CIVIC (CVC) carved out a beautiful abcde wedge with all the subwaves placing very nicely as well to confirm the higher degree of trend. In pursuit of Bitcoin which is now and has been the pace setter into this correction and out; CVC breached the upper trend line and is correcting from an impulsive wave move.
While this shorter term scenario has more than one way of labeling; the abc red waves show a probable near completion of this minor correction. The blue impulse waves up esablished the breach of trend line and the current correction is taking its time.
I've placed the blue subwave 5 of C at around the 0.786 Fibonacci zone where the time and sideways action and degree of retracement would have met all the personality traits of a typical wave 2.
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