$CVX
/USDT Technical Analysis and Trade Signal🔥🔥💯
Current Price: $5.18
Key Indicators:
RSI (Relative Strength Index): Bullish as RSI shows upward momentum.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, suggesting an uptrend.
Support Level: $4.74
Resistance Level: $5.32
Trade Signal:
Buy Signal: If price stays above $5.00 and breaks $5.32, an entry point could form as the momentum shifts towards higher levels.
Momentum: Positive momentum with a +8.7% increase in 24h suggests buying pressure.
Target Levels:
1. Target 1 (Short-term): $5.35 — Potential short-term resistance.
2. Target 2 (Mid-term): $5.50 — A more significant resistance zone.
3. Target 3 (Long-term): $5.75 — This could be a longer-term breakout point.
Trade Setup:
Entry: Around $5.18, looking for confirmation above $5.32.
Stop Loss: $4.74 (below the recent support).
Take Profit: Based on targets mentioned, with momentum favoring upward moves in the short to mid-term.