đš $CVC
on the Edge! Will the Head & Shoulders Pattern Send It Tumbling? đš
Currently trading at $0.1604 (-6.69% dip), $CVC has formed a classic Head & Shoulders pattern on the charts, signaling potential bearish momentum ahead! Could this be a warning for more downside action?
đ Levels to Keep on Your Radar:
Support: $0.1500 â ïž
Resistance: $0.1770 đ
Breakdown Target: $0.1300 đ
Bearish Outlook:
If CVC cracks below the $0.1500 support, a swift plunge to $0.1300 could be on the horizon. This would confirm the pattern breakdown, drawing more sellers into the mix. đ
Bullish Scenario:
A strong hold at $0.1500 could see bulls regroup and propel CVC back to the $0.1770 resistance level. đ Watch for signs of a reversal!
đĄ The question is, will CVC bulls stand firm, or will bears break through? Keep your eyes glued to the $0.1500 level for any sudden moves! đ
