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 trade ideas
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)
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. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
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.
CVXUpdate from previous weeks, it has steadily been following the Fibonacci retracement levels, from last week, the price completed the clean retest of 0.786 fib level and broke through the crucial resistance at $30.38, as well as the resistances at 1 and 1.272 fib levels. I wouldn't rule out a retest of the resistance at 1 fib level, else a retest of the ATH price of $63 before a significant retracement. Equally interesting to note that the volume is building up nicely.
CVX$CVX is respecting the Fibonacci retracement levels, from last week, the price completed the retest at (0.236 fib level) $19.17 and blew past 0.382, 0.5, 0.618, and 0.786 fib levels. It is currently trading around the crucial resistance at $30.38, if it breaks it successfully, the ATH price of $63 is within reach, targets are given by the Fibonacci retracement indicator.
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
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
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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