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CVC

Civic - Upbit pump, what to expectCoin of the day is Civic. Along with the overall altcoin market drawdown of 2018 Civic coin also has been testing the near-bottom lows. To be clear, the coin lost almost 90% of its BTC value from 2017 gains. Recently CVCBTC pair dragged attention by hitting almost a 50% pump after listing on Upbit, even higher jump than during recent Binance listing. Let's refresh our memory of what is it and what to expect. Civic company develops technologies for the protection of personal information and identification, a hot topic in the world of crypto and open internet. Civic main agenda is to provide technologies and services to the individuals, which gives the ability to protect and control their identities. Civic is building an ecosystem that is designed to facilitate on-demand, secure and low-cost access to IDV, i.e., identity verification services via blockchain, trying to make the background and personal information verification checks faster and easier. Civic also has a Civic token (Ethereum based ERC-20 token), or CVC, that participants of the ecosystem use to transact in IDV-related services. Latest news August 2 – Upbit listed CVC token (CVCBTC and CVCETH pairs). What everyone should keep in mind is that after the jump caused by Binance listing we saw a decline which led the pair to the current lows at 0.000021. Current jump to the 0.000045 levels already started to deflate and heading to the 0.0000265 level. Overall, listing on two exchanges during the last months is a positive feedback for the coin; as it gets wider adoption, more capitalization and obviously, that proves that the team is still working on it. Nonetheless, it is highly dangerous to buy the coin at this point, on the pump. Technicals From the technical point of view, the price was almost at the 2018 lows before the listing (2018 low – 0.0000153). The pump, which happens because of the price difference between exchanges during the listing, brought the price to the 0.000045 level within an hour, now the price will start to stabilize. Further behavior will be essential for the ones who consider buying this bottom. So, if during the next days CVCBTC will manage to hold above 0.00003 level, that could be considered as a first step for the turnaround of 2018 downtrend. The next steps – 100-DAYS EMA and Bearish Trend Lines. Come-back to the 0.000021 level will be considered as a sign of further fall.
by DestinationMoonCrypto
Civic Upside CorrectionAfter Civic has found the bottom at $0.15, price went up and broke above the downtrend trendline, reaching $0.21 high. Then price went down hitting 78.6% Fibonacci retracement level support at $0.16, which has been rejected along with the uptrend trendline. The next wave up resulted in a new higher high and break above the 50 Moving Average, suggesting that the correction upwards might continue. CVC/USD is expected to move higher, targeting 38.2% Fibonacci level at $0.28, that is also confirmed by the 227.2% Fibs applied to the corrective wave down after the trendline break. If $0.28 resistance is broken, CVC could go higher, towards 50% Fibs at $0.32 or even 61.8% Fibs at $0.36. On the other hand, if $0.28 resistance is rejected, the downtrend continuation or consolidation could begin. While the corrective wave up is anticipated, the downside risk still remains valid, where break and close below the $0.15 support would invalidate bullish outlook.
