Possible move to $0.50 (witch can be supported by 50 MA)and then bounce back up to $0.67 area-price control zone (middle)of the uptrend channel and it is also corresponds to the previous high ,if it breaks up pass the $0.67 area (previous high witch will be resistance ) then we can see it moving higher.
Look at the CCI alert (purple and red vertical lines on the chart and correlate it to CCI at the bottom of the chart -look at the orange squares-it indicates that there can be a possibility of the move down ,also look at the VPVR and it correlation to entry zone( $0.50) marked by the orange rectangle and at the 50 MA -green line crossing the stop loss area ($0.48).
Cation -while CVVUF showing an uptrend for the past 5 month ,RSI is showing negative divergency (look at weekly or daily timeframes) ,also volume is declining as well but bullish trend is continues -can it be a sign of a big correction in the near future ?
Game plan :
Entry - $1.51
Stop -$0.48
Exit -$0.67
R/R - 1/5.3
Look at the CCI alert (purple and red vertical lines on the chart and correlate it to CCI at the bottom of the chart -look at the orange squares-it indicates that there can be a possibility of the move down ,also look at the VPVR and it correlation to entry zone( $0.50) marked by the orange rectangle and at the 50 MA -green line crossing the stop loss area ($0.48).
Cation -while CVVUF showing an uptrend for the past 5 month ,RSI is showing negative divergency (look at weekly or daily timeframes) ,also volume is declining as well but bullish trend is continues -can it be a sign of a big correction in the near future ?
Game plan :
Entry - $1.51
Stop -$0.48
Exit -$0.67
R/R - 1/5.3
Entry at $0.51
R/R 1/4