While everything else is red, CVC is holding strong.
Looks good to me here. Targeting $.92-1.04 over the next few weeks.
Invalidated on a break of and close under $.42
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Trade active from $.454
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That should've been the bottom at $.40
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Two scenarios I see here. Either $.40 was the bottom and we continue straight up, or there's one more leg down to $.375 and we bounce from there. Either way, I still think the idea is valid.
I've been watching CVCUSDC very closely since it became available on Coinbase. It took a slight dip overnight along with the general market and is at .4350 right now. I would be buying this dip, and anything below. Barring a general market pullback, I can only see CVC continuing to rise to its previous ATH and beyond to 1.00. I will continue to buy any dips. A buy right now at .4350 will more than double, probably not too far in the future. I'm sitting on a few thousand CVC and plan to ride it to 1.00. From there, it could still go far beyond for HODLers.
krakatoa
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So, if it holds for 2 days under $.42, the trade is invalidated?
benjihyam
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@krakatoa, there's a possibility it does that. If it does, as long as it doesn't close below $.40, I think we'll still be fine.