Hello community members welcome to CVC/USDT 2hr chart analysis by CRYPTOSANDERS
I have tried my best to bring the best possible outcome to this chart.
As we can see from the above-mentioned chart that CVC/USDT was trading inside the parallel channel pattern and broke the upper trend line now moving to retest the upper trend line which will be the confirmation for taking a long position according to the 2hr chart.
In the current scenario CVC also getting the support of yellow MA so, it can bounce here also.
If it breaks the yellow MA support then the upper trend line will be must hold zone for CVC.
If it moves back inside the channel then this chart will be invalidated.
Entry:- $0.28457,$0.29337
Traget:- 50%
Stoploss:- $0.26800
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
I have tried my best to bring the best possible outcome to this chart.
As we can see from the above-mentioned chart that CVC/USDT was trading inside the parallel channel pattern and broke the upper trend line now moving to retest the upper trend line which will be the confirmation for taking a long position according to the 2hr chart.
In the current scenario CVC also getting the support of yellow MA so, it can bounce here also.
If it breaks the yellow MA support then the upper trend line will be must hold zone for CVC.
If it moves back inside the channel then this chart will be invalidated.
Entry:- $0.28457,$0.29337
Traget:- 50%
Stoploss:- $0.26800
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
