Long
GVT/BTC, Binance, 1D
CVT bounce from 0.618 Fibo, retested previous resistance, which became support now. The price broke up Kumo cloud and going up now. On 4 hours it's finishing wave 5,
which is wave 1 on 1D. After 2nd wave finishes on daily, there is an entry.
which is wave 1 on 1D. After 2nd wave finishes on daily, there is an entry.
Note
BTC destroyed the party. Price is bouncing but the move doesn't look convincing. I wouldn't re-enter now, more safe to wait for uptrend confirmation from the retest of pink horizontal line.
Cryptanika
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Cryptanika
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.