CVC TA using Trading View, expecting it to go Bull soon!

in crypto •  7 years ago 

CVC.png

I am long term on CVC, they already have a partially working product app but if you go on their website (http://www.civic.com/), you can view their plan and download their app. This TA shows a descending wedge which is Bullish, and with Bitcoin pulling back and the alt coins moving up I expect this to begin moving up slightly, not if we get a catalyst in the form of more of the plan option being released this would cause a larger spike in price action. I think it is still at a decent price to buy, in my opinion (I am not a financial advisor), do you own research.

By Frank Aiello

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nice topic @embomb701
thank you for sharing

My pleasure friend.

For those of us who don't fully grasp everything going on in these types of trading graphs (do they have a specific name?), can you explain in a bit more detail of what we should be looking for? Thanks!

This is a decending wedge, and it is a bullish indicator that the price will likely have a run up soon. And it looks like that is now. Following Friend.