CVC/USDT Technical Analysis: Accumulation Zones Testing
Looking at the daily chart of CVC/USDT, we're seeing an interesting pattern developing that warrants attention. Let me break down what I'm seeing:
Long-Term Structure:
Major descending trendline from early 2024 highs
Price respecting yellow highlighted accumulation zones
Multiple touches of key support levels showing strong buyer interest
Recent Developments:
Price Action
Currently testing the upper boundary of the accumulation zone
Respecting the yellow box support consistently
Recent rejection from local high shows short-term weakness
Technical Signals:
MACD:
Showing bearish crossover attempts but lacking strong momentum
Histogram bars decreasing but not aggressively
Overall ranging pattern in the indicator
RSI:
Currently neutral, around mid-levels
No significant divergences
Showing balanced momentum
Key Levels to Watch:
Resistance: $0.18 (Previous swing high)
Support: $0.14 (Upper accumulation zone)
Critical Support: $0.12 (Lower accumulation zone)
What Makes This Interesting:
The accumulation zones (yellow boxes) have been respected multiple times
Price consistently bounces from these zones
Lower highs forming under descending trendline
Volume patterns suggest accumulation rather than distribution
Trading Implications:
Short-term: Cautious bearish bias
Medium-term: Potential accumulation phase
Long-term: Watch for break of descending trendline
Conclusion:
While immediate price action suggests bearish pressure, the repeated respect of accumulation zones indicates strong underlying support. The key decision point will be at $0.14 - a break below could trigger a move to $0.12, while holding could set up for another test of $0.18.
CVC
CVC due for a bullish break out?I like the project, blockchain identify services, needed to regulatory compliance for things like DEX for example. But CVC seems to have always struggled to get the love from the market, even now it is lagging the broad Crypto market run. Here is what the charts have to say.
Structure and Price Action:
**Breakout Above Descending Resistance**:
The chart shows a breakout above the long-term **descending red trendline**, signaling a shift from bearish to bullish momentum. This is a significant move, as price is now retesting the breakout.
**Red Resistance Zone**:
Price has approached a strong **red resistance zone** around $0.22–$0.24. A decisive break above this level could open further upside.
**Higher Highs and Higher Lows**:
The price structure reflects a clear uptrend with consecutive **higher highs and higher lows**, which is a bullish signal.
**Retest of Breakout Area**:
The recent spike is now consolidating just below resistance, testing support at the prior descending red trendline.
Support and Resistance:
**Immediate Resistance**: $0.22–$0.24 (red resistance zone where sellers are active).
**Key Support Levels**:
$0.18: Support formed at the prior breakout area.
$0.16: Strong support at the **green order block zone**.
$0.12–$0.10: Key structural support aligned with prior lows.
Indicators:
Moving Averages (EMA 20/50/100/200):
Price is above the **EMA 20** ($0.17) and EMA 50 ($0.16), confirming short-term bullish momentum.
The **EMA 100/200** ($0.14 and $0.136) are now acting as strong support, aligning with previous demand zones.
Money Flow Index (MFI):
MFI is at **75.64**, which signals that price is approaching **overbought conditions**. This suggests potential short-term consolidation or a minor pullback.
Stochastic RSI:
The Stochastic RSI is currently near **overbought territory** (~63.85 and 59.58), indicating a slowdown in upward momentum.
However, it still has room to push higher if bulls maintain control.
Volume:
Recent volume has increased significantly during the breakout, validating the bullish move.
A volume decline during consolidation suggests profit-taking but no significant selling pressure yet.
Pattern Analysis:
The breakout above the **descending red trendline** signals a bullish reversal.
The price is now consolidating near the red resistance zone, forming a potential **bullish flag** or consolidation pattern.
Probabilistic Outlook:
Bullish Continuation (Primary Scenario):
If price breaks decisively above the $0.22–$0.24 resistance zone with volume, further upside is likely.
