Long
CVC/BTC TA Update (Bulls are back?)
CVC/BTC
CVC is starting to make a move as the price is already trading outside the trend-line resistance. We can see a huge buying volume through this bullish engulfing candle.
if the candle closes bullish in the daily time-frame. I would expect a potential temporary bottom but CVC still needs to form another Higher Low and Higher High to completely change the trend.
It still too early to join the bulls today but we can see some early signs. My best advice is to wait extra more days just for conservative entries.
CVC is starting to make a move as the price is already trading outside the trend-line resistance. We can see a huge buying volume through this bullish engulfing candle.
if the candle closes bullish in the daily time-frame. I would expect a potential temporary bottom but CVC still needs to form another Higher Low and Higher High to completely change the trend.
It still too early to join the bulls today but we can see some early signs. My best advice is to wait extra more days just for conservative entries.
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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.