CVCUSDT trade ideas
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/USDT (Retest Low Support?)๐Technical Analysis Summary๐
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 sleeping beauty woke up, but for how long?CVC is an alcoin that was breathed into life in mid-2017 with the help of ICO.
The maximum value reached $1.66 at the end of December 2017.
During 2018 the cost fell continuously.
And for the last two years, CVC was just lying at the bottom in the range from $0.01 to $0.09, no one needed it, in a deep sleep.
And suddenly, the sleeping beauty was awakened by one tweet, which talked about listing on the Coinbase exchange and the price exploded up)
The pump started from $0.025 and grew to $0.095, which is almost x4 in less than 4 days .
What next, you ask?
And next, if the price can fix above the level $0.09, then the growth can continue to $0.13-0.134.
If the movement loses its strength, then the price may collapse, just as rapidly as it grew!
Below are the levels: $0.051 and very liquid and more probable $0.036.
Therefore, think carefully, are the risks of participating in this pump worth it?
Or maybe this movement is intended for those who got stuck in this coin 2-3 years ago?
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