Convex
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)
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
CVXUSD Bullish long-term but facing the 1st ResistanceConvex Finance (CVXUSD) is above its 1D MA200 (orange trend-line), having broken above the Descending Triangle pattern that has been keeping it bearish since the June 18 Low. Right now however, it is approaching the 6.000 Resistance level , which has been holding since the August 25 2022 High (broken only once on a candle wick).
Considering also the weakness signal of the 1D RSI Bearish Divergence, it is very likely to see the price making the first short-term correction of the January rally, to find new buyers near the 1D MA50 (blue trend-line). We will turn buyers again either on that pull-back or if the price breaks above 6.5000 first and target the 8.7000 Resistance (July 23 High).
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Convex Finance (CVX) forming bullish BAT for upto 16% moveHi dear friends, hope you are well and welcome to the new update on Convex Finance ( CVX ) with US Dollar pair.
On a 4-hr time frame, CVX is about to complete the final leg of a bullish BAT pattern.
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
PRICE STRUCTURE WITH TARGET PROJECTIONS FOR DAILY CVXUSDTTechnical analysis regarding the price of CONVEX FINANCE in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