Civic (CVC/USDT) Elliott Wave Analysis – Daily Chart (July 2020

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%: $0.50
100%: $0.80
161.8%: $1.20+ (Extended targets
Key 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.
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