Civic Reversal Signal | Dragonfly Doji

Civic (CVCBTC) recently printed a Dragonfly Doji (light blue) which is a reversal signal.

This is telling us that potentially a low has been hit and a change of trend is coming. Notice how prices moved above EMA10 right after this signal came in.

The RSI is now bullish and the MACD histogram is green.

EMA50 or 0.00000237 is the next challenge. Once this level is conquered, CVCBTC can start to gain momentum on the way up.

On the other hand, we lose the bullish bias if CVCBTC moves lower and breaks the last low, 0.00000214.

Thanks for reading once more.

Namaste.