Possible double bottom on Civic. The price action is right at resistance. The bulls could start a nice run if they break it. Bullish divergence can be found on the MACD and RSI indicators. However, the MACD, RSI, and price action all face resistance at the moment. A Bitcoin surge could bring confidence back to the market, especially if it can clear $7,400 (the previous high). It may be the catalyst needed to get a bull run started here.
Commentaire:
Civic’s price action had an explosive move through overhead resistance today. It has retraced substantially since, but is remaining outside of the triangle. Beware of the full retracement as CVC has history of it. However, this could be a whale sighting. With all the green in the alt market, I think the price is a steal and there’s no ceiling holding Civic back now.