XLE - Falling Trend Channel🔹Breakout Falling Trend Ceiling in medium long term.
🔹Once breakout resistance 87.4 be POSITIVE signal.
🔹Short-term momentum is POSITIVE with RSI above 70.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
CVX
CVX to find buyers at current support?Chevron Corporation - 30d expiry - We look to Buy at 150.33 (stop at 146.33)
150 continues to hold back the bears.
We look to buy dips.
149.91 has been pivotal.
149.74 has been pivotal.
This is currently an actively traded stock.
Our profit targets will be 160.33 and 162.33
Resistance: 155.00 / 157.00 / 160.77
Support: 152.00 / 149.74 / 148.00
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CVX 100% :)Expecting CVX TO Go 100% up From here Good reward and small risk To go Mybe one of the best but lets see in past had did many 100% coin trades lets hope its also one more
cvx short setupHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
CVX - Continuation Pattern Above Trend LineAn idea for CVX showing similar double bottom formations in a strange sort of inverted H&S way.
If you do consider this a H&S we just experienced the right shoulder, following this is a bullish period, hence my continuation assumption in green bars pattern.
Thicker Trendline is a longer term trend line
CVX = Long Set-Up I'm bullish on WTI and the energy sector in general at this level.
I like Chevron which is close to my buy point for a fifth wave to new highs.
Chart pretty much says it all. Wait for it. It needs to find at bottom at the confluence of trendlines on the chart.
I'll update as needed in the near future
CVXUSDT | +5 Risk / Reward Ratio#CVX/USDT
CVX tested 4.77 level many times till now and it's considered a very important level
and this level now is our major support and we may use it as our stop-loss for this trade.
🟢Entry price: from now at 5.3 to 4.9
🎯Targets:
|> 6
|> 7
|> 8
🔴Stop-loss: Daily candle closes under 4.77
➡️Recommended risk: 0.25%
➡️Recommended total Positions Size: 3.5%
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.
CVXUSDT go and buy at 6,804AROON UP is at 100/0, RSI is at 54/48, I don't think it will reach the highest point soon, but I go and buy at 6,804
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
XOM, Possible Long Term Play with around 200 targetExxon Mobil Corporation stock MAY see around 200 USD price in up coming years !
Today, we are going to investigate one of the giant oil companies. XOM has completed a complete ascending wave cycle from 1970 to 2020 . Impulsive section of this wave cycle was between 1970 and 2014 and corrective section started at 104.76 (former ATH) on 2014 and lasted for 6 years . On Mar 2020 stock bottomed with double bottom pattern at 30.11 USD around 0.786 Retracement level of the whole large time frame bull run. This complete wave cycle can be labeled as primary degree wave 1 and 2 of the larger degree wave cycle ( cycle degree).
After end of primary degree wave 2 , a considerable up side move started which strongly broke multi years down trend line and reclaimed the ATH ( actually made a new one ). This strong and steep up going wave can be considered as primary degree wave 3 which can push the stock up to around 200 USD. This primary degree wave 3 can itself be divided to 5 intermediate wave degree and I suppose currently we are in wave 4 (minor degree ) of wave 1 (intermediate degree) of 3 ( Primary degree ).
What all above explanation means? It means most probably we have an up side move from around 78 to around 116 USD . Then , a considerable correction of intermediate degree wave 2 of primary degree wave 3 may start which can hammer down stock to around 63 USD . After that , most powerful and steep wave will start which can break the upper bond dynamic resistance ( as this the typical character of wave 3 of 3) and lead the stock to above 150 USD. All other predicted wave moves are shown on the chart.
Therefore, I certainly keep XOM in my watch list to open a profitable long position in appropriate time ( most probably in up coming weeks).
Please note our chart is in monthly time frame and there may be many fluctuations in up coming weeks and days. In addition, timing on the chart may become incorrect as timing is the most difficult task in charting. Also I kindly ask you to keep in mind this is before the fact long term prediction and normally it may need some updates in future.
I hope this analysis to be useful and wish you all the best.
$XLE - Weakness in the Energy Sector Could Bring Stage 4 DeclineThe Energy sector is notoriously one of the last to roll over in a recessionary environment and the $XLE chart appears to be topping out right on queue.
After a euphoric run beginning in the middle of 2020, the Energy sector has stalled out creating a triple top near the $90 level.
With the break of the 200-day moving average, along with an accompanying bearish momentum regime in the RSI, we expect the Energy sector to begin its descent into a Stage 4 decline.
Many individual stocks within the Energy sector look prime for capitulation events and accompanying sector weakness would further aggravate already anemic charts.
PT near 60.
CVX IS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the CVX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CVX (Y23.P1.E1).Contracting triangleHi Traders,
This formation is so far aligned with a continuation pattern.
The 3rd target is the macro resistance trendline.
With contracting triangles, we have a number of models.
As per the chart, I have outlined the most common.
However this also aligns so far with the wyckoff distribution as well.
Please give me a like and share,
Regards,
S.SAri
Note the RSI for the bullish signal
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 👀
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CVX bouncing at resistance level, just a posibility $CVXCVX is right now at an important support level, with the WTS reaching the oversold zone. In my opinion, price bouncing is really appealing with the market bottom indicator in green. I would like to wait a bit to look if the price breaks the support and return or if it breaks it definitely.
Let's see.