Curve | Descending Channel, A&E Bottom, Volume & Price ActionA major downtrend is coming to an end, but, how do I know?
Good morning my dear friends... See this chart:
➢ Here we can see CRVBTC moving within a wide descending channel; a classic downtrend.
Looking up close, price action dynamic changes as we move to present time and we have a change in volume dynamics.
Close up chart:
➢ Notice the classic bottom formation we call Adam & Eve. You can call it anything you like really but this pattern consist first, of a pointed low followed by a rounded one.
➢ The candlesticks also reveal a strong bullish bias. Market conditions can always change, in a week, in a day; but the chart is currently bullish and thus we expect to see higher prices based on these signals.
Thank you for reading.
You are appreciated.
Namaste.
