Civic long - BB squeeze and symmetrical triangle
Updated
I'm taking a look at civic:
I'm seeing a symmetrical triangle which is bullish if it breaks out the resistance.
Strong RSI, above 50 at least.
Bollinger Band squeeze which indicates a breakout as well. Better view on the 1h chart:
Descending volume since the last 'pump'. The same thing might happen on this breakout.
The first target is around the 0.5 fib, which fits the symm triangle target, but I wouldn't be surprised if we hit the last ATH on the breakout.
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I'm seeing a symmetrical triangle which is bullish if it breaks out the resistance.
Strong RSI, above 50 at least.
Bollinger Band squeeze which indicates a breakout as well. Better view on the 1h chart:
Descending volume since the last 'pump'. The same thing might happen on this breakout.
The first target is around the 0.5 fib, which fits the symm triangle target, but I wouldn't be surprised if we hit the last ATH on the breakout.
If you like my analysis, consider following me on twitter where I'll post my thoughts and charts. twitter.com/cryptoniter
Trade active
It broke out of the resistance but not very convincingly. I think we might go for another try.
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