Bullish Diversion at Bottom - Buy Potential for Quick Trade

CVCBTC seems to have found a bottom and has been consolidating for a possible move out of down trend. 4HR RSI shows pretty strong divergence from price leaning toward bullish signals. I think it will drop down to or near lowest support one more time before going up to test downtrend upper limit. If it breaks downtrend, I think it will start heading into a new uptrend. There isn't much history on this, so I do not have an estimated long term price target at this time.

Short term TP1: 0.00006250
Short term TP2: 0.00008050

Tight Stops at around 0.00005345 (just below lower support)

ความคิดเห็น:

TP1 hit, but not quite enough juice to break through major down trend. I expect it to ride back down to lowest support and consolidate before trying again.