CVC/BTC
- Civic is currently consolidating within a pennant range
- We expect price to break above the pennant, from which it will accelerate towards resistance
- If it breaks resistance, it will most likely go on to test its previous ATH
Right now is a great buying opportunity as it is at the bottom of the pennant
(there is a very high risk:reward)
SL just below Support 1 and TP just below Resistance 2 if you are looking for a short-term trade with potential profit 30%.
Analysis
Support 1: 10,600
Support 2: 8,850
Resistance 1: 11.600
Resistance 2: 13,200
Happy Trading!
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