$CVX shows the previous runs last year did not end randomly but precisely at the top of the band relative to the rest and was not 'primed' then with a relatively thick band.
We are now seeing the 'compression' for the first time in it's price history with price holding within the band.
Potential for an explosion here - HIGH.
@GeoMetric_9 Been waiting for CVX to explode, the compression is so tight, it ranges quite a while but so far the support has held pretty well.
it held up well during this bear market, we are just early.
New article is now LIVE!
I break down exactly how to tell when you should be buying $CVX over $CRV and vice versa based on both their prices at any given time.
After reading the article below you'll be able to determine this yourself, at any given time, without my (or anyone else's) assistance.
Likes/shares/comments appreciated as always, enjoy! 👇
$CVX
Structure is still in tact.
Target is 2.75
You came into your risk level and held 1.657 for most of the correction Friday. Then today, you did the swipe down (dirty move).
As long as you have 4HR closes under 1.68 and especially daily closes under that level, you are exposed to 1.35.
Making 1.77 continuous support with a move back above 1.87 protects you.
Breakout from 2.03 suggests you are in the move.
. @CurveFinance reached a new ATH: 65K+ monthly active users.
That’s real onchain activity flowing back to Curve.
Liquidity + adoption + revenue momentum.
Don’t fade the OG DeFi.
Very close to tagging 74k today but thus far it hasn’t been breached.
For now, we need to reclaim 81-85k to get out of the “danger zone”.
Just like at 25k with 24.8k inval that preceded continuation to new ATH- I will assume the level will be defended until/unless it is actually breached.
If it is breached, I will make a new market update video to cover what this entails.
With that being said, many alts that I track have hit their respective downside targets/HTF supports, so there is no need to panic (never is) if we break 74k- there are both bullish and bearish scenarios on the table if this happens and will go over those if those scenarios comes into play.
For now, let’s see if we can reclaim 81-85k and take it from there.
$BTC
@cryptojack4u what would be the catalyst for CVX to reach all the way to $30 ?
i agree the weekly double bottom is a great signal and being conservative, my target is $5
@CezFzv its been consolidating for the past 3 years and the market euphoria is not like back when it was 2021
what will trigger the bull run for CVX sir ?
@JimSixOneEight i was thinking to get a loan for my BTC as collateral to buy more BTC
i've already asked chatgpt for opinion,
it seemed like you're highly against this, do you mind explaining why ?
thank you jim
@lemonsqueezy help me activate my store, i've emailed you guys a few days ago and got no response until today
the email i sent from is [email protected]