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. ***
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CVXUSDT
CVXUSDT H16: 80% GAINS TP BULLS is 55 USD BUY DIPS (NEW)Why get subbed to me on Tradingview?
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CVXUSDT H16: 80% GAINS TP BULLS is 55 USD BUY DIPS (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: speculative setup. use FIXED SL.
🔸 Summary and potential trade setup
::: CVXUSDT 16hour chart review/outlook
::: V-shape recovery in progress
::: strong chart BULLS maintain control
::: My price target BULLS is 55 USD
::: April also strong month for crypto space
::: and we already got strong momentum in CVX
::: this chart means business - BUY DIPS
::: recent clean breakout of range highs
::: says we get more strong gains in the future
::: BULLS should focus on buying dips
::: expecting short-term mild pullback only
::: recommended strategy: BUY DIPS TP +80% // 55 USD
::: buy dips/pullbacks and get paid
::: BUY/HOLD from lows. get paid.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment outlook short-term: BULLS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
#CVX/BTC 100% Potential rally ahead...SPOT TRADE SETUP (Binance)
CVX/BTC:- On the verge of a breakout.
Either buy the retest of the breakout or simply buy now and DCA on dips with SL.
Details are given in the chart.
Make sure you do your own research.
Entry :- 6110 to 6500 sats
Target:- 50% to 100%
Stop Loss:- 5680 (Subject to change as per market condition)
DYOR
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CVXUSDT One Resistance to beat before Fib gap fillingCVXUSDT is trading within a Channel Up on the 4H time-frame since the January 27 bottom. On Feb 16 and 09 it got rejected on the 31.00 Resistance, which is currently the level to beat in order to turn bullish on the longer term.
Even though it has also been rejected on the 4H MA200 (orange trend-line), the important of the 31.00 Resistance is so established that I believe if it breaks, the Channel Up Higher Higher will also break and CVXUSDT will fill the first Fibonacci retracement level (0.382) at 37.55. A 1D closing above it should bring a bullish extension on the 0.618 Fib (47.30) and naturally a complete recovery at 63.00 should occur next on the long-term despite the usual profit-taking pull-backs in between.
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