CKBUSD This rally isn't over yet.

8 Apr

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 for a second time, which turned it technically from a Resistance to the new Support of this uptrend. An uptrend which may be on an overbought 1D RSI but, as per the parabolic rally of the previous Bull Cycle, it may extend to at least the 1.5 Fibonacci extension. We are expecting 0.08000 minimum in the next 5 months.



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