Technical analysis by Pretty_Aggressive about Symbol CRV: Buy recommendation (1/9/2025)

CRV (on Ethereum) continues to slow down, both in price and volume after the initial Trump-win driven deFi pump.With a lower high structure in place, we now anticipate two possibilities: a) holding the 55 EMA as support around 80c - bullishb) losing the 55 EMA and going lower - more bearishBecause we are talking about buying spot (buying to hold in your wallet for a couple of months, not a leverage trade on an exchange), we are looking for that 0.618 Fib revisit on the Daily, which comes in at an entry of ±61c. This allows market makers to take out all the longs that bought in on the last big pin bar candle from 20 December 2024 that went as low as 68c. It also gives us a retest of the December lows.There is the outside chance if markets nuke down for some reason - black swan or some other bad news affecting prices - you could even revisit 43c with a bounce on that 200 Daily SMA. However, considering how bullish the market has been, we will not hold out hope for this.Considering the current momentum and volume in the market, this is what we're waiting for before deploying into CRV - which we would then plan to hold for most of the rest of this cycle / the rest of 2025.