CLong
by CryptoPAMM
1
CVC/BTC Binance Listing TA Hi Everyone, As you've all heared, Civic got listed on Binance today, which created a nice 24% hike after the news about the listing broke out. Just for you're info, Binance opened trading for CVC/BNB, CVC/BTC and CVC/ETH trading pairs on 28th May at 09:00 AM UTC. What is Civic CVC/BTC? Civic is a personal identity verification protocol that leverages distributed ledger technology to better manage digital identities. As with blockchain projects focusing on supply chain management for consumer products, Civic envisions a safer, cheaper, more efficient identity verification method for individuals and industries around the globe. Imagine how many times you’ve had to go through a Know Your Customer (KYC) verification process. Whenever you apply for a new job, open a bank account, or participate in an I.C.O, you have to submit proof of identity and wait for it to be verified. Depending on the service, this could take days or weeks, as organizations have to spend the time and resources authenticating this information with outdated systems. Civic is offering a new-age solution to this problem, one where a single input of your personal identity information allows any organization or service to cross-check it on the blockchain without asking you to provide the same data twice–personal identity verification that is transferable from one service to another. How it Works? Civic’s network accommodates three different–but interdependent–individuals/entities: users, validators, and service providers. The users are anyone who wishes to use the protocol to register an identity, and Civic makes this easy and safe with its Secure Identity app. Validators are responsible for verifying an identity’s authenticity on the blockchain’s distributed ledger. They can then sell this information to service providers who need to verify their customer’s identities, exchanging the data for CVC. Civic is built on the Ethereum blockchain and uses smart contracts to oversee data attestation and payout for this work. Want to learn more about this amazing project ? Check out the link coincentral.com Technical Analysis Time ! As you can see a huge spike towards the 6k satoshi was created by the listing (on Binance), and as a trader I always try to catch the bottom of the correction which usually happens after a coin get's listed. The best thing to do is to wait and be patient. I opened my Charts and checked out the 5min frame of CVC/BTC and after waiting a bit you finally start to see the RSI level taking shape. I followed that RSI signal until it hits the oversold point (usually starts when it hits under 30). When that occured, a bought my self a nice bag of CVC/BTC at 4400sats. In other words, Jackpot. The buy vol started to kick we mooned. Please use this TA as a start for you to see where the resistances are located, so i might help you making some nice gains ! As you can see the Stoch RSI just crossed upwards, which means we are going to see another room very soon. MACD is still not showing any good signal, just because the listing happened today. Tomorrow we will be able to see more in this 15min chart. I hope this can help you, as it helped me making a nice profit today on this listing. Keep in mind that this coin is an amazing investment, its being listed on the last large exchange, they are already listed on so many good exchanges that have lots of volume, this coin will only grow more. Thank you for reading this ! Donc forget to hit the like button if you learned/enjoy ! Raw_Blits out.
CLong
by TjerkPieksma
Civic VS Bitcoin Nearest Upside TargetCivic is clearly trading upwards against the Bitcoin, while producing higher highs and higher lows. The recent corrective wave down from the 5200 satoshis high resulted in over 25% loss. However, price has found the support at 50% Fibonacci retracement level, that is btc 3877. At the same time the 4/1 Gann Fan trendline has been rejected cleanly suggesting the continuation of the uptrend. The nearest upside target is seen at 5657 satoshis, that is 361.8% Fibs, applied to the corrective wave down after the break above the 200 Moving Average. It also corresponds with the Gann Fan trendline and potentially target could be reached in the shortest perdiod of time. Break above the nearest resistance should be confirmation of the beginning of a stronger growth and could send CVC/BTC much higher. On the downside, only break and close below 3800 satoshis could invalidate bullish outlook.
CLong
by CryptoPAMM
Civic is listed on BinanceCoin of the day is Civic Civic company develops technologies for the protection of personal information and identification, a hot topic in the world of crypto and open internet. Civic main agenda is to provide technologies and services to the individuals, which gives the ability to protect and control their identities. Civic is building an ecosystem that is designed to facilitate on-demand, secure and low-cost access to IDV, i.e., identity verification services via blockchain, trying to make the background and personal information verification checks faster and easier. Civic also has a Civic token (Ethereum based ERC-20 token), or CVC, that participants of the ecosystem use to transact in IDV-related services. Latest news May 15 – Launch of ID Codes. “This is the first-ever blockchain-based verification mechanism where both parties’ opt-in, and there’s no database filled with PII as a single point of failure, no bots meddling or tracking for advertising purposes.” May 28 – Binance listed CVC token (CVCBTC and CVCETH pairs). Technicals Civic generated noticeable volumes on 24.05.2018, possibly due to some rumors or insider information about Binance listing. From the overall point of view CVCBTC still trading in the bottom part of the past price ranges. Nonetheless, the price is holding in the bullish scenario since 18.03.2018. CVCBTC was bouncing around 100-days EMA, inside the 0.00004 – 0.00005 channel since April 14; today, with the help of arbitration on price differences of open price on Binance and other exchanges, the coin broke above the 0.00005 level peaked at 0.000062 but returned to the 0.000047 support shortly. Such movement is common during listings. Despite the "pump and dump" view, listing on new exchanges is always a positive sign for the coin and as soon as arbitration fluctuations will calm down CVCBTC with high probability will go in the more bullish state. 100-days EMA and 0.00004 level should stay as a support for the growth scenario.
