Bullish Diversion at Bottom - Buy Potential for Quick Trade
Updated
CVCBTC seems to have found a bottom and has been consolidating for a possible move out of down trend. 4HR RSI shows pretty strong divergence from price leaning toward bullish signals. I think it will drop down to or near lowest support one more time before going up to test downtrend upper limit. If it breaks downtrend, I think it will start heading into a new uptrend. There isn't much history on this, so I do not have an estimated long term price target at this time.
Short term TP1: 0.00006250
Short term TP2: 0.00008050
Tight Stops at around 0.00005345 (just below lower support)
Short term TP1: 0.00006250
Short term TP2: 0.00008050
Tight Stops at around 0.00005345 (just below lower support)
Note
TP1 hit, but not quite enough juice to break through major down trend. I expect it to ride back down to lowest support and consolidate before trying again.
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