$CVX $CVX The $CVX /USDT chart shows a strong upward trend over the past 24 hours. The price has risen from a low of $1.704 to a high of $1.889, indicating a significant bullish momentum. The current price is $1.828, which is a +4.76% increase from the previous day.
Support and Resistance Levels
Support: The first level of support is at $1.704, which is the 24-hour low. The second level of support is at $1.566, which is the current price.
Resistance: The first level of resistance is at $1.889, which is the 24-hour high. The second level of resistance is at $1.912, which is the current price.
Entry Signal
The current price is above the 50-day moving average and the 200-day moving average, which is a bullish signal. The Relative Strength Index (RSI) is currently at 70, which is in the overbought territory. This indicates that the price may be due for a correction in the near future.
Trading Strategy
Based on the analysis, a possible trading strategy would be to buy CVX at the current price of $1.828 with a stop-loss at $1.704 and a target price of $1.889.#DogeArmyComeBack
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{spot}(CVXUSDT)