Technically CIVIC(CVC) is completing a double bottom. But this isn’t a true picture of its current state. It needs to reach 3.8k and move through that to complete the formation at which time the next headwinds appear at 4k. There's no a crossover forming in the momentum indicators which is positive for example the RSI is below 50 indicating a bearish trend, the MACD is still below centerline that confirming the token price under pressure from strong Bitcoin.
Cryptotraders will see 3.9k as an entry point but technically the token is a hold until it takes out 4k convincingly. The technical danger appears as it approaches that level which if Civic token could start a bearish triple top. If that happens support remains at 2.5k.
Cryptotraders will see 3.9k as an entry point but technically the token is a hold until it takes out 4k convincingly. The technical danger appears as it approaches that level which if Civic token could start a bearish triple top. If that happens support remains at 2.5k.