CVCUSDT trade ideas
โณ๏ธCivic/USDT Analysis (23/1) #CVC $CVCCVC is trying to conquer $0.16 zone, but I think CVC is not ready to go up, but will spend time for sideways to form a Symmetrical Triangle pattern and rising to 0.2$ zone in early February.
If CVC loses $0.12 zone, it will be a very bad sign for CVC as it easily falls to $0.08 or even $0.04 zone.
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NEWS
No News
๐BUY
-Buy: 0.115-0.12$. SL if B
๐SELL
-Sell: 0.155-0.165$ if B. SL if A
-Sell: 0.19-0.2$. SL if A
โป๏ธBACK-UP
-Buy: 0.155-0.165$ if A. SL if B
-Sell: 0.115-0.12$ if B. SL if A
-Buy: 0.08-0.085$. SL if B
-Sell: 0.08-0.085$ if B. SL if A
-Buy: 0.035-0.045$. SL if B
โDetails
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
CVCUSDT - Possible price actions and targetsCVCUSDT brokeout above the falling wedge's resistance as expected from my previous analysis.
Price got rejected off the ascending channel's resistance and retested the falling wedge's resistance.
Price action is printing a symmetrical triangle pattern at the mid channel region.
Bullish โฌ๏ธ - breakout above the symmetrical triangle's inclined resistance could lead to a test of the ascending channel's resistance.
Bearish โฌ๏ธ - breakdown below the symmetrical triangle's inclined support could lead to a a test of the ascending channel's support.
Possible price actions and targets are indicated by the arrows on the chart.
It's looks like CVC wave in progress...In my opinion Civic (CVC) last year made a lot of updates: with wallet, increased wallet protection, add really fantastic features who makes this coin very high in privacy and be more attractive coin in digital world, more secure. I think like security platform Civic a little steps but going into right direction, creating platform with high security and it will start recognized. In early 2020 price range was 0.01-0.03 cents and when just take off on massive run to 0.10-0.11 cents. And if you bought on DIP, right now you have really good gains. Don't need forget, was bear market, and when it bull market started we saw 1 CVC cost about - 1.10-1.30 $. CVC will be max 1B coins, and in the future if we see Civic on 3.00 $ - it wouldn't be suprise!!!
Disclaimer: It's not financial advise. It's just my own opinion. I'm not accountant or financial advisor. Always did your own research about all your investments in order to make a truly educated decision. And all financial decisions you have to make by your own.
CVCUSDT is trying to breakout from the weekly resistance ๐ฆCVCUSDT is trying to breakout from the weekly resistance after had a nice breakout from the falling wedge.
The price could test 0.382 Fibonacci retracement of Weekly impulse, retest weekly support, and restart with a new bullish impulse. According to Plancton's strategy, we can set a nice order
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Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Which way Civic? (CVC/USDT)After its epic peak, Civic is still trying to stand close to 10 cents.
Ma20xMa50 has turned to negative and RSI is still bearish.
One of our algorithms has turned to a sell but other one is still in buy condition.
I would wait to see how will end the decsending triangle formation before give my decision.
Resistance: $0.130
1.Support: $0.078
2.Support: $0.043
Happy Trading! โบ๏ธโ๏ธ๐
What do you think? Any comment? ๐๐๐
CVCUSDT: Same pattern playing out the 3rd time?As shown in the chart, CVC bounced off a strong support zone.
Then there is a minor resistance around $0.099 once this is breached then target is $.13
That's about 30% profit.
This scenario has already been played out twice. Can CVC repeat it again now?