CIVIC (CVC): Basin Phase

in #civic7 years ago

SUMMARY

Back on March 26, I had analyzed Civic (CVC) using the below chart. There was a clear fractal potential for the rounded price formations (white and blue). Price had also developed a bullish wedge which was also its way of building the left wall. What was not pointed out in this chart was the basin phase.

Price has developed further now to nearly complete the basin phase (white rectangle). Recall that a rounded price formation has three parts, the left wall, basin and the right wall. Until price breaches out of the white rectangle area, the basin phase is still in progress. However, I don't think that will be for too much longer since the impulse waves should soon take the price to higher highs. The MACD also should support such price action.

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Lets hope CVC do a good run starting from consensus.

GREAT COMMENT

 7 years ago  Reveal Comment
 7 years ago  Reveal Comment

Is it a good time to buy?

 7 years ago  Reveal Comment

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행복회로 돌려보내요

시빅꼭지보유자 여기도 있습니다ㅋ존버화이팅

 7 years ago  Reveal Comment

Nice as always Cap’n Haejin. Looks like a giant cup and handle on Pareto forming.. thoughts if you have time, as an investor-supporting project with some teeth I’d love to see if TA matches the FA..

 7 years ago  Reveal Comment

Looking forward to getting back to ZERO on this one. Tuition paid.

 7 years ago  Reveal Comment

Boss learn to enjoy with others, you can be the richest with this ways @haejin, Upvote people, and share your love okay boss..

Whenever you see the price movement up you feel exicted

 7 years ago  Reveal Comment

is this a financial analysis? the information is interesting.

 7 years ago  Reveal Comment

Share with others

 7 years ago  Reveal Comment

Good job

 7 years ago  Reveal Comment

@haejin have a look at EXP please ...any updates

 7 years ago  Reveal Comment

wtf is going on?

 7 years ago  Reveal Comment

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 7 years ago  Reveal Comment

very informative post

This comment has received a 0.12 % upvote from @speedvoter thanks to: @everything-4you.

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 7 years ago  Reveal Comment
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