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.
CVCBTC trade ideas
Civic Reversal Signal | Dragonfly DojiCivic (CVCBTC) recently printed a Dragonfly Doji (light blue) which is a reversal signal.
This is telling us that potentially a low has been hit and a change of trend is coming. Notice how prices moved above EMA10 right after this signal came in.
The RSI is now bullish and the MACD histogram is green.
EMA50 or 0.00000237 is the next challenge. Once this level is conquered, CVCBTC can start to gain momentum on the way up.
On the other hand, we lose the bullish bias if CVCBTC moves lower and breaks the last low, 0.00000214.
Thanks for reading once more.
Namaste.
CIVIC one of the strongest altcoins on the bearish marketCIVIC decreased in its price as most of altcoins, however, it is one of the first who is about to come back to its previous levels. On the 3 hours bar chart, we see the figure ''head and shoulders''. The support and resistance zones formed at the levels of 1712 and 2024 satoshi respectively. From November 3rd, there is a bearish market, however the price bounced off and reached the resistance level. Supposedly, trading will be between these important zones. News also supported the bullish candle. CEV of Civic Vinny Lingham discussed blockchain role in shaping the future of digital identity at Money2020 in Las Vegas. Thus, One of our first partners, Wikihow, has offered Civickey as a login option on its website. Stat tuned to be updated with the latest news !
The CRYPTO Calculator - Analysis #46Although many trades could be taken based on the underlying math of ‘The Calculator’, my own (conservative) trading rules say that it’s NOT about the quantity of trades. It’s about the QUALITY of the trade. I call it ‘predictable probability’.
If you find this analysis of any value or merit, please provide a COMMENT and/or a THUMBS UP. Thanks in advance for your follow through.
With all that being said, I am NOT a professional trader. I DO NOT provide investment advice. This content and the data provided in the indicator is based on my live and simulated, personal observations and is intended for educational purposes ONLY. YOU are responsible for ALL your trading decisions and ALL subsequent tax ramifications. Past performance DOES NOT guarantee future results.
Civic (CVC/BTC) breakout - price might explode!Civic has formed a double bottom on September 12, when price touched the bottom at bcc 0.00001581. Then, slowly but steadily CVC started to outperform the Bitcoin, while still trading within the descending channel.
But today, finally, it broke above the channel, signaling on a potential trend reversal. Today alone, CVC gained over 11%, and currently trading near 2400 satoshis area. While the trend could be turning bullish, yet Civic has to break above the midline of the descending channel, which currently acting as the resistance. While the trend line is holding, downside correction can be expected, and even the downtrend continuation. Price can go further down, as low as 1000 satoshis physiological support level.
However, on the upside, if the trend line resistance will be penetrated, Civic is likely to show strong gains in the near term future. It could reach one of the Fibonacci resistance levels, first being at 3800 level, and second 5800.
Currently, trade volume remains very low, which might suggest that Civic will either consolidate or even go to the new all-time low. Therefore, waiting for the strong increase in volume, along with the break above the trend line can be the way to go when trading CVC/BTC.
A steady growth by CivicOctober was a month when the crypto-makret was in ''flat'' or going down. However, there are always exceptions from the rule. Civic is that one. Considering technical analysis, over the period of 20 days the rate increased from 1800 satoshi to more than 2200 satoshi at its peak. Currently, important zones are at the levels of 2013 satoshi, which is a support zone and 2184 - a resistance zone. Thus, we see a pattern 'head and shoulders'' after which the token rate was corrected to the support zone. Regarding the fundamental part, Civic Brings Innovative Identity Verification Solutions to the ElevenPaths and Rivetz Cybersecurity Partnership. Stay tuned to be always informed !
CVC – Civic – Sleeping Giant – Profit/Loss ratio 3125%Hi Guys!
Not much is going on, on the market but we have found an interesting opportunity to invest.
First of all, it has to be safe. It means there is no much room to drop and massive potential for growth.
Such a situation is described as a profit/loss ratio.
When comparing the current price to ATH, we can make $600 from $100 dollars invested. It gives us $500 profit. Comparing it to All Time Low (ATL) we can lose only $16.
So let’s do the math: 500/16 *100% = 3125%
This is actually the second biggest profit/loss ratio of the coin which we have ever analyzed.
So here are technical analysis details:
• Very low at Fibonacci scale
• Profit/loss ratio 3125%
• Since mid-Sept stable uptrend and since October 12th uptrend is getting stronger
• MACD positive convergence
• Chaikin Money Flow – stable pressure on the price since the end of August
• Ichimoku Cloud – today’s bar crossed TenkanSen – good
• Weis Volume – evaporating supply. Still needs a bit more of demand.
So that’s it!
Within weeks it will turn out whether it is still sleeping or it wakes up.
