$CRV (DAILY): DOWNTREND intact, and going STRONG

CRV has been in a DOWNTREND since the July HIGH, pretty much and it's now all the way back down to the July LOW, a touch above 50c.

So, the whole 140% summertime rally has been annihilated. And obviously all the leverage below been swept clean. Plenty overhead for the MARKET MAKER to go for (see attached MAP).

The only issue here is technically, this is a BEAR MARKET situation, below 200 MA on the DAILY, DEATH CROSS taking place on the DAILY, high selling volumes, bearish MARKET Structure.

All the basic stuff, bearish. What has to happen for me to flip BULLISH again:

1) no daily candle CLOSES below 49c, we need a proper HIGHER LOW above the green box (order block from APRIL).

2) buyers to step-in and confirm this as a STRONG DEMAND area.

3) BULLISH market structure change on lower timeframes, in confluence with other indicators

4) breakout above the descending TRENDLINE and above fib 0.786, VOLUMES here a MUST.

On my watchlist, alerts in place, will post if anything interesting happens. Strong fundamental changes for the project itself, but a chart is KING, as always.

💙👽