Technical analysis by readCrypto about Symbol CVX on 8/12/2025

Hello, fellow traders! If you "Follow" me, you'll always get the latest information quickly. Have a great day. ------------------------------------- I don't necessarily recommend coins (tokens) that exhibit this behavior. However, if you have spare funds or have or can generate significant profits from other coins (tokens), I think it's worth looking into these coins (tokens) when they're ready to trade. The key is to maintain the price above the M-Signal indicator on the 1M chart. ------------------------------------- (CVXUSDT 1M Chart) CVX is showing signs of rising above the M-Signal indicator on the 1M chart. If the price remains above the M-Signal indicator on the 1M chart, the upward trend is likely to continue. - (1W Chart) After a prolonged period of sideways movement, the HA-Low and HA-High indicators on the 1W chart have converged, and the price has risen above the M-Signal indicator on the 1M chart. Therefore, the 2.862-3.412 range is considered a support area. If it falls below the 2.862-3.412 range, you should stop trading and wait and see how things go. The DOM (60) indicator is forming at 5.886, so a break above this level is highly likely to initiate a stepwise uptrend. Therefore, the key question is whether it can find support near 4.116 and rise above 5.886. - (1D chart) The key question is whether it can find support in the 4.418-4.902 range and rise. You should observe the transition from the M-Signal on the 1D chart > the M-Signal on the 1W chart > the M-Signal on the 1M chart. If the M-Signal indicators are aligned correctly, a full-scale uptrend is likely to begin. - Thank you for reading to the end. I wish you successful trading. -------------------------------------------------- - Here's an explanation of the big picture. (3-year bull market, 1-year bear market pattern) I'll explain more in detail when the bear market begins. ------------------------------------------------------#ENSUSDT ENS is forming a positive trend line (M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart), indicating an upward trend above 28.83. Therefore, if it finds support near 28.83 and rises, it is expected to continue its upward trend. At this point, we should look to see if it can rise above 33.54. If it falls, we should check for support around 20.93-25.06.#COMPUSDT The key question is whether it can find support near 51.54-53.81 and rise above 59.78-66.35. If the upward movement fails, you should check for support around 41.67-44.18. Since the price has not risen above the M-Signal indicator on the 1M chart, it's best to check whether the price rises above the M-Signal indicator and maintains its upward momentum. Be careful not to preemptively buy at a lower price just because the M-Signal indicators on the 1M, 1W, and 1D charts are converging, as this can lead to psychological anxiety and subsequent trading. It's important to always develop the habit of checking for support.It's best to improve your chart reading skills by examining charts of multiple coins (tokens) rather than just the one you're interested in. By examining the charts of the coins (tokens) discussed today, you can identify key observations and verify them in real time. This will significantly improve your chart reading skills.