Last red candle on the 1hr chart has a long lower wick and lots of volume. To me this signals a good entry point and the final dump off before climbing higher. Lower wick on that candle was confirmed by bullish action on the next. RSI is also looking good.
I do not support anyone’s choice to invest in CVC due to the uncertainties of the market at the minute due to Bitcoin. Any choice you make is yours, and I do not have confidence in this graph.
CVC was just added to poloniex, after the usual first gap it bounced and it is starting an uptrend, a fundamental indicator that it might be a long solid uptrend coming. Besides that, we have a clear ascending triangle supported by a Fibonacci retracement level and the uptrend MA. The STOCH and RSI show a healthy movement to the positive area which indicates a...