CVXUSDT trade ideas
CVXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for CVXUSDT
You see that R2 and R1 are the resistance areas which express the disability of the price to rise. And S1 and S2 are the support areas that contain the well support of price since the past. Presently, we have the price fluctuating over R1 and we expect two scenarios to happen here. Either the price will have some rising signs for us and we predict an increase for it up to R2. Or we will receive some falling signs at this point and a decline is waiting for the price. It is recommended to activate your stop-loss in order to have less risky trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
CVXUSDT | FALLING WEDGE BREAKOUTCVXUSDT has been trading in bearish trend which is well respected by falling wedge . Recently the price has broken above the falling wedge and price need to successfully sustain above the break of consolidation rectangle.
So long positions can be taken with stop loss below support.
Trade your levels accordingly.
CVXUSDT: Growth opportunitiesGreat moment on the CVX coin.
Previously, I posted an idea for this coin, indicating the end of the correction was imminent.
At the moment, the formation of the final wave 5 in wave C (as part of the ABC correction) began.
I have already opened a long position and plan to increase volume as it descends to the $4.5 level.
CVXUSDT: Good prospectsI present to you a great trading plan for CVX.
A powerful upward momentum was formed in wave 1 or A, with truncation in the intermediate wave 5.
At the moment the price is already correcting in wave 2 or B, forming an ABC correction pattern, which may end very soon.
I plan to open a long position on the completion of the intermediate wave C (in wave 2 or B).
CVXUSDT | SETUPCVXUSDT took a hit from a resistance zone. The price approached to support zone. Now It is holding an important support zone. A few bullish candles formation on support will only confirm its uptrend.
We are watching closely the mentioned zone. While break below will give control to bears.
Trade your levels accordingly.
CVXUSDT | RECTANGLE BOX BREAKSCVXUSDT has broken the rectangle box after taking resistance from the 6.50 zone.. A retest of resistance zone can be a good area to take short position.
Now we are expecting a retest of resistance and a meaningful rejection can invite bears to react at this point. So wait for the price action.
Trade you levels accordingly
$CVX.X/USDT - Long - Potential 21.76%$CVX.X/USDT - Long - Potential 21.76%
Exchanges: Binance, Huobi.pro, KuCoin
Signal Type: Regular (Long)
Entry Targets:
1) 28.81 - 100.0%
Take-Profit Targets:
1) 29.90 - 50%
2) 32.42 - 25%
3) 34.99 - 25%
Stop Targets:
1) 27.20 - 100.0%
Trailing Configuration:
Entry: Percentage (0.0%)
Take-Profit: Percentage (1.0%)
Stop: Breakeven -
Trigger: Target (1)