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 04/23/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 2.90 USDT

My targets

2.41 USDT (-13.93%)

My analysis

The bearish trend is currently very strong for CONVEX FINANCE - CVX/USDT. As long as the price remains below the resistance at 2.90 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.41 USDT. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.9

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 mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CONVEX FINANCE - CVX/USDT rating is 2.80 USDT. The price registered an increase of +0.72% on the session with the lowest point at 2.75 USDT and the highest point at 2.81 USDT. The deviation from the price is +1.82% for the low point and -0.36% for the high point.

2.75

2.81

2.80

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this CONVEX FINANCE - CVX/USDT chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	2.41	2.80	2.90	3.38	4.14
Change (%)	-13.93%	-	+3.57%	+20.71%	+47.86%
Change	-0.39	-	+0.10	+0.58	+1.34
Level	Minor	-	Intermediate	Minor	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	2.55	2.61	2.70	2.76	2.85	2.91	3.00
Camarilla	2.74	2.75	2.77	2.78	2.79	2.81	2.82
Woodie	2.56	2.62	2.71	2.77	2.86	2.92	3.01
Fibonacci	2.61	2.67	2.71	2.76	2.82	2.86	2.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.81	2.02	2.40	2.61	2.99	3.20	3.58
Camarilla	2.62	2.67	2.73	2.78	2.83	2.89	2.94
Woodie	1.90	2.06	2.49	2.65	3.08	3.24	3.67
Fibonacci	2.02	2.25	2.39	2.61	2.84	2.98	3.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.24	2.36	3.29	4.41	5.34	6.46	7.39
Camarilla	3.65	3.83	4.02	4.21	4.40	4.59	4.77
Woodie	1.14	2.31	3.19	4.36	5.24	6.41	7.29
Fibonacci	2.36	3.15	3.63	4.41	5.20	5.68	6.46

Numerical data

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

Technical indicators

Moving averages

RSI (14):	39.92
MACD (12,26,9):	-0.3400
Directional Movement:	-18.67
AROON (14):	-28.57
DEMA (21):	2.57
Parabolic SAR (0,02-0,02-0,2):	2.11
Elder Ray (13):	-0.07
Super Trend (3,10):	3.37
Zig ZAG (10):	2.81
VORTEX (21):	0.8600
Stochastique (14,3,5):	37.72
TEMA (21):	2.47
Williams %R (14):	-56.35
Chande Momentum Oscillator (20):	-0.75
Repulse (5,40,3):	5.9100
ROCnROLL:	2
TRIX (15,9):	-1.4800
Courbe Coppock:	50.12

MA7:	2.67
MA20:	3.06
MA50:	3.85
MA100:	3.73
MAexp7:	2.74
MAexp20:	3.03
MAexp50:	3.51
MAexp100:	3.64
Price / MA7:	+4.87%
Price / MA20:	-8.50%
Price / MA50:	-27.27%
Price / MA100:	-24.93%
Price / MAexp7:	+2.19%
Price / MAexp20:	-7.59%
Price / MAexp50:	-20.23%
Price / MAexp100:	-23.08%

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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