CXF to 0.48 double top, then 0.41, then 0.84
Updated
If we don't get a meaningful correction now, I expect this to go straight for the last high of 0.48, form a double top, correct to monthly resistance (yellow line) of 0.41, then take off for a higher double top at 0.84 (see September 2021 high).
After that, who knows. May as well go for $2 but Bitcoin will have to be hitting all time highs for that to happen, imo.
After that, who knows. May as well go for $2 but Bitcoin will have to be hitting all time highs for that to happen, imo.
Note
Looks like we may be getting the correction now, which is great. General idea stands, unless the correction just doesn't stop.Note
Nice pump but looks a lot like exit liquidity. I need to see it settle above 41¢ before I'm convinced this is a new leg. But if BTC is on a new leg, so is CFX, and I'll increase my position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.