CVXUSD Hourly Double TopDouble Top within a down channel
This will likely lead to extended downfalls if the channel does not provide support
Double tops are a bearish pattern
CVX
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.
cvx Getting ready For Another bullish impulse Seems Like Getting ready to continue Its Uptrend
Formed Bullish Pennant Incase Of breakout expecting 60 to 65% bullish move Keep eyes On Cvx For breakout
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
XOM breaking downWith the recent weakness in Oil and natural gas, its likely impacting the performance of XOM stocks going forward. XOM is testing some key areas. If the levels break the target on XOM is $100.00
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.
OIL going to make BIG move soon1/2
We sold most longs in #OIL, trailing position left
Been going long $UCO & shorting puts @ lows
We want back in, why?
There's something brewing in middle east area
More on this later
Chart is too much, explain in next post
$USO $CVX $XOM $MPC $SUN
-
2/2
Short term #oil is on a slight uptrend (white)
It also more recently trades in channel (yellow)
Longer term it's HUGE Head & Shoulder (top)
If there is #war is larger conflict in middle east $UCO & oil will rally hard
However, if there's nothing, it'll crater, temporarily
$XOM: Strong uptrendNice setup here in $XOM, new 52 week highs on higher than average volume with a Time@Mode trend signal confirmation this week. Monthly and yearly trends are up, overall oil stocks could continue being the best prospect with a potential rebound in inflation figures coming next, Russia 'cutting' production (likely forced to do so by the effect of crippling sanctions) and China reopening boosting aviation fuel demand, while the economy possibly dodges a recession, and business investment goes back to pre-pandemic trend levels, among other factors. The latest State of the Union speech has likely contributed to weakness in US Treasury bonds, and coupled with NFP might have triggered rotation back into value/energy from growth names ahead of CPI data.
All in all, low risk to follow this development and be positioned in value stocks and particularly energy for the coming months (and likely years).
Best of luck!
Cheers,
Ivan Labrie.
$CVX: Buy the dip...I think this is a low risk in energy here, I specially like $CVX due to the reward to risk ratio and general fundamentals and long term chart variables at play.
Best of luck!
Ivan Labrie.
CVX Chevron Corporation Options Ahead of Earnings If you haven`t bought CVX Chevron Corporation here:
Then looking at the CVX Chevron Corporation options chain ahead of earnings , I would buy the $180 strike price Puts with
2023-1-27 expiration date for about
$2.47 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Oil is screaming...what should we be aware of?Oil the leading energy commodity is signaling negative price action.
An MTop Formation is on watch. If we get a weekly close below $70 it triggers the Topping formation and sways the probabilities in favor's for more downside action.
This large time frame pattern has a potential to go down to $20...I know, I can barely believe it myself.
A clear weekly reversal rejection has been observed off a key resistance. Downward momentum is in play.
Next potential but level im watching is $65/$66 as oil will have technical support bounces.
ERY - Signaling weakness in Energy?ERY is on the verge of breaking out of a falling wedge from the lows of the chart. Very likely to see a breakout here.
If it fails we will see the lower wedge act as next major support level.
SHEL, CVX, XOM SWING TRADE IDEASWith Oil companies reporting earnings and also a majority of them attempting to break ATH, I have my eyes on SHEL, CVX, and XOM.
CVX and XOM already reported earnings and did not have an all around beat but CVX beat revenue and XOM beat earnings!
SHEL is set to report their earnings on Thursday pre- market and I will be looking to enter into a swing in either direction. By using the 50, 100, and 200MA on the Daily timeframe, I am able to see my support levels to the downside. If we get a daily close below the 50ma at 57.30, I will look to swing it down to the 100ma at 55.11. If we can close below the 200ma on the D, at 54.58, I will look to hold this swing for a while, as it completes the double top pattern found on the D.
Now, a break above 61.50/62.50 would be a new 3 year high with its next resistance Level found around 66.50/67. This is where my bias lies because I believe the energy sector, oil companies in particular, will have a bullish run this year. However, I will trade what I see, not what I think!
Happy Trading!
