Is the momentum changing for the Content Value Network? The price just broke below its 20-day moving average

The Time View for Content Value Network

  • Currently, the price of CVNT is up $0 (0.35%) of the previous hour.
  • Content Value Network has seen its price drop up 4 in the last 5 hoursthus creating interesting opportunities for the bulls.
  • If you are a trader with a preference for rangebound markets, you may want to note that there is not a clear trend on the 20, 50 and 100 hour timeframes.
  • What is most remarkable about the world of moving averages on the hourly chart is that the 100 the hourly moving average has been crossed, so the price is now turning on it. Moving averages on the hourly timeframe suggest a decline in price, as the 20, 50, 100 and 200 are all in a bearish alignment – ​​meaning the shorter duration moving averages are lower than the longer duration moving averages, this which implies a stable downward trend.

The Content Value Network hourly price chart is shown below.

The Daily View for the Content Value Network

  • As of this writing, CVNT’s price is up $0.03 (4.28%) from yesterday.
  • This move is a reversal the day before, which saw the price drop.
  • Regarding the trend, note that the strongest trend exists on the 50 day time frame.
  • What is most remarkable about the world of moving averages on the daily chart is that the 20 the moving average for the day has been crossed, so the price is now turning on it. The moving averages on the daily time frame suggest a decline in price, as the 20, 50, 100 and 200 are all in a bearish alignment – ​​meaning the shorter duration moving averages are below the longer duration moving averages, this which implies a steady downward trend.
  • A divergence between the price of CVNT and its RSI may occur. As such, be on the lookout for a trend reversal in the price of CVNT.

Below is a daily price chart from Content Value Network.

CVNT