Looking at our trend timeframe we see price has returned to it’s historic lows at 2000 satoshis. showing momentum is starting to shift in favors of bulls, last time we were at this level we saw a radical push from 2000 to 8000. With Bitcoin starting to looking more day after day, and this alts reaching historic lows a breakout must be near.
Shifting over to our pattern timeframe we see CVC has formed a higher high at 2200 and is now looking to form a higher low near 2025. A daly close above 2200 activates our trade, however if rejected at this level expect a drop towards 1700.