The Bitcoin is taking over Civic since inception. The trend remains bearish but the question is how far down it will go and whether it will go down to 0? Civic is very weak indeed against BTC and with the recent wave down it could go even lower.
Fibs applied to the corrective wave after support at 5500 was broken shows, that 127.2% retracement level was broken and later it acted as a resistance that was clearly rejected. The downtrend is very likely to continue towards one of the Fib levels.
The nearest support is near 2k satoshi and to be precise 2180 satoshi, next is 1680 and if broken can go as low as 370 satoshi!
Fibs applied to the corrective wave after support at 5500 was broken shows, that 127.2% retracement level was broken and later it acted as a resistance that was clearly rejected. The downtrend is very likely to continue towards one of the Fib levels.
The nearest support is near 2k satoshi and to be precise 2180 satoshi, next is 1680 and if broken can go as low as 370 satoshi!
Trade closed: target reached
Comment:
Looks like second support is being rejected, could reverse!