[WATCH SIGNAL - 1:22 RISK:REWARD] CVC/BTC ascending triang
CVC was just added to poloniex, after the usual first gap it bounced and it is starting an uptrend, a fundamental indicator that it might be a long solid uptrend coming.
Besides that, we have a clear ascending triangle supported by a Fibonacci retracement level and the uptrend MA.
The STOCH and RSI show a healthy movement to the positive area which indicates a controlled but solid movement up which is good especially near the end pressure zone in the triangle, definitely to be watched.
Short/mid term we can expect sell targets at all fib levels. If you go for a long position, I believe to be a good idea and timing.
Besides that, we have a clear ascending triangle supported by a Fibonacci retracement level and the uptrend MA.
The STOCH and RSI show a healthy movement to the positive area which indicates a controlled but solid movement up which is good especially near the end pressure zone in the triangle, definitely to be watched.
Short/mid term we can expect sell targets at all fib levels. If you go for a long position, I believe to be a good idea and timing.