CIVIC (CVC) Update: For wave iii to happen, prices need to break that red line resistance

CIVIC completed waves 1,2,3,4,5 (black) and is now conducting an extended abc (red) correction. If waves i and ii are done, then for iii to happen, price needs to decisively bust out and above the red line resistance.

Shorter time frame shows more detail. The wave i seems very off in form and fit as it doesn't really appear impulsive. If we placed it as i and then wave ii is passable. So what really needs to happen is prices need to rise above wave i convincingly and this would correlate to busting above the red line resistance as shown in the first chart.

The Bitcoin Bear potential might dampen the bullish sentiment for a bit.

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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.