Nervos Network (CKBUSD) has been having one of the most successful rallies since the start of the year among high cap tokens and broke above its March consolidation last week. That was the 2nd bullish break-out after the ATH Lower Highs trend-line break-out on the week of February 19 2024.
Last week we had a successful hold of that former Lower Highs trend-line...
CKB recently breached a descending trendline and has effectively confirmed this breakthrough with a successful retest. Presently, price is retesting a significant support zone, where it previously got rejected four different times (indicated by green upward arrows).
Observing the chart, an inverted Head & Shoulders pattern is taking shape. Our anticipation is...
If you are looking at Nervos then you are lucky or wise for making this choice.
Nervos (CKBUSD) is both early in its cycle and also bullish.
First, notice the November 2020 low. Nervos currently trades above this level which goes in favor of the bulls.
The next detail is the Inverse Head & Shoulders pattern or simply a pattern of 3 drops to seal a low/bottom...
