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#CRV# has been in a long-term downtrend since its 2021 peak $6.50, forming a potential multi-year bottoming structure.
Since late 2023 into 2025, it has shown sideways accumulation with some upward spikes, indicating possible phase transition.
Wave 1: Impulse rise from Aug 2024 to ~$1.35 Dec 2024
Wave 2: Pullback to $0.35 area in March 2025.
Wave 3 possibly in progress.
If this is valid:
Wave 3 target: ~$2.20 (Fib 1.618 extension of Wave 1)
Then possibly Wave 4 retracement, and Wave 5 later toward ~$3.00–$3.50.
Invalidation level: Sustained drop below ~$0.65–$0.70 would invalidate the bullish impulsive structure and imply deeper accumulation or new lows.
RSI Currently around 54, mid-range but cooling off from recent overbought zone 80.
RSI has respected support near 30 and 40, indicating buyers are stepping in consistently on dips.
No strong bearish divergence is visible yet — this supports further upside possible short-term.