Technical analysis by mvjalili about Symbol CVC on 6/6/2025

The chart shows the ongoing corrective phase of Civic (CVC) within a larger bullish Elliott Wave structure. Key observations:1. Wave [A] (Impulse Wave):Price surged from $0.01 to $0.80 (Nov 2020 - April 2021).The movement displays a classic 5-wave impulse structure, with Wave 3 being the most extended.2. Wave [B] (Correction):A complex, time-consuming corrective phase has been unfolding since 2021.The current price action is forming a symmetrical triangle, often seen in Wave [B].3. Wave [C] (Potential Upward Movement):After Wave [B] completes, a significant bullish Wave [C] is expected.Target levels (based on Fibonacci retracement of Wave [A]):61.8%: $0.50100%: $0.80161.8%: $1.20+ (Extended targetsKey Levels to Watch:Watch for a break above $0.12 - $0.15 to confirm the start of Wave [C].A sustained break of the downward trendline will signal a strong move upwards.In Conclusion: Civic (CVC) is nearing the end of its Wave [B] correction, and a breakout to the upside in Wave [C] is highly probable, potentially driving prices back to the highs.Feel free to paste this directly on TradingView!