Market Analysis for CVC / BTC - Weekly Forecast.

Civic has a distribution structure since June 4, since 2018, which is also caused by its release on the market.

Weekly Chart

On January 13, 2020, this facet of distribution in the market reaches a climax that from said session belonging to the week of January 13, a range has been generated which we can see marked in red.

This range comes from a large distribution which can lead us to speculate that perhaps we would be facing an accumulation range.

We can say that in the range of 0.00000220 and 0.00000290 there is a positioned professional demand. Which we can see marked in blue and its entries marked with red arrows.

However, it is not clear if the professional demand already has the strength to exceed the limit of the range at 0.00000332 marked in red.

There are 4 days left to finish the week, we must wait and see the behavior of the market after the end of the session. See if that offer that is being positioned (indicated in blue) really generates the desired effect.

Trading Capital - First Spanish Speaking Community for Traders in Steemit
join here STEEMIT

Follow my personal account for more updates: @ale.aristeguieta

Alejandro Aristeguieta
CEO in Aristeguieta Capital.
Investment Firm and Financial Analysis.