#CVX/USDT : Long-Term Breakout Signals Massive Upside Potentia#CVX
The 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 have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.
There is a major support area in green at 3.66, representing a strong support point.
For inquiries, please leave a comment.
We are in a consolidation trend above the 100 Moving Average.
Entry price: 3.70
First target: 3.76
Second target: 3.84
Third target: 3.91
Don't forget a simple matter: capital management.
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.
Thank you.
Cvxbtclong
#CVX/USDT : Long-Term Breakout Signals Massive Upside Potential#CVX
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower boundary of the channel at 3.30, acting as strong support from which the price can rebound.
We have a major support area in green that pushed the price upward at 3.27.
Entry price: 3.34.
First target: 3.47.
Second target: 3.55.
Third target: 3.65.
To manage risk, don't forget stop loss and capital management.
When you reach the first target, save some profits and then change the stop order to an entry order.
For inquiries, please comment.
Thank you.
$CVX/#BTC [#Convex Finance]: ResistanceBreakout+ConfirmationWe've detected a Resistance Breakout and Confirmation on the $CVX/$BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level.


