Alış
CVC-BTC - Looking for Long Opportunities

I am looking to build my holdings in CVC as I rate the fundamentals of the project and the team. Starting this idea to evaluate opportunities to buy.
CVC is currently trading at 0.0005976 (approx 50%) of ATH (Dark Red line).
I have drawn the key support/resistance levels in dotted red. The thicker red line at 0.00005465 is a strong support as it has been tested 7 times in the past month.
On the 1 hour chart price is ranging between 0.00005880 & 0.00006407 so buying small amounts on the 0.00005870 is currently a good price.
SL: 0.00005026 (below the Christmas low)
Target: 0.00009483. Consider taking profits at the key resistance levels (red dotted lines) on the way up.
RRR: 3.64
I cannot see any strong buy signals from the indicators (cloud, RSI, Volume) currently on chart. Will continue to monitor and update.
Other resources:
onchainfx.com/asset/civic
coingecko.com/en/coins/civic
CVC is currently trading at 0.0005976 (approx 50%) of ATH (Dark Red line).
I have drawn the key support/resistance levels in dotted red. The thicker red line at 0.00005465 is a strong support as it has been tested 7 times in the past month.
On the 1 hour chart price is ranging between 0.00005880 & 0.00006407 so buying small amounts on the 0.00005870 is currently a good price.
SL: 0.00005026 (below the Christmas low)
Target: 0.00009483. Consider taking profits at the key resistance levels (red dotted lines) on the way up.
RRR: 3.64
I cannot see any strong buy signals from the indicators (cloud, RSI, Volume) currently on chart. Will continue to monitor and update.
Other resources:
onchainfx.com/asset/civic
coingecko.com/en/coins/civic
Not
I have been on a 3 week vacation in Cuba with no internet. I am still looking to accumulate more CVC but we are still in alt winter and like other alts CVC is in a downtrend. Price is now 450% down from its high in 2017. I think this will pump hard as it has previously done once altcoins are back in favour, probably following a decent BTC run.
In meantime I will keep an eye on:
- Previous accumulation zone shown in the blue box (bottom is ATL at .00001450)
- How price responds to the support / resistance channel (black lines)
Not
CVC did pop out of its downtrend as predicted above.Current action:
- RSI broke a new recent high on the 8th. Now fallen back to below the 50.
- Price was printing new highs on the 10th but has subsequently failed to do so indicating that a bearish pennant might be forming - leading to more downside movement
- Volume during the breakout was high but ultimately the candle was red and subsequently the volume has declined.
I am no expert on the Pitchfork but have drawn one in to see where the center of the downward trend is.
Look out for:
- Price to likely drop further, ideally finding support at the previous buy zone indicated. (now shown in green).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.