Key upside targets:
**First Target**: $0.26 (next resistance zone).
**Second Target**: $0.30–$0.32 (historical resistance from previous highs).
Bearish Pullback (Alternate Scenario):
If price fails to break resistance and falls below $0.18, a pullback toward key supports is likely.
Key downside targets:
**First Target**: $0.16 (green order block).
**Second Target**: $0.12–$0.10 (strong historical support and EMA 200).
Key Signals to Watch:
Breakout above $0.24 with strong volume = **Bullish continuation**.
Breakdown below $0.18 = **Bearish pullback confirmation**.
Monitor volume during consolidation to gauge buyer strength.
Conclusion:
The chart reflects a **bullish breakout** above descending resistance, with price now testing a key red resistance zone. A breakout above $0.24 could signal further upside toward $0.26 and $0.30. However, overbought indicators suggest caution, with potential for a pullback toward $0.18 or $0.16 before resuming the uptrend.
CVCUSDT (Civic) Updated till 05-10-24CVCUSDT (Civic) Daily timeframe range. we can see a nice move from its local low. made some easy profits myself from it. its trying for a push against 0.1973. a clean close can run it toward 0.2611. but for that its need that clean close. recent support at 0.1514.
CVC buy/long setupThe CVC symbol has a bearish structure in large time frames and there is an LV at the bottom of the chart, which the price has a great desire to fill the LV over time.
A constant fresh demand range in which we are looking for buy positions in the spot.
We are looking for buy/long positions in the demand range.
Closing a weekly candle below the optimal range will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
CIVIC (CVCUSDT) Surges 200% in Price, Further Gains PossibleCIVIC (CVCUSDT) has experienced a phenomenal surge in price today, skyrocketing a staggering 200%. The price, which was previously hovering around $0.10, has broken free and reached a new high of $0.30
A possibility of further price gains, with some predicting a breakout if the monthly candle closes above $0.41. In this scenario, the price could potentially reach $0.60.
CVC/USDT Can Rally if it Holds the Below Support Level👀🚀💎Paradisers, be on high alert! #CVCUSDT is poised for a compelling opportunity as it prepares to retest ascending support, indicating a robust bullish move ahead.
💎We've observed #CIVIC consistently respecting an ascending support line on the 1D timeframe, suggesting a solid foundation for bullish potential. Currently, it's approaching the crucial support level at $0.1329.
💎If it holds steady here, there's a strong likelihood that it will target the significant resistance at $0.24, with the RSI hinting at a possible upward trajectory, adding weight to this bullish perspective.
💎Conversely, if #CVC loses momentum and breaks below this key support, be ready for a bullish rebound from a lower Demand Zone at $0.113. A slip below this level would indicate a marked downward trend for $CVC. Keep your strategies flexible and stay sharp for any market fluctuations.
#Cvc#Cvc
For a year and a half, we have been in a downward wave within a strong descending triangle
We see the beginning of a breakthrough in prices and the beginning of an upward trend
We expect the downtrend to be broken in the next few weeks, which supports the idea of a strong rise
We expect an upside of 200-220% in the mid-term
Support points and targets are shown on the chart
CVC LOOKS BULLISHWe have had a large diametric that appears to be the end of the G wave of this diametric, which is itself a diamond diametric.
By maintaining the green range, it can move towards the targets.
Closing a daily candle below the invalidation level will violate the analysis.
The targets are clear on the chart.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CVC ANALYSIS (12H TF)We are in a large diametric, and the E wave of this diametric itself has become another diamond diametric, which we discussed on the chart.
We expect to have a bottom for the g wave of E after the f wave of E is completed. The green area is a strong support area where we look for buy/long trades.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CVV/USDT Unveiling Opportunities: Analysis of CVV/USDT Spot Pair at Daily Chart-Time
The CVV/USDT spot pair has been experiencing a bull market over the past few months. A bull market is characterized by a sustained upward trend in prices, driven by increasing investor optimism and buying pressure. Traders looking to take advantage of this trend may consider opening long positions, which involve buying an asset with the expectation that its price will rise.
