}
Butterfly pattern executed successfully:
On the long-term weekly chart, the priceline of Civic token completed a big bullish Butterfly and rallied more than 1000% so far.
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100 SMA resistance:
The price action of CVC also broke out the 25 and 50 simple moving averages and now trying to break out the 100 SMA on the weekly time frame chart.
Symmetrical triangle and EMAs:
On the same long-term weekly chart, the price action of Civic token has formed a symmetrical triangle and after being rejected by resistance used the exponential moving averages 10 and 21 as support and now likely to move up again.
Ichimoku cloud resistance:
While the price action of CVC token is trying to breakout the resistance of 100 SMA and the resistance of the triangle on the weekly chart, it is also trying to break out the Ichimoku bearish cloud resistance as well.
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Conclusion:
The price action of CVC has turned very strong bullish and now if it will break out the above-mentioned resistance levels then it can reach the previous high of 0.0001999 btc as per Bittrex exchange. So we can expect in US dollar it can reach up to $10 as well.