ThatTobiThough

ThatTobiThough

Due to Fib extensions CVC will recieve a huge gain either long or short. A descend is not that probable atm due to the technical indicators.

ThatTobiThough

Drawing a Line at .55005 as support and a downward-facing resistance, we can see that we are about to get a breakthrough in any direction, really. The past few days have been pretty unpredictable for alts since the BTC ATH break.

ThatTobiThough

Looking at the drop from the 25th November, we can draw a channel closing somewhere mid-December maybe. My main point is that if the price bounces from the bottom line upwards, one could expect a bullish rise up to 7% just staying within the channel.