📈 $CVX

  1. 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) — $2,545

      • AND (25) — $2.524

      • AND (99) — $2.357

    • Ichimoku indicators:

      • Tenkan-sen — $2.606

      • Kijun-sen — $2.737

      • Span A relief — $2,607

      • Senkou Span B — $2,560

    • Parabolic SAR: $2.364

  1. Trading volume:

    • Volume (SMA, 9) is 372.099K, which indicates significant interest among traders in this asset.

  2. General trend:

    • An uptrend, which indicates bullish market sentiment. The price is above the main moving average levels, which confirms the bullish sentiment.

  3. 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.

  4. 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.

💡 Note: Technical analysis is not a guarantee of future results. Invest with caution and manage risk.

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