Hello Traders!
CVC continues to move downward. The price is near the resistance level of $0.16.
It is possible to assume the continuation of the local upward movement with the purpose of collecting liquidity to the next resistance level of $0.24. After which the downward movement will continue with the goal of updating the lows.
In case of a further downside wave, a mid-term position set in the price range of $0.075 to $0.110 would be of interest. The targets will be the levels of $0.24 and $0.30
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
CVC continues to move downward. The price is near the resistance level of $0.16.
It is possible to assume the continuation of the local upward movement with the purpose of collecting liquidity to the next resistance level of $0.24. After which the downward movement will continue with the goal of updating the lows.
In case of a further downside wave, a mid-term position set in the price range of $0.075 to $0.110 would be of interest. The targets will be the levels of $0.24 and $0.30
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice