CVCUSDT trade ideas
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CVC just broke a triangleCVC has successfully broken a triangle pattern to the downside and the pullback was successful. Now it's on a downtrend, a strong support at 0.7115 will make it bounce on this level. What makes it move in a falling wedge. after this correction, I'm expecting a breakout of this falling wedge upward to a main resistance at 0.1197
CVC - USDTLong CVC if break 0.116 with TP : 0.13 - 0.14 - 0.15 --- 0.16 +++
For Short if breakdown trendline channel, i think it is bearish engulfing candle. Lets see
DWYOR
CVC/USDT, 2 x head and shouldersWhat I see on the chart is that CVC had it's best time for now.
IMO it's just finishing a last little shoulder before dropping back down to a 100% retrace.
CVC/USDT (Retest Low Support?)💎Technical Analysis Summary💎
BINANCE: CVCUSDT
-CVC did a good bounce at 0.084 support but failed in the mid-Fib resistance
-If this 4hr candle closes red, chances to retest the lower support will increase
-We might see another potential bounce at the 0.084 area provided there is buying strength
-Please watch the market closes before placing your buy orders
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CVC projected TP levelI used the 4h timeframe and combined the Fib retracement with tichfork and where the pitchfork centerline cross Fib 1.27 line is my possible TP level.
LONG THIS PEACE OF SHIRTLOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOONNNNNNNNNNNNNNNNNNNNNNNNNNNNNNGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG
CVC.USDT (Y20.P4.E1).StalkingHi,
Just look for a bullish candle combination with this uptrend on the 4 HRLY with the 20 EMA on its side.
Criteria is engulfing candles otherwise it can be the 0.618 fib level.
Cheers,
S.SAri
