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CVXUSDT Perpetual Contract

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CVXUSDT.P trade ideas

CVX holder applies to re-enter the game with optimistic support The Convex Finance token is released from sellers' clutches after consolidation and shows an ascending parallel channel. Convex Finance price is trading above the 20-day moving average in terms of the daily price chart. In terms of the hourly price chart, the RSI is trading bullish above a half-line (50-point) as well as on the daily time frame. Furthermore, the Average Directional Index (ADX) is spotting at 19-points, indicating a slightly bullish trend for the Convex Finance token. There is no doubt that the bulls are dominating the convex finance token trend with the help of an ascending parallel channel. For the upcoming trading sessions, CVX holders will have to manage the token price above the $24-resistance level along with the current channel. Support level - $15 and $10 Resistance level - $24 and $30
Long
by TheCoinRepublic
CVX price attempts to break the 0.618 level of Fib retracement The Convex Finance Token price is trading near the lowest level ever at $16.10. The Convex finance price is moving towards the half-line of Bollinger Bands indicator in terms of the daily price chart. The daily CVX token price is trading below the half-line of Bollinger bands indicator in terms of the daily price chart. According to Fib retracement, the CVX investors are gathering the value to jump above the $21.50 (0.618-level of Fib). Above the following level, buyers may again face a pullback near $30-crucial resistance. The Stoch RSI is signaling the soft bullish indication for the Convex Finance token where the k is at 67-mark, and the D is at 46-mark, and the indicator broke the falling trendline (green). Moreover, the EMA Ribbon reflects the extreme bearish indication for the short-term period. Convex Finance Token appears to be in a retracement phase. If the bulls breach the $21.5 bull market barrier with a significant amount of market volume, we can expect the bulls to move towards $30. If the bulls fail to sustain the price, they could end up in a bloodbath. Support level - $15 and $10 Resistance level - $23 and $30
by TheCoinRepublic
1
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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3