Civic (CVC/BTC) Struggling to get out off of the falling wedge

The price of Civic is struggling to get out off of the falling wedge/descending channel and has done so two times in a row before retracing back to the inside of the wedge. As the breakouts were B waves from an irregular or expanded flat correction, the price had to go back into the wedge and finish the final C wave. Seeing how the last correction ended I think we are likely going to see an impulse wave to the upside and a breakout from the wedge. The target is at 0.764 Fibonacci retracement level which would be a higher high scenario.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.