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CVXUSDT Perpetual Contract

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CVXUSDT.P trade ideas

CVXUSDT Story through the Elliot Wave Lens💎The #CVXUSDT chart is currently painting a fascinating narrative, reminiscent of the classic Elliot Wave theory. Since the dawn of this year, the asset has witnessed a consistent dip. Between February and August, #CVX plummeted by a staggering 66.6%, leaving investors pondering about its future prospects. 💎However, there's a silver lining for the optimists. A few weeks ago, #CVX might have wrapped up its 5th downward wave, signaling the end of the Elliot Wave cycle. This speculation stems from the impeccable bounce off the 161.8% Fibonacci support, precisely at $2.416. Such a move often heralds a potential shift in the long-term trend, and our team is gearing up to respond. 💎Our next milestone? We're keenly observing the $3.13 supply zone, which previously played the role of a demand area. A confident breach above this threshold could see it morph back into a support zone, paving the way for a bullish trajectory. If this transformation occurs, #CVX might embark on an upward journey, possibly targeting the resistance bracket of $4.26 - $4.83. This could translate to a potential 50% price surge in the forthcoming weeks. But remember, this is just the initial resistance; there's room for the price to soar by 100% or even more. For those eager to stay abreast of the evolving #CVX landscape, keep your eyes peeled for our updates.
Long
by MyCryptoParadise
CVXUSDT → The coin is preparing to break through resistance BINANCE:CVXUSDT against the backdrop of COINBASE:BTCUSD , which has been falling for a long time and finally stopped, is forming a rather interesting consolidation near the wedge resistance. The coin on the chart is testing the bottom at 2.417, after which it forms a decrease in volatility and consolidation, within which the coin is creeping up to the trend resistance.There is a high probability that with a small bitcoin consolidation CVX will break the trend resistance and give a gorgeous bullish impulse. If the accumulated potential is realized, the price could reach the 3.180, 4.235 and 6.400 area quite quickly. The moving averages indicate a bearish trend, the price will have to go quite a long way to retest the SMA. Support levels: 2.417 Resistance levels: wedge resistance, 3.180 The altcoin market is waiting for any bullish reaction in the market, including from bitcoin, which plays an important role in this market. Altcoins react weakly to the fall of the flagship and react strongly to the rise. We expect a breakout of the wedge Regards R. Linda!
Long
by RLinda
6
✴️ Convex 1,2,3,4 Steps PatternConvex is doing good and we are going to look at it through the 1,2,3,4 Steps Pattern that I made up earlier. The pattern consist in four steps that have been repeating across the Altcoins market. #1) The initial bullish wave. #2) The first low after the initial bullish wave peaks and enter correction mode. #3) Is either a higher or lower low compared to March. Notice that Convex has a long-term higher low when comparing June (#3) to January when #1 started; a signal of strength. #4) Is the new bullish wave and also what we are expecting. Additional support for this signal is the huge increase in trading volume as #3 comes in. This pattern has been confirmed on the TOTAL index chart, Bitcoin, Waves and many other Altcoins. The reset should follow. Thank you for reading. Namaste.
Long
by AlanSantana
CVXUSDT: -7% or -23% happen ?Disclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Short
by TraderBibres2003
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.
Long
by Crypto-By-Ghazi