Hi dear patrons, hope you are well and welcome to the new update on Civic (CVC) token.
On the weekly time frame chart, the price action of CVC has formed a bullish Cypher. There is also 50 simple moving average support in buying zone.
Buy and sell targets:
Buy between: $0.3120 to $0.1846
Sell between: $$0.4124 to $0.6532
Stop loss:
The maximum extent of the buying zone $0.1846 can be used as a stop loss. However, therefore we can use 50 SMA to decrease the loss ratio.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 250%, and the loss possibility is 40%, therefore we can use 50 SMA to decrease the loss ratio.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the weekly time frame chart, the price action of CVC has formed a bullish Cypher. There is also 50 simple moving average support in buying zone.
Buy and sell targets:
Buy between: $0.3120 to $0.1846
Sell between: $$0.4124 to $0.6532
Stop loss:
The maximum extent of the buying zone $0.1846 can be used as a stop loss. However, therefore we can use 50 SMA to decrease the loss ratio.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 250%, and the loss possibility is 40%, therefore we can use 50 SMA to decrease the loss ratio.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.