Technical Analysis & Trade Signal Summary๐ฏ๐ฅ๐๐๐
Current Price: $5.08 (+12.20% in 24h)
24h High: $5.087
24h Volume ($CVX ): 833,944.88
24h Volume (USDT): 3.92M
Key Indicators:
MA (Moving Average): Shows general trend direction (indicating bullish).
EMA (Exponential Moving Average): Responding to recent price movements and confirming bullish momentum.
Bollinger Bands: Suggest high volatility; breakout may indicate continuation of uptrend.
SAR (Parabolic SAR): Bullish, confirming upward movement.
MACD: Positive momentum, strong support for bullish trend.
Momentum & Trend:
Today: +6.16%
7 Days: -3.00%
30 Days: -1.70%
90 Days: 174.06%
180 Days: 120.53%
1 Year: 49.49%
Trade Signal:
Entry Point: $5.08, after confirmation of upward trend.
Target Levels (๐ฏ):
Target 1: $5.20 (Immediate Resistance)
Target 2: $5.40 (Mid-term Resistance)
Target 3: $5.60 (Long-term Resistance)
Trade Momentum:
Bullish momentum is currently strong due to positive MACD, moving averages, and Bollinger Bands. The trend is likely to continue in the short term unless significant volume or negative news disrupts momentum.