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RE: Civic (CVC) Technical Analysis - Countdown till...

in #civic7 years ago

There is a huge sell wall at 0.0002. You can see it on the bittrex order book. I can only hope that the upcoming breakout not only tests but clears this wall.

If this happens, I would expect a run to the higher extension. It is equally possible that we attempt to break the wall, hit the lower extension and get knocked back down into consolidation.

I was asked on the Crypto Facebook Group about targets, so I posted some fibonacci extensions as seen here: https://www.facebook.com/groups/218612071968287/permalink/282767992219361/