Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of CVC .
According to my technical analysis , CVC is moving in a channel with support from trendline. Now, we are expecting a rise!
"My analysis is valid until We don't see a breakout from trendline"
I hope my analysis is pretty clear to you guys.
💎 CVCETH has been moving along the descending channel, when the price reached the support zone it got rejected from the zone. If the price goes down to the pullback zone again, we expect than it get rejected again.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.0001190
☕️ TP1 0.0001320
Welcome to this quick cvc/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- cvc/usdt bullish inverted head and shoulders patttern confierm and retest complete.
Entry:- 0.49$, 0.51$.
Sorry for my english it is not my native...
Many altcoins are now forming a structure on the charts - an accumulation.
CVC is squeezing near the key $0.51 level, which is a good signal for growth. If the price breaks through $0.51 and tests it as support, it would be a good buying opportunity. The target is marked above.
Write in the comments all your questions and instruments analysis of which you want...
Looking for a Long position in CVC/USDT. It can likely breakout of the ascending triangle and hit the targets marked in green. The stoch indicator also shows oversold and it has great potential.
Use no more that 5% of your portfolio.
Enter around: $50 - 52
Targets: 54.5, 60, 65, 69 and 73.
Note: this is not financial advise and trade at your own risk.
Waiting for Blue or Green in the indicator
or Break Through the Resistance Line violently
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
CVC is at the moment breaking an important level of resistance and it seems bullish enough today to break it.
That being said, if you draw a slopping resistance from the all time high to the current, it's what gives me a confirmation that it still has room to grow.
wish y'all have a profitable life.
📍 We have a good new volume in TOTAL2 chart, as well as Bitcoin Dominance ranging in this percentage.
📍 ETH Tokens looking juicy and bullish in my point of view.
📍I will wait till the lagging span comes out of the komu cloud
THIS IS NOT A FINANCIAL ADVICE