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CVXUSDT trade ideas

CVX Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic. I’ve been sharing insightful charts and analysis for the past seven years. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: CVX recently hit its all-time low at $1.80, where the support trendline is holding the price. The chart shows an expanding triangle pattern, while the RSI is forming a bullish divergence, suggesting that the price may accelerate toward the resistance trendline. Key levels: - Support/Accumulation: $1.6 to CMP. - Resistance/Target: $4. - Higher Target: $7.5. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
CVX Update — Ongoing Downtrend, But Signs Of Hope!CVX was hyped massively when it pumped like crazy one month ago. However, it equalized the entire pump just a couple of days later. Yesterday, we saw another big green candle. Immediately, you found tons of moon posts. With this post, I want to provide an unbiased picture about CVX and answer the questions about why I won't take trades on higher timeframes yet but will have a closer look at lower timeframes. Let's dive in! When checking the CVX chart, you have to keep a close eye on three essential areas. First, there's the long-term downtrend. This trendline started in 2022 and is essential for long-term trades. If the price is below this trend, I don't consider long trades on higher timeframes. Besides, we have resistance at ~4.2 and resistance at $3. Currently, CVX is trying to break above the $3 resistance. The first step is a close above and confirmation on the daily chart. A trade setup aiming for the 4.2 target can make sense if this happens. However, this has to be evaluated in detail at that time. However, CVX was rejected and dived below the resistance at the time of writing. Summarized - For long-term entries, watch the downtrend line. Don't enter before the trend has broken. - Short-term setups can try to trade the area between 3-4.2 once the 3-resistance has been climbed and confirmed.
Short
by ben_walther
Three black crows on CVX, toward 2.604 ?There is a "three black crows" japanese candlestick pattern in the 4h timeframe. I think that the price could go down to 2.604 because of that. My scanner detected that : CVX/USDT (BINANCE:CVXUSDT) Timeframe: 4h, Number of candles: 4, Pattern detected: Three Black Crows Detected on candle: 2024-07-24 04:00:00 Current price: 2.7980, Current candle evolution: 0.54% Pattern confirmation: Current price confirms the Three Black Crows pattern.
Short
by trader77974
Short squeeze loading 2.0Spotted another candidate for a nice squeeze :) However, I am not as convinced as I was with TRB, because this is probably the worst shitcoin ever, I don't even know what it does but anyway, the setup is there. Once BTC finds a bottom around 60-61k and goes up again, CVX could see a nice run, maybe 100%. BUT if BTC fails to hold 60k for whatever reason, I'm not giving this a high chance of squeezing, it could just break below current levels and drop another 90%. Stay safe!
by TV288
8
CVXUSDT - Short Squeeze Simmering? CVX Pummels Lower - Can Bulls Stage a Comeback? Convex Finance's CVX token has been on a tear downwards recently, mirroring the broader crypto market weakness. The recent liquidation of CRV Finance CEO's holdings added fuel to the fire. But with short positions potentially piling up, could a short-term squeeze be brewing? Price Action Clues for a Short Squeeze: Sudden Spike in Volume: Look for a surge in trading volume alongside a price bounce off support. This could indicate short sellers scrambling to cover their positions. Inverted Hammer/Hammer: These reversal candles with small bodies and long lower wicks forming at the support area suggest buying pressure countering the downtrend. Bullish Engulfing Patterns: A two-candle pattern where the second candle engulfs the first candle's body and the previous day's high, signaling a potential reversal of bearish momentum. Trading the Squeeze: If you see these signs at the support zone, a short-term long trade could be considered. However, be cautious, as squeezes can be volatile and short-lived. Always prioritize risk management with a stop-loss below support and a defined take-profit target based on resistance levels or price channels. Remember: This analysis is for educational purposes only. The crypto market is highly volatile, and short squeezes can be risky maneuvers. Conduct your own research and consider other factors before entering any trades. #CVXUSDT #CVX #CryptoTrading #ShortSqueeze #Support #Reversal #InvertedHammer #Hammer #EngulfingBar #RiskManagement Do you think a short squeeze is likely for CVX? Share your thoughts and price action observations in the comments!
Long
by SwingSamurai_QMA
2
Convex Finance CVX price surprises with growthWhile #CRV fell in price instantly -30-40% and liquidated everyone on its way. The #Convex Finance #CVX DeFi protocol, which allows LSE:CRV liquidity providers to receive a share of trading commissions on the #Curve without staking liquidity there, made +150% "on easy" This only shows how the market works and how capital flows: someone's loss in the market is someone's gain at the moment who chose the right direction (or created it :) All we have to do is wait for the spot when our/your alts make a similar curtsy)
by P_S_trade
CVX/USDT descending channel expecting breakout? 👀🚀💎 Paradisers, pay attention: #CVXUSDT is navigating a descending channel and is on the brink of a potential breakout, indicating a strong possibility of an upward trajectory. 💎 Currently, #CVX is challenging the channel's resistance and has been trading within a consolidation zone. If it can maintain momentum at the key support level of $2.116 within this channel, we anticipate a substantial upward move, aiming for the resistance levels we've outlined. 💎 Given the market's inherent volatility, if NYSE:CVX fails to sustain its momentum and falls below the $2.116 support, it could signal a weakening of the bullish stance, potentially resulting in a considerable price drop. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2