Hi there,
I have been following CVC for half a year now. After the extreme pump of early September, the expected dump and consolidation came as a result.
Since the price is back above the support/resistance of $.45, I am waiting for a buy scenario. My ideal situation where I get the most confirmations is a breakout above $.56 which is also a key Fibonacci level and resistance area at the same time. Then I wait for a retest before entering a trade (leverage/futures). patience is the key.
I have been following CVC for half a year now. After the extreme pump of early September, the expected dump and consolidation came as a result.
Since the price is back above the support/resistance of $.45, I am waiting for a buy scenario. My ideal situation where I get the most confirmations is a breakout above $.56 which is also a key Fibonacci level and resistance area at the same time. Then I wait for a retest before entering a trade (leverage/futures). patience is the key.