cvc in a channel, good for swing trading. exited 1/3 of position at top of channel, red arrow. looking to accumulate more on retrace. no stop on sell, if it goes up, i still have 2/3 of position to exit with. exit price at 3250 sats
On the 8th of December Civic bottomed out while clearly rejecting the 261.8% Fibonacci support level at 1500 satoshi. Higher highs and higher lows pattern started to emerge while CVC/BTC broke above the descending channel. Now it seems that the trend is about to reverse, or at least there will be a strong corrective wave up. The resistance is seen at 5000, 5800...
Breaks the downtrend resistance. Big potential for this coin in 2018
Civic has been extremely disappointing over the past few months. I've watched this coin slip from the 40's on Coinmarketcap all the way down to the 80's. I believe CVCBTC might be on the verge of finally breaking out of the downtrend. If you want to take a chance on an early entry, right now could be a fantastic place to go long. During altcoin bull markets...
Broke decending resistance. Starting to follow an uptrend .
- will be buying more cvc and hodling into the new year
Civic has been underwater for some time. Pushing up to the average weight of holding around .000058 with spike to .000064 Next level after that would be .000084 and then up up.
Great deal mid-term investing. Civic brokeout STRONG resistance from daily TFs with a good volume then tested it and start growing! Use Supply zones as targets.
As requested, I analyzed on Civic, these are my thoughts. I am not so keen on this setup as it can be tricky to trade. However, if we get a break above the downtrend line and a decent hold of the support. Then there will be a great buy potential. I will be looking for things like double/triple bottom along with other signals that screams buy. I am however, neutral...
Feels like this has bottomed out after a few nice pumps. I expect a bit of accumulation phase, followed by a lift off later on in the year. I'm looking for at least 30%, and I'm prepared to hold for a month or 2.
As we can see on a graph: 1. Sharp red candle + big volume = psychological break in minds of small long term holders 2. Touching support multiple times 3. RSI divergence 4. Break out of bear trend (LOOKING FOR) 5. Higher lows, possible inverse head and shoulders (LOOKING FOR) + upcoming news = signal for bull trend