Watching $CRV at this level, potential breakdown
Been keeping an eye on $CRV today, and it's looking pretty precarious around the 0.3338 mark. Intraday, we saw a low down at 0.3154, and it's bounced a bit, but the overall structure on the hourly still looks heavy to me. If we fail to reclaim and hold above say, 0.345, I think there's a strong likelihood we test that intraday low again, and potentially push lower. The key risk to this view, obviously, would be a strong push back above 0.35107, which was the daily high. A sustained move above that would certainly invalidate the bearish pressure I'm seeing for the immediate term and suggest a re-evaluation of the current range. For now, the path of least resistance seems to be downwards, but I'm not taking any action until I see clearer confirmation one way or another.