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

15 Ağu

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.