đ $CVX
Technical indicators:
Support and resistance: The price of the asset fluctuates in an ascending channel. Support levels are at $2.606 and $2.560, and resistance is at $2.737.
Moving average (MA) indicators:
AND (7) â $2,545
AND (25) â $2.524
AND (99) â $2.357
Ichimoku indicators:
Tenkan-sen â $2.606
Kijun-sen â $2.737
Span A relief â $2,607
Senkou Span B â $2,560
Parabolic SAR: $2.364
Trading volume:
Volume (SMA, 9) is 372.099K, which indicates significant interest among traders in this asset.
General trend:
An uptrend, which indicates bullish market sentiment. The price is above the main moving average levels, which confirms the bullish sentiment.
Possible scenarios:
Bullish scenario: If the price can overcome the resistance level of $2.737, then the next target could be the $3.00 level.
Bearish scenario: If the support level of $2.606 is broken, a decline to the level of $2.560 and below is possible.
Recommendations:
Buy: Recommended when the $2.737 level is broken through with volume confirmation.
Sell: Possible if the support level of $2.606 is broken.
đĄ Note: Technical analysis is not a guarantee of future results. Invest with caution and manage risk.