Long
by DestinationMoonCrypto
CIVIC - Buy Opportunity - 46% ROI - 2.3:1 Risk/RewardOkay let me say, I'm a tad excited about CIVIC based on what i'm seeing on the charts. If you look at the DAILY chart, CIVIC could be in a for a MASSIVE run (If someone can tell me how to split screen the charts on a post i'll add it). While theislarger breakout pattern has not provided a clear consolidation zone as yet, if we were to project a target from the smaller time frame break out pattern (shown above) consolidation zone, CIVIC could be about to make a massive run with a 467% ROI . The plan now is to trade trade the smaller time frame pattern and leave a part of the position to run. Reason to BUY on a re-test of the consolidation zone OR breakout of the pennant: Valid break-out pattern with a clear consolidation zone Consolidation occurring at the upper trend line of the larger break out pattern Smaller time frame break outs have reached target Increase in volume prior to break out Buy low / sell high Enjoy. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
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by hedgewithcrypto
Civic coin, second takeoff attempt?Coin of the day is Civic. Once again coming back to Civic, the coin dedicated to personal info security. Civic main agenda is to provide technologies and services to the individuals, which gives the ability to protect and control their identities. Civic is building an ecosystem that is designed to facilitate on-demand, secure and low-cost access to IDV, i.e., identity verification services via blockchain, such that background and personal information verification checks will be more secure, and no longer need to be undertaken from the ground up every time. Civic also has a Civic token (Ethereum based ERC-20 token), or CVC, that participants of the ecosystem use to transact in IDV-related services. From the 18.03.2018 minimum (0.0000265), CVCBTC was drawing a turnaround pattern gradually growing above the 0.00003 level. Today the coin faced a huge inflow of volumes and broke above the 0.0000333 resistance level. The next steps on the way of forming a turnaround pattern will be 0.000037 resistance and most important 0.00004 Level which coinciding with the 100-days EMA. From the downside, 0.00003 level and Bullish Trend Line should hold on to confirm the uptrend scenario.
Long
by DestinationMoonCrypto
CVC/BTC - 4/4/2018Good Morning, Traders!  Civic has been in a constant bearish trend since the beginning of this year. The price has been consolidating between a strong resistance and strong support line since the middle of march. Looking at Ichimoku, it can be seen that the lines predict the price will continue in the bearish trend, and can be used as a resistance if the price reaches the red. The recent trend line matched with the support line at 2708 create a small descending triangle starting at the beginning of march. If the price continues to consolidate, it will continue going down. The recent trend line matched with the resistance line at 3161 create a strong resistance line to which the price remains under. Should the price break this line, it can be predicted that there will be a reversal in the long-term trend toward the 78.6% Fibonacci retracement. Important Resistance Levels: 3161, 4026 Important Support levels: 2096, 2708 DISCLAIMER   WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.   CONFLICTS OF INTEREST   GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.   Written by:   Hammad Fazlani  Research Analyst
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by EQBM
CVCUSD - COULD IT BE?Main comments are on the charts. At the Trader's Corner, we give options with levels to act upon. The count itself is not really important, except if you want to be a chartist yourself. I have been practicing for more than 12 years in forex and indexes and cryptocurrency recently. Fascinating. Also, when you read my chart, this is the most likely path that I pull at the moment I do it, but in my mind all the other options are evaluated and therefore I can change the count quickly (this is the magic with EW, but also the curse, because, well, not everybody is proposing count that makes sense other to themselves. But let's not debate this here). So, even if i put options, I cannot put all the alternatives on the chart because it would take too much time and it would be too confusing. So, today, I will propose something that I would not usually do: proposing to truncate a cycle before its confirmation. I have some backup though as a cycle of lower degree has completed and we should be for a bounce here. Let me know if anyone is trading those altcoins (CVC, BAT, ZRX, BNT, ...). I will follow up on this map and propose some setup in lower time frame when opportunity arises.
Long
by The_202_Quants
1