(CVX) convex finance "most active in Russia"Convex Finance according to data reported by crunchbase.com found using semrush statistics shows the most activity is found in Russia.
CVXUSD trade ideas
CVX - 4Hr triangle about to break out double yr money! Bullish case - 4HR CVX to break out to targets shown until it breaks out it may reverse and head down by the same proportionality on the targets but my view is up if you are bullish
Supported by BTC making moves to the upside too
WATCH OUTWhen it BO from this historical wedge it will be huge and unstoppable
Circulating Supply 92,079,833
Total Supply 99,222,633
Max Supply 100,000,000
CVXUSD - Double Bottom Leading to RecoveryI'm using the bars pattern tool to plot an example inverted H&S pattern recovery.
A double bottom is present also, reinforcing this bullish assumption.
After a small pullback CVX should look for new ATH's.
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
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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