💎 CVX has recently broken out of a descending channel, indicating a potential shift towards bullish momentum, especially with the formation of a W pattern and the presence of CHoCH, signaling a change in character towards a bullish structure.
💎Currently, the price is approaching a resistance level. If CVX manages to break above this resistance, it could signal further bullish movement. Conversely, if there's a pullback, traders may anticipate a bounce from the bullish Order Block (OB), which also acts as a demand area.
💎However, it's essential to be cautious if CVX experiences panic selling and breaks below the bullish OB. In such a scenario, it may be prudent to avoid trading CVX until clearer market conditions emerge.
💎Currently, the price is approaching a resistance level. If CVX manages to break above this resistance, it could signal further bullish movement. Conversely, if there's a pullback, traders may anticipate a bounce from the bullish Order Block (OB), which also acts as a demand area.
💎However, it's essential to be cautious if CVX experiences panic selling and breaks below the bullish OB. In such a scenario, it may be prudent to avoid trading CVX until clearer market conditions emerge.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.