CVXUSDT : Cup & Handle Pattern Can X4

20. Feb. 2023

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 depending on your trading strategy and your patience. The 0.618 Fibonacci Retracement is always a very likely target during any bull market, therefore that would be my ultimate target for this season.

I'm not using any technical indicators today, as I am doing a longer term outlook on CVX. I believe there is an important balance between trend line analysis / chart analysis / chart patterns , and technical indicator analysis. I find that trend analysis ( trend lines , Fibonacci Retracement , patterns , support zone and resistance zone ) is really helpful for longer term, whilst technical indicators can be very useful for the shorter term.

Here's my bullish outlook on Bitcoin 👀

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CryptoCheck

27. Feb. 2023

Trade ist aktiv

A perfect entry for CVXUSDT now; CVX setting up for a FACEMELT run after this consolidation phase.