#CVX'S ACCUMULATION AND THE NEXT PRICE ACTION IT WILL TAKE!
If you're looking for an in-depth analysis of CVX, then, you're in the right place.
Here's why.
The overall market structure of CVX is at decline and almost everyone's following this trend with their selloffs. This is normal, considering its previous peak at 60.09. A high price surge would also need a balancing in its own market structure. In this way, it can generate an overall healthy economic status in the crypto market.
So what's next for CVX?
Taking into account the massive decline of CVX. We have analyzed the current scenario which could possibly lead to a markup phase. More accumulations are happening below the major supports it once held way back 2022. This accumulation is due to the fact that many buyers are awaiting these key levels and are ready to keep on testing the prices until it creates a major movement. Right now, we're patiently observing and not reacting immediately to any impulses the market makes. Hence, it would be wise to enter once a confirmed completion of the accumulation phase is present.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
