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Yesterday we discussed how crow with knife was aiming to break the 3rd touch trend line from our peak. When we looked at the CAWPrice/USD chart instead of the Market cap chart we saw the attempt at the 3rd touch to be much cleaner. Yesterday price made a strong recovery and a further attempt at the trend line break The second attempt failed but is currently sitting at a point where it might make another attempt to break. The pattern below could be forming a bullish flag which would indicate another run higher…price is also curently sitting on a trend line indicating further support. The risk to this is that a bullish flag typically loses strenght when it becomes 1/3rd as long as the flag is high so we may need a catalsty to break the trend line without another pull back and attempt Not much more to say until price breaks this line…if it fails it will probably move back to the trend retest we spoke about yesterday and if it does break we will see a decent rally before it pulls back to retest this current trend line. Once that line has been re-tested we take off. Proposed strategy DCA, buy dips , be patient…the roof is going to become a floor soon 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 |
