Curve | Descending Channel, A&E Bottom, Volume & Price Action

15 Ağu 2024

A 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.

30 Kas 2024

İşlem aktif

Patience is key is all I can say... CRVBTC is now fully moving within a bullish wave.
Once green, your Bitcoin's start to multiple everyday.