Civic retrace to support line

Aug 27, 2017

Feeling short term bearish on this with the oversold RSI and unchanging volume but if the trend breaks down here I'd expect it to hit that 10k level as the next major support

Long term I'm bullish on this though, the project seems solid and the idea of a digital identity system will definitely gain some traction in a real world application

Aug 31, 2017

Note

Still feel good about this, now might be a good time to buy since the RSI is starting to rise if you wanted to get in a short term trade.

For holding I think its still going to descend to the blue 10.5k support level although you can make a falling wedge currently which is nearly at its end so it might be a tight squeeze to get an extra 10% off before this starts to rise.

Personally I'm waiting for the Coppock indicator to hit a lower level before buying in but that might make me miss this