$CCIV is it bottoming
A lot of noise about this online, thought a technical view would be interesting.
So, the uptrend was like a 🚀. The same rising trendline couldn't stop the fall, and maybe just slowed it down, if at all.
Now for the good part. The descending trendline was broken, with a very mild bounce from the 73.6 fib level.
There is a chance this is the bottom.
That broken trendline is very positive.
I would still want to see a proper bottom form before getting in.
Happy trading!
So, the uptrend was like a 🚀. The same rising trendline couldn't stop the fall, and maybe just slowed it down, if at all.
Now for the good part. The descending trendline was broken, with a very mild bounce from the 73.6 fib level.
There is a chance this is the bottom.
That broken trendline is very positive.
I would still want to see a proper bottom form before getting in.
Happy trading!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.