Technical analysis by CryptoAnalystSignal about Symbol CVX: Buy recommendation (6/29/2025)

#CVXThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are experiencing a bounce from the lower boundary of the descending channel. This support is at 2.30.We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside.There is a major support area in green at 2.23, which represents a strong basis for the upside.Don't forget a simple thing: ease and capital.When you reach the first target, save some money and then change your stop-loss order to an entry order.For inquiries, please leave a comment.We are in a consolidation trend above the 100 Moving Average.Entry price: 2.41First target: 2.46Second target: 2.55Third target: 2.65Don't forget a simple thing: ease and capital.When you reach your first target, save some money and then change your stop-loss order to an entry order.For inquiries, please leave a comment.Thank you.