Technical analysis by CryptoAnalystSignal about Symbol CVX: Buy recommendation (6/4/2025)

#CVXThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading towards a strong breakout and retest.We are experiencing a rebound from the lower boundary of the descending channel, which is support at 2.644.We are experiencing a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.We are heading towards stability above the 100 Moving Average.Entry price: 2.730First target: 2.800Second target: 2.860Third target: 2.924