$CVC Elliott Wave Update (4h)

#Civic just completed a 5-wave impulse — topping out at $0.1613 (Wave 5). That marks a 3.733x move from the Wave 2 low!

Now, the chart is signaling a potential ABC correction is kicking off.

Key retracement levels to monitor:

0.5 Fib: $0.1292

0.618 Fib: $0.1216

These zones could act as strong supports where buyers regroup, especially if we see confluence with trendlines or volume spikes.

Correction phases are natural — and often a setup for the next leg up.

Watch how price behaves in that $0.1216–$0.1292 zone — a bullish bounce from there could launch Wave 1 of a new cycle