CONVEX FINANCE - CVX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	CVXUSDT
ISIN:

CONVEX FINANCE - CVX/USDT - Daily - Technical analysis published on 01/27/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 3.00 USDT

My targets

2.68 USDT (-6.94%)

2.46 USDT (-14.58%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CONVEX FINANCE - CVX/USDT as long as the price remains well below 3.00 USDT. The sellers' bearish objective is set at 2.68 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.46 USDT. In case of crossing, the next objective would be the support located at 2.31 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CONVEX FINANCE - CVX/USDT price is 2.88 USDT. On the day, this instrument gained +0.00% with the lowest point at 2.80 USDT and the highest point at 2.90 USDT. The deviation from the price is +2.86% for the low point and -0.69% for the high point.

2.80

2.90

2.88

Here is a more detailed summary of the historical variations registered by CONVEX FINANCE - CVX/USDT:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this CONVEX FINANCE - CVX/USDT chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.31	2.46	2.68	2.88	3.00	3.21	3.38
Change (%)	-19.79%	-14.58%	-6.94%	-	+4.17%	+11.46%	+17.36%
Change	-0.57	-0.42	-0.20	-	+0.12	+0.33	+0.50
Level	Intermediate	Major	Intermediate	-	Intermediate	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.50	2.59	2.73	2.82	2.96	3.05	3.19
Camarilla	2.82	2.84	2.86	2.88	2.90	2.92	2.94
Woodie	2.54	2.60	2.77	2.83	3.00	3.06	3.23
Fibonacci	2.59	2.68	2.73	2.82	2.91	2.96	3.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.49	2.64	2.79	2.94	3.09	3.24	3.39
Camarilla	2.87	2.90	2.92	2.95	2.98	3.01	3.03
Woodie	2.50	2.64	2.80	2.94	3.10	3.24	3.40
Fibonacci	2.64	2.75	2.82	2.94	3.05	3.12	3.24

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.96	2.59	2.95	3.58	3.94	4.57	4.93
Camarilla	3.03	3.12	3.21	3.30	3.39	3.48	3.57
Woodie	1.82	2.52	2.81	3.51	3.80	4.50	4.79
Fibonacci	2.59	2.97	3.21	3.58	3.96	4.20	4.57

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.61
MACD (12,26,9):	-0.1400
Directional Movement:	-7.72
AROON (14):	-28.57
DEMA (21):	2.76
Parabolic SAR (0,02-0,02-0,2):	3.06
Elder Ray (13):	-0.04
Super Trend (3,10):	3.21
Zig ZAG (10):	2.87
VORTEX (21):	0.9600
Stochastique (14,3,5):	44.47
TEMA (21):	2.74
Williams %R (14):	-44.28
Chande Momentum Oscillator (20):	-0.10
Repulse (5,40,3):	6.3300
ROCnROLL:	2
TRIX (15,9):	-0.6900
Courbe Coppock:	16.65

MA7:	2.82
MA20:	2.96
MA50:	3.30
MA100:	3.37
MAexp7:	2.83
MAexp20:	2.96
MAexp50:	3.18
MAexp100:	3.27
Price / MA7:	+2.13%
Price / MA20:	-2.70%
Price / MA50:	-12.73%
Price / MA100:	-14.54%
Price / MAexp7:	+1.77%
Price / MAexp20:	-2.70%
Price / MAexp50:	-9.43%
Price / MAexp100:	-11.93%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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