Anyway this is very very safe and stable.
Thank you for all your comments and likes!
Be patient and don’t lose your temper. We are on the verge of seeing the light. The light of bull run.
Future is bright.
Massive Hugs!
WBM Team
CVC/BTC Short-Term Price Analysis! Price is just breaking out of a potential bottom structure. Possible reverse in trend.
I opened the trade on the breakout retrace, which was just above 1800 sats (light red box). Try to get in there if you can.
My first target is around 2100 (the green box), where I'll be selling at least 50% of my position. Will have to re-evaluate the position at that point.
The stop-loss is the box in darker-red.
Thank you all, and good luck!
Civic - Upbit pump, what to expectCoin of the day is Civic.
Along with the overall altcoin market drawdown of 2018 Civic coin also has been testing the near-bottom lows. To be clear, the coin lost almost 90% of its BTC value from 2017 gains. Recently CVCBTC pair dragged attention by hitting almost a 50% pump after listing on Upbit, even higher jump than during recent Binance listing. Let's refresh our memory of what is it and what to expect.
Civic company develops technologies for the protection of personal information and identification, a hot topic in the world of crypto and open internet.
Civic main agenda is to provide technologies and services to the individuals, which gives the ability to protect and control their identities.
Civic is building an ecosystem that is designed to facilitate on-demand, secure and low-cost access to IDV, i.e., identity verification services via blockchain, trying to make the background and personal information verification checks faster and easier. Civic also has a Civic token (Ethereum based ERC-20 token), or CVC, that participants of the ecosystem use to transact in IDV-related services.
Latest news
August 2 – Upbit listed CVC token (CVCBTC and CVCETH pairs).
What everyone should keep in mind is that after the jump caused by Binance listing we saw a decline which led the pair to the current lows at 0.000021. Current jump to the 0.000045 levels already started to deflate and heading to the 0.0000265 level. Overall, listing on two exchanges during the last months is a positive feedback for the coin; as it gets wider adoption, more capitalization and obviously, that proves that the team is still working on it. Nonetheless, it is highly dangerous to buy the coin at this point, on the pump.
Technicals
From the technical point of view, the price was almost at the 2018 lows before the listing (2018 low – 0.0000153). The pump, which happens because of the price difference between exchanges during the listing, brought the price to the 0.000045 level within an hour, now the price will start to stabilize. Further behavior will be essential for the ones who consider buying this bottom. So, if during the next days CVCBTC will manage to hold above 0.00003 level, that could be considered as a first step for the turnaround of 2018 downtrend. The next steps – 100-DAYS EMA and Bearish Trend Lines. Come-back to the 0.000021 level will be considered as a sign of further fall.
Is all hope lost for civic(cvc)?After a bloody retrace will it resume again to go up?
I think so.
Civic is following the path of digibyte their retracement followed the same path(kinda)
This picture is from the digibyte chart
and look now at the chart of civic
The resemblance is uncanny
Digibyte 100% profit
will civic also do such similiar thing,
Let's see and wait,
I will keep you updated
Civic is listed on BinanceCoin of the day is Civic
Civic company develops technologies for the protection of personal information and identification, a hot topic in the world of crypto and open internet.
Civic main agenda is to provide technologies and services to the individuals, which gives the ability to protect and control their identities.
Civic is building an ecosystem that is designed to facilitate on-demand, secure and low-cost access to IDV, i.e., identity verification services via blockchain, trying to make the background and personal information verification checks faster and easier. Civic also has a Civic token (Ethereum based ERC-20 token), or CVC, that participants of the ecosystem use to transact in IDV-related services.
Latest news
May 15 – Launch of ID Codes. “This is the first-ever blockchain-based verification mechanism where both parties’ opt-in, and there’s no database filled with PII as a single point of failure, no bots meddling or tracking for advertising purposes.”
May 28 – Binance listed CVC token (CVCBTC and CVCETH pairs).
Technicals
Civic generated noticeable volumes on 24.05.2018, possibly due to some rumors or insider information about Binance listing. From the overall point of view CVCBTC still trading in the bottom part of the past price ranges. Nonetheless, the price is holding in the bullish scenario since 18.03.2018. CVCBTC was bouncing around 100-days EMA, inside the 0.00004 – 0.00005 channel since April 14; today, with the help of arbitration on price differences of open price on Binance and other exchanges, the coin broke above the 0.00005 level peaked at 0.000062 but returned to the 0.000047 support shortly. Such movement is common during listings. Despite the "pump and dump" view, listing on new exchanges is always a positive sign for the coin and as soon as arbitration fluctuations will calm down CVCBTC with high probability will go in the more bullish state. 100-days EMA and 0.00004 level should stay as a support for the growth scenario.