As shown in Figure 1, in my technical analysis at a major level of the encrypted concept stocks special article dated April 30, I analyzed $CRCL. Nearly five months have passed, and this viewpoint has already been preliminarily validated. Today we’ll do a follow-up:
As shown in Figure 2, the CRCL monthly-level pullback may have already ended on August 3. From 57.84, what has started running is a new round of monthly-level upward movement—so let’s call it a bull market.
We narrow the timeframe level. As shown in Figure 3, the blue segment is the first wave of daily-level uptrend. As long as it does not break down below 86, the rally still has momentum. If it breaks below 86, it may begin running a pullback targeting the move that started from 78.26. More and more evidence shows that what started from 78.26 is a new round of daily-level uptrend, the same as the 58.66–103.28 range.
Big trends guide smaller levels, and smaller levels confirm the big trend. We started building positions in CRCL during June–July, with a combined average price of over 70. On September 17 we added positions again at 81; on September 21 we added a third time; and today we also made some adjustments.
If you can’t understand the trend, then follow the people who can— even for new friends who joined just last week, CRCL now already has a profit of 16%. When most people who can’t read the trend finally reach the pillow, then daybreak will be here.
As shown in Figure 2, the CRCL monthly-level pullback may have already ended on August 3. From 57.84, what has started running is a new round of monthly-level upward movement—so let’s call it a bull market.
We narrow the timeframe level. As shown in Figure 3, the blue segment is the first wave of daily-level uptrend. As long as it does not break down below 86, the rally still has momentum. If it breaks below 86, it may begin running a pullback targeting the move that started from 78.26. More and more evidence shows that what started from 78.26 is a new round of daily-level uptrend, the same as the 58.66–103.28 range.
Big trends guide smaller levels, and smaller levels confirm the big trend. We started building positions in CRCL during June–July, with a combined average price of over 70. On September 17 we added positions again at 81; on September 21 we added a third time; and today we also made some adjustments.
If you can’t understand the trend, then follow the people who can— even for new friends who joined just last week, CRCL now already has a profit of 16%. When most people who can’t read the trend finally reach the pillow, then daybreak will be here.
