CVC has formed a new all time high last week. Since then, a small correction has been going on, which has now concluded.
Since today CVC is seeing small 4H candles, indicating that early buyers are flocking in and pushing the price higher. Like we have seen with a lot of other crypto's, small bullish bars are often leading to later exponential growth. In case of the latter, we could expect a new all time high soon.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
Since today CVC is seeing small 4H candles, indicating that early buyers are flocking in and pushing the price higher. Like we have seen with a lot of other crypto's, small bullish bars are often leading to later exponential growth. In case of the latter, we could expect a new all time high soon.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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