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Solana Memecoins
crow with knife meme coin technical analysis from experienced FX trader - 09/08/2024

Yesterday we discussed how crow with knife was aiming to break the 3rd touch trend line from our peak.

When we looked at the CAWPrice/USD chart instead of the Market cap chart we saw the attempt at the 3rd touch to be much cleaner.

Yesterday price made a strong recovery and a further attempt at the trend line break

https://preview.redd.it/ng13dhlb2lhd1.png?width=1694&format=png&auto=webp&s=78945a2f7b55809b92dd72a6ae169a872979f32a

The second attempt failed but is currently sitting at a point where it might make another attempt to break. The pattern below could be forming a bullish flag which would indicate another run higher…price is also curently sitting on a trend line indicating further support. The risk to this is that a bullish flag typically loses strenght when it becomes 1/3rd as long as the flag is high so we may need a catalsty to break the trend line without another pull back and attempt

https://preview.redd.it/94lrz5gj3lhd1.png?width=962&format=png&auto=webp&s=449cb386f2e346cbdd567f97d81d0a8d4af2cdd6

Not much more to say until price breaks this line…if it fails it will probably move back to the trend retest we spoke about yesterday and if it does break we will see a decent rally before it pulls back to retest this current trend line. Once that line has been re-tested we take off.

Proposed strategy

DCA, buy dips , be patient…the roof is going to become a floor soon

Latest CAW News

CRONOS ZK upgrade has been delayed until next week.
Teams have started doing some Solana outreach and building LP there.
CAW is a top weekly gainer on the Base chain

CEXs

https://crypto.com/exchange/trade/CAW_USD
https://crypto.com/exchange/trade/CAW_USDT
https://www.gate.io/trade/CAW_USDT?ref=12312805
https://www.bitmart.com/trade/en?symbol=CAW_USDT

Socials

Icrow with knife website
join the crow with knife discord
https://x.com/crow_with_knife check out crow with knifes instagram
crow with knifes’ tiktok
read about crow with knife on coinmarketcap

submitted by /u/Nice_Perspective1457
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