CyberVein Leaning Many Of The Smaller AltcoinsBefore this whole altcoins market craze started, CyberVein (CVTBTC) was one of the first pairs to move.
I remember charting this one and seeing strong growth
We just got out of a correction period/a bearish wave...
Now, CyberVein is once again taking off.
This can signal that the rest of the smaller altcoins are also getting ready to grow.
Just as we saw in the past with LENDBTC, ASTBTC, RENBTC, and many more...
When one altcoin pair prints strong bullish action, the rest is likely to follow since the entire market is connected so we can expect additional growth.
As for CVTBTC itself, this chart...
We do not buy/trade at these levels.
We do not trade this type of chart.
We look for pairs that are trading low/near support.
This in turn gives us lower risk and higher potential rewards.
Namaste.
CVTBTC
Cybervein Consolidates Strong, Bullish Jump?Cybervein (CVTBTC) is looking really strong after growing by 1200%+, its price remains solid on sideways consolidating.
As long as prices remain above EMA10, we expect a 'bullish jump' next for Cybervein.
EMA50 at 0.00000216 can be used as a stop-loss if prices drop.
This is not financial advice.
Namaste.
CyberVein (CVT) | New Bittrex Add!CyberVein (CVT) Overview
A UNIVERSAL NETWORK OF DECENTRALIZED DATABASES
The CyberVein network is the first Distributed Ledger System allowing for the decentralized management of complex datasets on the blockchain itself, without requiring centralized storage providers.
Website: cybervein.org/
CyverVein (CVTBTC) Chart Analysis
CyberVein (CVTBTC) has a new/young chart so we can't predict based on past history.
I took a look at the full chart on Coinmarketcap and noticed that prices just bounced recently out of a new All-Time Low, leaving plenty of room/potential for this altcoin pair to grow.
On the chart above I mark the most important support level, EMA10/0.386 Fib. (0.00000075/ 0.00000076).
Above this level, CVTBTC remains strongly bullish.
Below this level, this altcoin pair starts to go bearish.
This information is shared for learning and entertainment purposes only.
This is not financial advice.
Trade at your own risk.
Thanks a lot for reading.
Namaste.
