Currency $CVX Are you ready for a new launch? Technical analysis reveals a crossroads!
Technical analysis for CVX/USDT
Current price: $3.341
Change percentage: +0.21%
Highest price in 24 hours: $3.459
Lowest price: $3.277
Technical indicators:
Bollinger Bands:
The price is currently moving near the middle of the band after bouncing from the lower limit, indicating a gradual return of positive momentum. Breaking the upper limit may signal an upcoming launch.
MA(5) and MA(10) averages:
The current candle has broken through MA5 and is heading towards a crossover with MA10, which is considered an initial positive signal supporting the upward return.
RSI (6):
Is at 53.90, in the neutral zone with a slight upward tilt, indicating a relative balance between sellers and buyers without saturation.
MACD:
Still in the negative zone with a decline in selling momentum, but any upcoming positive crossover will form a strong entry signal.
Proposed trading strategy: "Launch after confirmation"
Smart entry area:
Between $3.32 - $3.34 with confirmation of breaking MA10.
Stop loss:
Below $3.15 to protect capital from sudden reversals.
Profit targets:
First target: $3.60
Second target: $3.90
Third target (medium term): $4.20
Do you expect CVX to exceed the upcoming resistance and start a new upward wave? Or is there a correction coming? Share your opinion!
