CVXUSDT → The coin is preparing to break through resistance

CVXUSDT against the backdrop of BTCUSD , which has been falling for a long time and finally stopped, is forming a rather interesting consolidation near the wedge resistance.

The coin on the chart is testing the bottom at 2.417, after which it forms a decrease in volatility and consolidation, within which the coin is creeping up to the trend resistance.There is a high probability that with a small bitcoin consolidation CVX will break the trend resistance and give a gorgeous bullish impulse.
If the accumulated potential is realized, the price could reach the 3.180, 4.235 and 6.400 area quite quickly.
The moving averages indicate a bearish trend, the price will have to go quite a long way to retest the SMA.

Support levels: 2.417
Resistance levels: wedge resistance, 3.180

The altcoin market is waiting for any bullish reaction in the market, including from bitcoin, which plays an important role in this market. Altcoins react weakly to the fall of the flagship and react strongly to the rise. We expect a breakout of the wedge

Regards R. Linda!



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