$CCIV is it bottoming
A lot of noise about this online, thought a technical view would be interesting.
So, the uptrend was like a 🚀. The same rising trendline couldn't stop the fall, and maybe just slowed it down, if at all.
Now for the good part. The descending trendline was broken, with a very mild bounce from the 73.6 fib level.
There is a chance this is the bottom.
That broken trendline is very positive.
I would still want to see a proper bottom form before getting in.
Happy trading!
So, the uptrend was like a 🚀. The same rising trendline couldn't stop the fall, and maybe just slowed it down, if at all.
Now for the good part. The descending trendline was broken, with a very mild bounce from the 73.6 fib level.
There is a chance this is the bottom.
That broken trendline is very positive.
I would still want to see a proper bottom form before getting in.
Happy trading!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.