what happens when a quiet chart suddenly stops being quiet?
$CFG spent most of the time moving slowly around $0.1030, building without giving much away. Then buyers came in, and the whole thing started climbing.
but is this where it ends?
price is now sitting near $0.1238, just under the $0.1242 high. If it breaks and holds above there, $0.1300 and then $0.1350 could come next.
if $0.1242 keeps pushing it back, I would watch $0.1199 first, then $0.1143. Losing that area could send it back toward $0.1086, where the last real build-up happened.
the strange part is how little this chart was saying before the move.
now it is saying a lot.
maybe $0.1242 is just another door.
or maybe it is the place where the move finally asks us to slow down.
#cfg #trending #spot #gainer
$CFG spent most of the time moving slowly around $0.1030, building without giving much away. Then buyers came in, and the whole thing started climbing.
but is this where it ends?
price is now sitting near $0.1238, just under the $0.1242 high. If it breaks and holds above there, $0.1300 and then $0.1350 could come next.
if $0.1242 keeps pushing it back, I would watch $0.1199 first, then $0.1143. Losing that area could send it back toward $0.1086, where the last real build-up happened.
the strange part is how little this chart was saying before the move.
now it is saying a lot.
maybe $0.1242 is just another door.
or maybe it is the place where the move finally asks us to slow down.
#cfg #trending #spot #gainer