Oil has been ripping lately and trying to establish a new consolidation range. Keep in mind this rally in energy has occurred as the DXY has had 9 weeks of consecutive upside. The energy sector has been a bullish piece of the market and is at a critical support level. If this breakout in XLE is to hold we could see some significant upside. A weekly & daily...
🔹Breakout resistance at 65.90, indicating a potential further rise, and potential support at 65.90 in case of NEGATIVE reactions. 🔹POSITIVE volume balance indicates higher volume on rising days. 🔹The RSI curve indicates a positive trend, indicating a rising trend. 🔹Technically POSITIVE for the short term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double...
During the past few weeks, we are seeing a period of selling accumulation. This is because the price has managed to break below the long-term uptrend trendline, indicating a change in sentiment. The most recent pullback shows that CVC didn't have enough steam to break above the downtrend trendline, yet again increasing the probability of further decline. We are...
🔹Rectangle Formation produced a POSITIVE signal at a breakout resistance of 160. 🔹Marginally broken up through resistance at 164, next resistance at 173. 🔹RSI curve indicates a rising trend, indicating an early indication of a possible upward trend reversal for the price. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT: Double Top | BEARISH |...
💎The #CVXUSDT chart is currently painting a fascinating narrative, reminiscent of the classic Elliot Wave theory. Since the dawn of this year, the asset has witnessed a consistent dip. Between February and August, #CVX plummeted by a staggering 66.6%, leaving investors pondering about its future prospects. 💎However, there's a silver lining for the optimists. A...
Chevron Corporation - 30d expiry - We look to Buy at 157.22 (stop at 154.02) We look to trade the current range. 156.22 has been pivotal. Support is located at 157 and should stem dips to this area. We look to buy dips. The primary trend remains bullish. Our profit targets will be 165.22 and 167.22 Resistance: 162.00 / 164.25 / 166.00 Support: 159.00 /...
🔹Breakout Falling Trend Ceiling in medium long term. 🔹Once breakout resistance 87.4 be POSITIVE signal. 🔹Short-term momentum is POSITIVE with RSI above 70. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and...
Chevron Corporation - 30d expiry - We look to Buy at 150.33 (stop at 146.33) 150 continues to hold back the bears. We look to buy dips. 149.91 has been pivotal. 149.74 has been pivotal. This is currently an actively traded stock. Our profit targets will be 160.33 and 162.33 Resistance: 155.00 / 157.00 / 160.77 Support: 152.00 / 149.74 / 148.00 Please...
Chevron broken H&S neckline, retesting and holding as resistance, look left PT 104 last area of consolidation, also vol profile shelf. Risk to Reward favors a trade risking a daily close above neckline recovery
A flag like formation. This could either break out really nicely. However if it doesn't break out it is out of the fault of a double top.
Expecting CVX TO Go 100% up From here Good reward and small risk To go Mybe one of the best but lets see in past had did many 100% coin trades lets hope its also one more
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Double Top within a down channel This will likely lead to extended downfalls if the channel does not provide support Double tops are a bearish pattern
An idea for CVX showing similar double bottom formations in a strange sort of inverted H&S way. If you do consider this a H&S we just experienced the right shoulder, following this is a bullish period, hence my continuation assumption in green bars pattern. Thicker Trendline is a longer term trend line
Daily chart for CVXUSDT And this what I see for it Good Luck^
I'm bullish on WTI and the energy sector in general at this level. I like Chevron which is close to my buy point for a fifth wave to new highs. Chart pretty much says it all. Wait for it. It needs to find at bottom at the confluence of trendlines on the chart. I'll update as needed in the near future
#CVX/USDT CVX tested 4.77 level many times till now and it's considered a very important level and this level now is our major support and we may use it as our stop-loss for this trade. 🟢Entry price: from now at 5.3 to 4.9 🎯Targets: |> 6 |> 7 |> 8 🔴Stop-loss: Daily candle closes under 4.77 ➡️Recommended risk: 0.25% ➡️Recommended total Positions Size: 3.5%