Technical analysis by SerenityEquity about Symbol CRV: Buy recommendation (3/7/2025)

SerenityEquity

Price Action & Range: The price has been in a downtrend, forming a range low and a range high. There is a clear liquidity curve, showing a gradual decline in price before stabilizing. The price recently tested the range low, where manipulation occurred (highlighted in grey). A potential bullish reversal is anticipated, aiming toward the range high. Key Levels: Range Low: The lowest price level in the marked range, acting as strong support. Range High: The highest price level in the marked range, acting as resistance. Two intermediate target levels are indicated. Manipulation Zone: A grey box at the range low signifies market manipulation, likely a stop-hunt or liquidity grab before a move up. Future Price Projection: An upward arrow suggests a forecasted price increase toward the range high. 1M Candle Overview: The right side of the chart includes a monthly (1M) candlestick, showing significant volatility with a large wick. Summary: The chart suggests that CRV is currently at a strong support level, and after a manipulation event, the price is expected to rally towards the range high. The analysis aligns with a liquidity-based trading strategy, aiming to capture the next big move.