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...
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...
It's very likely CVC's has exhausted all its sellers as price has been hovering around its all time low for over 3 weeks now. Favorable MACD and oversold Stoch RSI on the 4H are pointing up. The fundamentals are there, so there's no reason why CVC wouldn't be able to join the party. With targets ranging from 40 to 400% it really doesn't matter if the price drops a...
Civic great project and and a lot of potential. Had a rough time, broke out of bear market cycle, time to move upwards. In USD chart might be forming a big cup and handle but not sure jet. Let's see how it plays out.
The downward trend line is broken. A strong bullish candle indicates that the price is ready to go up. RSI almost at the very bottom and looks up, which can speak of a long upward movement. MASD made the crossover up. The increase in volume in recent days, without a significant increase in price indicators, may indicate that someone is buying coins.
buy...
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.
Disclaimer: This is an official noob chart.
Identify management is one of the key applications of blockchain technology and CVC is one of those coins with true application built around it. The current price is just under 3 times its launch price.
CVC has lost more than 80% of its value against BTC. This is an undervalued coin and TA suggests its a good time to...