In contrast, a bear market is marked by a downward trend in prices, fueled by pessimism and selling pressure. Traders anticipating a bearish move may opt for short positions, where they sell an asset they don't own in the hopes of buying it back at a lower price later.
When analyzing the CVV/USDT pair, it's essential to identify key support and resistance levels. Support refers to a price level where demand is strong enough to prevent further declines, while resistance represents a price level where supply is abundant, preventing upward movements. These levels help traders make informed decisions about entry and exit points.
Moving averages, such as the exponential moving average (EMA), are useful tools for identifying trends and potential reversal points. They smooth out price data over a specified period, providing a clearer picture of the overall direction. Additionally, the Relative Strength Index (RSI) helps gauge the strength of a trend and determine whether an asset is overbought or oversold.
Fibonacci levels and Fibonacci retracement are commonly used in technical analysis to identify potential support and resistance levels based on the Fibonacci sequence. These levels are derived from ratios that are believed to have relevance in the natural world and can serve as significant price levels where buying or selling pressure may increase.
Volume and volume profile play crucial roles in analyzing market activity. Volume refers to the number of shares or contracts traded in a given period, indicating the level of participation and liquidity in the market. Volume profile, on the other hand, provides a visual representation of the volume at different price levels, helping traders identify areas of high or low liquidity.
Breakouts occur when an asset's price moves above a significant resistance level or below a key support level. Breakouts often lead to increased volatility and can present trading opportunities for those looking to capitalize on potential price momentum.
Higher highs and higher lows are characteristic of an uptrend, indicating a series of price movements where each subsequent peak and trough is higher than the previous one. This pattern suggests continued strength in the market and reinforces the bullish sentiment.
Trendlines are lines drawn on a chart that connect significant highs or lows, providing visual representations of the prevailing trend. These trendlines help traders identify potential areas of support or resistance and can be used as reference points for decision-making.
Support levels are price levels where buying pressure is expected to be strong enough to prevent a further decline. Traders often look for these levels as potential entry points, anticipating a bounce in price.
Volatility refers to the degree of variation in an asset's price over a given period. Higher volatility can present increased trading opportunities but also carries higher risk. Traders should consider volatility levels when formulating their strategies and adjusting position sizes accordingly.
Liquidity refers to the ease with which an asset can be bought or sold without causing significant price changes. High liquidity ensures that traders can enter and exit positions with minimal slippage, while low liquidity can result in wider bid-ask spreads and potential difficulties in executing trades.
By considering these terms and conducting a thorough analysis of the CVV/USDT spot pair at the daily chart-time, traders can make more informed decisions, identify potential trading opportunities, and manage risk effectively.
Civic | A Forgotten GemDo you remember Civic?
Back in the days, aka 2017/2018, it was all the rage, all the hype...
The guy that owns this project was well respected or at least we saw good news about him all the time.
We don't here anything about it anymore but the chart looks good and we are technical analyst and traders... Let's have a look!
For Civic (CVCBTC), we had a bull market that lasted 301 days.
From November 2020 until August 2021.
As the bear market came, Civic remained really strong and still trades within a long-term higher low.
And this pair is now consolidating within a range that has been active since June 2021.
In plain English, this one is showing strength.
It has also proven itself by being around since 2017.
I will cut this analysis short... Keep an eye on this one, it has potential for sustaiend long-term growth.
Namaste.
CVCUSDT - LongLong here on CVC. Breakout and retest of a consolidation, SL below previous low.
First target 0.105
Second target 0.109
CVCUSDT - SHORTTrend broken, confluence with range high.
Short, SL above wick high. Use orange at intermediary targets.
CVC probable Bullish push up ✨GEMINI:CVCUSD I think this baby is gonna keep going up until 0.33 resistance lvl we can clearly see a double bottom pattern and a build up in a range, now of course more confirmation needed to keep pushing up! But it's something that could happen ✨
CVC - CIVIC - DaytradingCivic looks like it is about to make a nice little jump. Better jump on the bandwagon now.
CVC/USDT - Market Update 07.08.22Hello 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