation that produces this 50% gains: it is the blue range in which the price moved for more than 60 days
On the 11th of Apri, the price broke out of the range making a Sign of Strength (SOS). This is a great place for a first taking profit and it is frequently followed by a retest
The retest we got was another range around the upper resistance: a re-accumulation above the accumulation range, a powerfull pattern that shows how accumulation buyers are not willing to take much profit, because they think it will go way higher, while new buyers are entering the market.
What we have now is a trend moving inside a channel. We are still at the begin, but we should expect this movement to be much stronger than the previous one, with a first target above $0.80 before a first deep retest and a second one above $1 before the correction of the full wave.
Any retest above 0.62/0.63 is an amazing entry to catch a move that is star going vertical; otherwise another strategy is to add slowly every day.
FOMO is coming soon on $CRV so better accumulate now than entering when it's exploding!🚀