CVC - possible scalping opportunity or a decent price to hold

The price has potential to touch the zone below 0.000105 with a wick in around 24 hours, but at the moment isn't showing signs of going steadily underneath it. Therefore, careful traders may want to place an order around that number to ensure a buy in case the price bounces off that area instead of going further down. Since the market is in range, this prediction is based mainly on the decreasing on volume balance. As far as technical analysis goes, bit price hikes or dips are not expected.

There are no pending announcements or meetings for CIVIC, so I don't expect the price to soar, but a good short-term trade possibility may be coming. Alternatively, this may be a good buy-in price for a long-term hold that is close to the current resistance and support lines, which should enable you to liquidate quickly at minimal losses or profits, shall the need arise.

That said, staying away and watching the market for the next 48 hours is not unwise, either.

Thoughts?

Commentaire:

Sorry, the OBV indicator is hard to read on this chart.