Technical analysis by CryptoAnalystSignal about Symbol CVX: Buy recommendation (10 hour ago)

#CVX The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel. We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move. There is a key support zone in green at the price of 1.74, representing a strong support point. We have a trend to stabilize above the 100-period moving average. Entry price: 1.80 First target: 1.86 Second target: 1.92 Third target: 2.00 Don't forget a simple money management rule: Place your stop-loss order below the support zone in green. Once the first target is reached, save some money and then change your stop-loss order to an entry order. For any questions, please leave a comment. Thank you.