CVC ANALYSIS
CVC
CVC recently pushed open a new bottom, with is not good news. CVC has stalled inside the support zone, but much lower than previous bottom. I expect a relief rally considering RSI and STOCH have pushed into a neutral zone. The relief rally I expect to run up to 50 & 100 MA above 300 sats and possibly 350 sats. This would be a new short term resistance zone, upon hitting this block, expect another drop back to a double bottom at 240 sats and possibly lower! I would wait this out, until a clear bottom has been found or CVC is able to break ABOVE 100 & 200 MA. Anything under 400 sats is still in bearish territory.
CVC recently pushed open a new bottom, with is not good news. CVC has stalled inside the support zone, but much lower than previous bottom. I expect a relief rally considering RSI and STOCH have pushed into a neutral zone. The relief rally I expect to run up to 50 & 100 MA above 300 sats and possibly 350 sats. This would be a new short term resistance zone, upon hitting this block, expect another drop back to a double bottom at 240 sats and possibly lower! I would wait this out, until a clear bottom has been found or CVC is able to break ABOVE 100 & 200 MA. Anything under 400 sats is still in bearish territory.
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