#CRV has just printed a massive bullish engulfing weekly candle, breaking through prior resistance around $0.76 with huge volume.
Break of Structure (BoS): Price broke above the previous lower high at ~$0.76, signaling a bullish reversal in market structure.
Current Structure: We're now in the early stages of an uptrend—first higher high formed.
Fibonacci Retracement (on Weekly Leg from $0.3470 to $1.0256)
Key Levels:
0.236 Fib: ~$0.87
0.382 Fib: ~$0.75
0.618 Fib: ~$0.59
As the current price is $1.0174, we are very close to the local high. Expect short-term profit-taking and a pullback in the next 1–2 candles.
Massive spike to 295M+ confirms whale interest and breakout volume.
When volume spikes this high, expect:
Either a continuation push above $1.03
Or a retest of previous structure (~$0.87–$0.76) before resuming uptrend.
3-Day Strategy
Day 1 (Today) Sideways/Small wick up to ~$1.05 Resistance: $1.05–$1.08 Consider taking partial profit if already in.
Day 2 Likely minor correction Support: $0.87 (Fib 0.236), then $0.76 Watch for wick to $0.87 – buy dip with stop below $0.74
Day 3 Rebound or continue consolidation Bounce target: $0.95–$1.00 Expect bounce if held above $0.87. Add to position if strong reaction.
DYOR
