CVX

Firstly, our Algo-based indicators are used to create this analysis: DON'T MISS US. FOLLOW US, COMMENT AND BOOST. This weekly chart for CVX/USDT reveals a major bullish breakout from a long-term pattern, suggesting that the asset may be in the early stages of a significant new uptrend. Analysis: Descending Channel Breakout: For over two years, CVX has been trading within a clear descending channel. Recently, the price has decisively broken out of this channel to the upside, signaling a major shift from a bearish to a bullish market structure. Pullback and Reentry: Following the initial powerful breakout, the price executed a healthy pullback. It found support right around the key 50% Fibonacci retracement level (approximately $4.262). The chart notes this area as a potential "REENTRY" point, especially with the formation of a "W-Pattern" (double bottom) on a smaller timeframe, which is a classic bullish reversal signal. Confirmation Indicators: The Innotrade MC Signal indicator at the bottom shows multiple "BUY" signals in the recent accumulation zone and the indicator line is now trending upwards, suggesting building momentum. The RSI status confirms a "Bull Trend" on the daily and weekly timeframes, supporting a long-term bullish outlook. Price Targets: Based on Fibonacci extension levels from the recent major swing, several targets are identified: TP 1: $12.243 (aligns with the 127.20% extension and a previous key resistance level). TP 2: $19.726 (aligns with the 161.80% extension). Long-Term Projection: The aggressive black line projects a potential move towards the 2022 highs, indicating massive long-term potential if the bullish momentum continues. Strategy: Position: Long (Buy) Entry: The current price level around $4.30 - $5.00 is highlighted as a strategic reentry zone following the successful pullback. Targets: The primary targets are 12.243 ∗ ∗ a n d ∗ ∗ 12.243∗∗and∗∗ 19.726. Conclusion: The breakout from a multi-year descending channel, combined with a successful retest of key support and confirming indicator signals, presents a compelling long-term bullish case for CVX. The current price level offers a strategic entry for a potential multi-hundred percent move towards the identified price targets. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and manage risk appropriately.

CVXUSDT Trade Setup: Target 1: 4.812 (0.786 Fibonnaci Golden Zone). Target 2: 5.121 (0.618 Fibonnaci Golden Zone). Target 3: 5.338 (0.5 Fibonnaci Golden Zone). Target 4: 6.257 (0 Fibonnaci). Stop Loss: 3.919 (above recent high, ~25% above current price). RSI Analysis: The RSI is showing a bullish divergence, suggesting potential bullish momentum. The current RSI is around 11.86, approaching oversold territory, so caution is advised.

CVX i posted, did went but wasn't powerful! Now the prowess says it if moves to the red, big moves can come up in a better ways! you can expect

this was the past performance rally for CVX play close attention to the drawdowns the drawdowns are not really significant be more cautious of large drawdowns

SO 6.5 ! when? soon? soon when? if it doesnt breaks the orange, though looks ripe to get the orange one

Cvx bullish pennant pattern . My plan long , my targets 6.5$ 😍😍😍😍😍

Here’s what it means to have a conviction play. This trade CVXUSDT.P got me glued. went into the initial trade which went well but reversed, didn’t go out, I saw another entry and went in again. It's a double TP in one trade. CONVICTION!!!

Description: This trading idea highlights CVX, the native token of Convex Finance, a key player in the DeFi ecosystem focused on optimizing yield farming within the Curve Finance protocol. CVX allows users to earn boosted rewards without locking their tokens directly into Curve, making it highly attractive for liquidity providers and yield seekers. With its growing influence over Curve’s governance and incentives, CVX has become a strategic asset in the DeFi landscape. As institutional interest and on-chain liquidity continue to grow, Convex's role in yield aggregation strengthens, potentially increasing demand for CVX. Despite the strong fundamentals, the cryptocurrency market is unpredictable and susceptible to various external risks, including regulatory shifts, smart contract vulnerabilities, and overall market sentiment. Like all digital assets, CVX investments require careful consideration of both potential rewards and risks. Disclaimer: This trading idea is for educational purposes only and should not be interpreted as financial advice. Trading cryptocurrencies, including CVX, involves substantial risk and could result in the loss of your entire investment. Always do your own research, evaluate your financial situation, and consult with a licensed financial advisor before making any investment decisions. Past performance is not indicative of future results.

market is making series of HH and HL. market has taken corrective move uptil 0.382 of Fib Level, we shall take entry on break of HH and SL will be placed beneath the HL after being formed. R:R of 1:1 and 1:2

Technical Analysis:1. Strong Demand Zone (Key Reversal Area)CVX price has repeatedly tested a strong support zone around $1.43 – $2.20 (highlighted in yellow). This area has acted as a major accumulation zone, showing strong buyer interest and serving as a critical base support.2. Potential Double Bottom Formation (Bullish Reversal Pattern)A potential Double Bottom or Adam & Eve pattern is forming within this demand zone — a classic bullish reversal structure, indicating a possible trend shift to the upside.3. Key Resistance Levels (Bullish Targets):$2.90 – Minor resistance, likely to be tested in the short term.$3.46 – Significant psychological and technical resistance.$4.98 – Major resistance and neckline of the double bottom pattern.$6.76 – Strong weekly resistance, a potential medium-term target.$15.77 & $47.97 – Long-term targets if a macro bullish trend emerges.Bullish Scenario:If the price holds above the $2.20 support zone:Gradual upward movement expected toward $2.90 → $3.46 → $4.98.A confirmed breakout above $4.98 could trigger a rally toward $6.76.Full bullish confirmation would occur if the price breaks and holds above $6.76, indicating a longer-term trend reversal.Bearish Scenario:If price breaks down below the $1.43 support level with a weekly close:The double bottom structure would be invalidated.Price could enter new price discovery territory, potentially heading below $1.00.Market sentiment would turn significantly bearish.Strategic Conclusion:CVX/USDT is currently at a critical decision point. A strong historical support zone suggests a high potential for bullish reversal. Confirmation of the bullish structure requires a breakout above $4.98. However, caution is needed if price breaks below $1.43, as it may indicate structural failure.#CVXUSDT #ConvexFinance #CryptoAnalysis #DoubleBottom #ReversalPattern #BullishSetup #AltcoinAnalysis #SupportResistance #CryptoBreakout #TechnicalAnalysis