According to the chart, expect the fall to be below the support (red line), then return to the two resistors specified in the chart
Red zones are heavy support zones. Green zones are next legs up and resistance areas. We want to see price discovery in the blue zone. After a relatively bloody day for mostly all of the crypto realm on Friday 1/8/21 we are seeing CVC gather itself into a consolidation pattern. Positives is that CVC really didn’t fall to far down from its recent high showing...
CVC/BTC -Civic is starting to break the trendline resistance -This is a Bullish sign in the mid-term -The price is also trading above the 200D MA -The local support is located around 320 sat -This is an important level to hold for the following week -If we want to see a strong upside continuation -300 sat level must hold and see follow-through -Upside scenario is...
CVC/BTC CVC is quite looking bullish on this falling channel pattern. The RSI is painting strong bullish momentum and we have 2 consecutive bullish candles today. If the price can't break above this trend-line resistance, I'm seeing a potential minor pullback to key support area and attempt to retest the previous High or change the daily trend.
We're breaking down a bit to the low side right now but I'm still into this $CVC chart. It needs volume. We'll see what happens if it can get it.