CVC/USDT - Market Update 07.08.22Hello Traders!
CVC continues to move downward. The price is near the resistance level of $0.16.
It is possible to assume the continuation of the local upward movement with the purpose of collecting liquidity to the next resistance level of $0.24. After which the downward movement will continue with the goal of updating the lows.
In case of a further downside wave, a mid-term position set in the price range of $0.075 to $0.110 would be of interest. The targets will be the levels of $0.24 and $0.30
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
CVCUSDT trade ideas
[ALTCOIN] CVCUSDT TREND LINE ANALYSISHello, everyone
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There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
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Chart Analysis Content -
When you look at the blue downward trend, you can see that you went down to check the bottom one more time, but when you look at the upward trend line, it's hard to guess when the chart will go up because it comes down below the green line.
Currently, it is rising along the red line, which is a sharp upward trend, but it can break through the decline and check the bottom of the downward trend once again and raise it.
For stable trading, it is time for the candle to go up on the green upward trend and test it.
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CVCUSDT is testing the monthly resistanceThe price is testing an important resistance of 0.3$ after a bounce on the weekly support. The price is trying to have a breakout from the dynamic daily resistance and static monthly one.
On the 4h timeframe we can see how the price had a breakout from the previous resistance on 0.28$ with a nice retest.
How to approach?
If the price is going to have a breakout from the monthly resistance and retest it as new support, we can add in our watchlist and wait for applying our rules for a new long position
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
CIVIC Daily TA : 02.19.22 $CVCAll the supports and resistances are marked on the chart and everything is clear in this analysis , but , just in case , if you had any questions or doubts Please feel free to ask in the Comment section .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 19.Feb.22
⚠️(DYOR)
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CVCUSD (4H) Bearish reversalHi Traders
CVCUSD (4H Timeframe)
A Med-High probability, entry signal to go SHORT was given at 0.3020 after the market completed a bearish trend reversal pattern. Only the upward break of 0.3303 would cancel the bearish scenario.
Trade details
Entry: 0.3020
Stop loss: 0.3303
Take profit 1: 0.2858
Take profit 2: 0.2584
Score: 7
Strategy: Bearish reversal