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Civic: All Systems are a GO!

已更新

Civic has been on a huge downtrend over the past few months; however, it looks to have rebounded. After it's last spike in price, it was consolidating (the portion we're analyzing right now)

It was trading inside this equilibrium pattern and it's looking to break the pattern UPWARDS. Expect some large upside.

This is the 30 minute time frame. This signal is a green light for an entry into Civic.

It will test resistance at 4.6k/5k. After that, large upside expected to test 6k.

DISCLAIMER:
I'm relatively new at TA so take this advice at your own risk. Happy trading everyone! :)

註釋

Locked in some juicy gains at 4600 satoshis.

Looking to re-enter at break of 5k

註釋

Grabbed some more CIVIC at 4250.

Key support is 4000 so I believe this is a decent buy.

If dips, looking to buy more at 4100.

註釋

Quick update:

On the 1 hour time frame, the new high is 4600 and the new low is 4000.

If it breaks the support of 4000, I will be looking to exit. On the other hand, if it breaks 4600, then I will be looking for a test of 5k. If it breaks 5k, I will look for a run to 6k.

註釋

UPDATE:
I'm still bullish on Civic -I seem to have drawn the previous support too tight. It is currently going through some healthy consolidation.

註釋

Broke support; however, if you're still holding - there's another support at 3500.

I am holding until that support breaks bc it has already decreased so much. Stay patient folks