CVXUSDT has been trading in a rectangle with well-defined boundaries since January 2023, and it has recently reclaimed the 1-year EMA, potentially shifting the bias to bullish.Key Levels to Watch
• $1.5-$2.0: Main demand zone and invalidation point for any bullish TA if broken
• $3.0: 1-year EMA, successfully reclaimed and retested as support
• $4.4: Rectangle midline, previously relevant as a S/R
• $6.1-$7.2: Main supply zone and upper boundary of the rectangle
• $13.0: Previous swing high and rectangle breakout target, which would be confirmed by a weekly close above $7.2 with good volume
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.