I'm using the bars pattern tool to plot an example inverted H&S pattern recovery. A double bottom is present also, reinforcing this bullish assumption. After a small pullback CVX should look for new ATH's.
Double Top within a down channel This will likely lead to extended downfalls if the channel does not provide support Double tops are a bearish pattern
Convex Finance (CVXUSD) is above its 1D MA200 (orange trend-line), having broken above the Descending Triangle pattern that has been keeping it bearish since the June 18 Low. Right now however, it is approaching the 6.000 Resistance level , which has been holding since the August 25 2022 High (broken only once on a candle wick). Considering also the weakness...