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CVXUSDT

CVX/USDT Bullish Prospects Amid Supply Zone Challenge? 👀 🚀💎 Paradisers, gear up for a potential bullish wave in CVXUSDT as it currently navigates a critical supply zone, showing signs of a possible breakout. 💎Tracing its historical path, CVXUSDT has consistently demonstrated a knack for breaking above its descending trendline, leading to upward trends. Currently, as it retests the supply level at 3.843, the odds are leaning towards a breakthrough and a subsequent move towards a stronger resistance level. 💎 However, should CVXUSDT encounter a significant rejection at this point, a bullish strategy from the demand level of 3.303 might come into play. While some traders might be contemplating short positions at this juncture, the savvy investor should weigh their options carefully to stay ahead of the curve. 💎An additional factor to keep in mind is the potential for a downward trend if CVXUSDT fails to harness upward momentum from the demand level. A break below this point could lead to a substantial bearish movement.
CLong
by MyCryptoParadise_Simon
CVXUSDT.1DBased on the provided market data, the CVX currency is currently trading at 3.713 USDT. This is above the Bollinger Band (BB) 4-hour and 1-day values of 3.695 and 3.676 respectively, suggesting the currency is currently overbought. This is also supported by the Relative Strength Index (RSI) values for 4-hour and 1-day which are 67.66 and 81.28 respectively. RSI values above 70 generally indicate overbought conditions. The Moving Average Convergence Divergence (MACD) values for the 4-hour and 1-day windows are positive, at 0.084 and 0.203 respectively. This typically indicates bullish momentum in the short term. However, the 7-day MACD is negative, which could indicate a bearish trend in the longer term. The 4-hour support levels are at 3.484, 3.269 and 3.212 USDT, while the resistance levels are at 3.840, 4.019 and 4.039 USDT. On the 1-day timeframe, the support levels are at 3.091, 2.886 and 2.721 USDT, and resistance levels are at 3.787, 4.019 and 4.272 USDT. These levels can act as potential reversal points. In the 7-day timeframe, the BB value is 4.102, which is higher than the current price, indicating that the currency is not overbought in the longer term. The support levels are at 3.161, 2.294 and 2.286 USDT with resistance levels at 4.084, 4.836 and 5.890 USDT. In conclusion, while the short-term indicators suggest that CVX is currently overbought and could be due for a correction, the positive MACD values indicate bullish momentum. However, the negative 7-day MACD could suggest a longer-term bearish trend. Traders should watch the support and resistance levels closely for potential price reversals. This analysis is purely based on technical indicators and does not take into account any fundamental factors or news events. As always, it's recommended to use this analysis in conjunction with other research and risk management strategies.
by MarsSignals
CVXUSDT Story through the Elliot Wave Lens💎The #CVXUSDT chart is currently painting a fascinating narrative, reminiscent of the classic Elliot Wave theory. Since the dawn of this year, the asset has witnessed a consistent dip. Between February and August, #CVX plummeted by a staggering 66.6%, leaving investors pondering about its future prospects. 💎However, there's a silver lining for the optimists. A few weeks ago, #CVX might have wrapped up its 5th downward wave, signaling the end of the Elliot Wave cycle. This speculation stems from the impeccable bounce off the 161.8% Fibonacci support, precisely at $2.416. Such a move often heralds a potential shift in the long-term trend, and our team is gearing up to respond. 💎Our next milestone? We're keenly observing the $3.13 supply zone, which previously played the role of a demand area. A confident breach above this threshold could see it morph back into a support zone, paving the way for a bullish trajectory. If this transformation occurs, #CVX might embark on an upward journey, possibly targeting the resistance bracket of $4.26 - $4.83. This could translate to a potential 50% price surge in the forthcoming weeks. But remember, this is just the initial resistance; there's room for the price to soar by 100% or even more. For those eager to stay abreast of the evolving #CVX landscape, keep your eyes peeled for our updates.
Long
by MyCryptoParadise
CVXUSDT → The coin is preparing to break through resistance BINANCE:CVXUSDT against the backdrop of COINBASE:BTCUSD , which has been falling for a long time and finally stopped, is forming a rather interesting consolidation near the wedge resistance. The coin on the chart is testing the bottom at 2.417, after which it forms a decrease in volatility and consolidation, within which the coin is creeping up to the trend resistance.There is a high probability that with a small bitcoin consolidation CVX will break the trend resistance and give a gorgeous bullish impulse. If the accumulated potential is realized, the price could reach the 3.180, 4.235 and 6.400 area quite quickly. The moving averages indicate a bearish trend, the price will have to go quite a long way to retest the SMA. Support levels: 2.417 Resistance levels: wedge resistance, 3.180 The altcoin market is waiting for any bullish reaction in the market, including from bitcoin, which plays an important role in this market. Altcoins react weakly to the fall of the flagship and react strongly to the rise. We expect a breakout of the wedge Regards R. Linda!
Long
by RLinda
6
Cvxusdt Breakout And retestCvxusdt CVX/USDT, ,has shown a symmetrical triangle pattern breakout and retest, which has been confirmed on the 4-hour time-frame. A symmetrical triangle is a chart pattern that typically forms when a security's price is consolidating, creating a series of higher lows and lower highs. This pattern indicates that the market is indecisive about the future direction of the asset. The confirmation of the pattern breakout and retest on the 4-hour time-frame suggests that CVX/USDT is likely to experience a significant price move in the near future. In this case, the breakout is bullish, indicating that prices are expected to move higher. As a result, traders may look to take a long position in the asset. Based on the breakout and retest pattern, we anticipate a 30-50% bullish move in the upcoming days. This implies that the price of CVX/USDT is expected to rise by 30-50% from its current level. However, it is important to note that trading always involves risk, and there is no guarantee that the price will move in the anticipated direction. In summary, based on the confirmed symmetrical triangle pattern breakout and retest on the 4-hour time-frame, traders may consider taking a long position in CVX/USDT, with an expectation of a 30-50% bullish move in the coming days. However, traders should always conduct their own analysis and risk management before entering any trade.
Long
by Crypto-By-Ghazi
Convex Finance (CVX) forming bullish Cypher for upto 21.50% moveHi dear friends, hope you are well and welcome to the new update on Convex Finance ( CVX ) with US Dollar pair. Previously we caught a nice trade of CVX as below: Now on a 4-hr time frame, CVX is about to complete the final leg of a bullish Cypher move for another price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
CVXUSDT : Cup & Handle Pattern Can X4Hi Traders, Investors and Speculators of the Charts 📈📉 CVXUSDT is another altcoin with massive upside potential. Infact, after consolidating for such an extended period, a parabolic move to the upside is very possible. In the chart, I've pointed out 3 take profit zones based on candle wicks (supply zone and demand zone) , but you can always add more TP points depending on your trading strategy and your patience. The 0.618 Fibonacci Retracement is always a very likely target during any bull market, therefore that would be my ultimate target for this season. I'm not using any technical indicators today, as I am doing a longer term outlook on CVX. I believe there is an important balance between trend line analysis / chart analysis / chart patterns , and technical indicator analysis. I find that trend analysis ( trend lines , Fibonacci Retracement , patterns , support zone and resistance zone ) is really helpful for longer term, whilst technical indicators can be very useful for the shorter term. Here's my bullish outlook on Bitcoin 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
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