CVC/USDT - Market Update 07.08.22

HUOBI:CVCUSDT   Civic / Tether USD
Hello Traders!

CVC continues to move downward. The price is near the resistance level of $0.16.

It is possible to assume the continuation of the local upward movement with the purpose of collecting liquidity to the next resistance level of $0.24. After which the downward movement will continue with the goal of updating the lows.

In case of a further downside wave, a mid-term position set in the price range of $0.075 to $0.110 would be of interest. The targets will be the levels of $0.24 and $0.30

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice


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