ANALYSIS 🔎
- CVCUSDT bounced off the ascending channel support, breakout out above the falling wedge's resistance.
- CVCUSDT hit a swing high and retraced.
- Price retested the falling wedge's resistance.
- Price action is printing an ascending triangle pattern.
- Price is testing the ascending triangle's horizontal resistance.
- Breakout above the ascending triangle's horizontal resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
- CVCUSDT bounced off the ascending channel support, breakout out above the falling wedge's resistance.
- CVCUSDT hit a swing high and retraced.
- Price retested the falling wedge's resistance.
- Price action is printing an ascending triangle pattern.
- Price is testing the ascending triangle's horizontal resistance.
- Breakout above the ascending triangle's horizontal resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.