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CVX / TetherUS

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CVXUSDT trade ideas

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
🚀 CVX Rocket: A Journey into the Stars! 📈🚀🚀 CVX Rocket: A Journey into the Stars! 📈🚀 Hello Fellow Traders! 👋 CVX is on our radar, and it's poised for an exhilarating journey. Here's the scoop: 🎯 Targets in Red and White: Zoom in on those red lines – they're your targets! But wait, there's more! The white trend lines unveil additional targets, offering a comprehensive roadmap. 🔄 Supply Check: With a circulating supply of only 92,646,235 CVX, this crypto is in accumulation mode – a potential spark for exciting price movements. 💚 Prime Buy Opportunity: Spot that green line? That's your golden buy opportunity! Keep some cash handy in case the market decides to dance to a different tune. Top Trading Tips: DCA (Dollar-Cost Averaging): The seasoned trader's secret weapon. Diversify: Don't gamble your entire stash on one play. 🚨 Disclaimer: This isn't financial advice. Success in crypto demands diligent research and strategic moves. Wishing you the best of luck on this crypto adventure! 🌌💰
Long
by KarimMohsen
1