Hi Traders, This formation is so far aligned with a continuation pattern. The 3rd target is the macro resistance trendline. With contracting triangles, we have a number of models. As per the chart, I have outlined the most common. However this also aligns so far with the wyckoff distribution as well. Please give me a like and share,...
Hi Traders, Investors and Speculators of the Charts 📈📉 CVXUSDT is another altcoin with massive upside potential. Infact, after consolidating for such an extended period, a parabolic move to the upside is very possible. In the chart, I've pointed out 3 take profit zones based on candle wicks (supply zone and demand zone) , but you can always add more TP points...
CVX is right now at an important support level, with the WTS reaching the oversold zone. In my opinion, price bouncing is really appealing with the market bottom indicator in green. I would like to wait a bit to look if the price breaks the support and return or if it breaks it definitely. Let's see.
1/2 We sold most longs in #OIL, trailing position left Been going long $UCO & shorting puts @ lows We want back in, why? There's something brewing in middle east area More on this later Chart is too much, explain in next post $USO $CVX $XOM $MPC $SUN - 2/2 Short term #oil is on a slight uptrend (white) It also more recently trades in channel (yellow) Longer...
Nice setup here in $XOM, new 52 week highs on higher than average volume with a Time@Mode trend signal confirmation this week. Monthly and yearly trends are up, overall oil stocks could continue being the best prospect with a potential rebound in inflation figures coming next, Russia 'cutting' production (likely forced to do so by the effect of crippling...
I think this is a low risk in energy here, I specially like $CVX due to the reward to risk ratio and general fundamentals and long term chart variables at play. Best of luck! Ivan Labrie.
Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors . Trading suggestion : 📍 CVXUSDT 🔰 LONG 🟢Buy now or Buy at : 6.15 ⛔️Stop Loss : 5.80 🌀Take Profit 1 : 7.00 🌀Take Profit 2 : 7.65 🌀Take Profit 3 : 8.35 ⛔️ Trading and investment in the...
If you haven`t bought CVX Chevron Corporation here: Then looking at the CVX Chevron Corporation options chain ahead of earnings , I would buy the $180 strike price Puts with 2023-1-27 expiration date for about $2.47 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Oil the leading energy commodity is signaling negative price action. An MTop Formation is on watch. If we get a weekly close below $70 it triggers the Topping formation and sways the probabilities in favor's for more downside action. This large time frame pattern has a potential to go down to $20...I know, I can barely believe it myself. A clear weekly reversal...
ERY is on the verge of breaking out of a falling wedge from the lows of the chart. Very likely to see a breakout here. If it fails we will see the lower wedge act as next major support level.
With Oil companies reporting earnings and also a majority of them attempting to break ATH, I have my eyes on SHEL, CVX, and XOM. CVX and XOM already reported earnings and did not have an all around beat but CVX beat revenue and XOM beat earnings! SHEL is set to report their earnings on Thursday pre- market and I will be looking to enter into a swing in either...
We've detected a Resistance Breakout and Confirmation on the $CVX/$BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
CVX got stuck in daily resistance zone, which looks quite strong. Once it clear the red zone we can see some good upward movement with expected targets. DYOR
CVX possible good move incoming, minimum 20 % BTC pair looks good too. Triange forming Need breaks 5.56
In each horizontal example the initial push is seen as great resistance, but it is pushed through and this horizontal is eventually seen as support eventually, from this support price continues to rise (as seen in first example) Bullish potential
Buy Zone 1.816 - 2.179 - 2.433 Sell Zone 4.831 - 5.448 - 6.85 Trend 1W - BUY 1D - BUY 4H - BUY
Showing depending on the trend study interesting view, also the open zone that it shows.
In this chart you will see that in the H4 We're entering a period of consolidation in the nearest resistance. It's either we're going for a deep pullback since the Relative Strength Index is just way too extended and there's a divergence. However, I am still expecting another high going to be formed as we are still in a bullish trend. I have been trading...