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Yesterday, we spoke about the global market crash and recovery and how CAW landed to a previously mentioned zone and rebounced hard….it was actually one of the top performers in the market yesterday. Already CAW has seen 100% growth from the dip on monday. Today CAW has continued its rise and has managed to push through the 100 daily EMA, middle bollinger and the 40 mark which is both key level wick and a psychological round number however it is struggling to completely break this level so considerign it's a wednesday which is typically a quieter volume day I am not confident it will manage this today as much as I want to see the break today / expect to see it this week. If price does fail I imagine it will remain in the high 30s before pushing to the purple zone on Thur or Fri…if it does break we will see the upper box trigger today. I expect this purple box to break quite quickly if not right away and will update future levels once it does however the first one is quite wide as we see some wicks, a third touch trend line (if we do the same as the fib and ignore the oversold candles) and where the second highest peak meets the pivot at 70. Price will most likely react to this quite wide area and we will see a bounce back down to the outside of the channel or a trend retest where price could revisit the low 40s before it makes its run for it's ATH. Proposed strategy Bargain inside the blue channel so keep DCA. Latest CAW News CRONOS ZK upgrade has been delayed until next week. CEXs https://crypto.com/exchange/trade/CAW_USD Socials Icrow with knife website submitted by /u/Nice_Perspective1457 |
