$CVX USDT

#CVX/USDT potential breakout, indicating a strong possibility of an upward trajectory.

#CVX is challenging the channel's resistance and has been trading within a consolidation zone. If it can maintain momentum at the key support level of $1.932 within this channel, we anticipate a substantial upward move, aiming for the resistance levels we've outlined.

The price is moving within a descending channel pattern on the 12H time frame, which is a retracement pattern.

The RSI indicator that supports the rise and gives greater momentum and the price is based on it, very strong oversold conditions on the RSI indicator to support the rise with a strong uptrend.

CVX USDT
Current Price : $ 2.40
Fear & Greed Index : 71 (Greed)
Sentiment : Bearish
Volatility : 10.64%
Green Days : 18/30 (60%)
50-Day SMA : $ 2.54
200-Day SMA : $ 3.42
14-Day RSI : 34.12
Diluted Market Cap : $ 239.57M
24H Volume : $ 17.51M #267
Dominance : 0.01%
ATH : $ 60.32 (-96%)
ATL : $ 1.89739
Market Cap : $ 229.75M

Entry price is 2.06 - 2.40
Target price is 3.07 - 5.55 for long term HOLD
Stop loss price is 1.80

Don’t forget to set stop loss, Always follow your trading plan regarding entry, risk management, and trade management.

DISCLAIMER : Any content in this text does not constitute investment advice. This text provides an objective description of the market situation and should not be considered an offer to sell or a solicitation to buy.

DYOR

NOT FINANCIAL ADVICE
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