Crypviser Weekly Digest

CVNX was listed on CoinMarketCap(CMC)

Finally! The CVNX is live on thee CoinMarketCap

Global Crypto Market

Fear and Greed Index condition: extreme fear (23 points) today, extreme fear (20 points) last week. Funding for margin positions on major coins has become near zero. Bitcoin did not hold the trading range and is now breaking its ascending structure. Bitcoin’s dominance state has declined to 41.82% (a week earlier 42.34%). The alt-season index has declined to 29 points (a week earlier 31 points).

Huobi CVNX Market (CVNX/BTC)

CVNX/BTC TA on Huobi Global (1D)

4H timeframe

CVNXBTC continued its downward movement and broke the support level. Whichever way the price goes, it will be severely tested this week. In case it rises to the resistance level, we may have a double-bottom reversal pattern, but if the price reaches the support level, it would be tested by the buyers and hence the interest in the coin on the market.

Timeframe 1D

Volumes are falling along with the price, so we expect traders interest in the token to recover if the market rises.

Forecast

Since the token is in the accumulation phase, it’s expected to pass with reduced volatility next week. If volatility and trading volumes decrease and the price holds the support level, we expect changes in the key trade indicators.

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