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Yesterday we spoke about the recovery of CAW to the purple box that's been discussed since the 26th. I suggested it would fail to trigger the box and then price would fall back to the high 30s before it headed higher on thurs/or friday. Price got so close to the box though …that I have been debating calling it a hit. Why this matters is that if then 3rd touch of the big trend line running from the peak is triggered on it's 3rd touch it will be FAR easier to break. Now I typically chart in market share view on DEX screener v USD however you can also chart on price view also versus CRO. This gives us 4 slightly different charts. By slighty different I mean price will be 2-3% off. If we were to look at price v usd chart we do actually trigger the box Price then pulled back to the trend line retest of the 6 week down trend line shown and the 38 fib of the latest move up as shown here . This means that despite a significant pull back later in the day the price action is pretty bullish and pretty soon ill be able to start discussing our next price targets in more detail There is however still some downside risk as BTC looks like it's struggling to find bullish direction. Proposed strategy DCA, buy dips , be patient 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 |
