ishorus

Don't chase CVC/USDC to consolidate

Long
It's been a couple great days for CVC/USDC. Up over 50% in the last 24 hours alone. However, daily and weekly energy are now in exhaustion. I would avoid chasing this coin. Let it consolidate and restore energy for the next leg up. If it's a tight consolidation it could form a cup with handle pattern. This would put the next move up around 1$ after consolidation.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.