CONVEX FINANCE - CVX/USD - 1H - Technical analysis published on 03/07/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 2.30 USD
My targets
2.46 USD (+2.93%)
2.56 USD (+7.11%)
My analysis
The bullish trend is currently very strong on CONVEX FINANCE - CVX/USD. As long as the price remains above the support at 2.30 USD, you could try to benefit from the boom. The first bullish objective is located at 2.46 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.56 USD as an objective. Crossing it would then enable buyers to target 3.08 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CONVEX FINANCE - CVX/USD rating 2.39 USD. The price registered an increase of +11.16% on the session and was between 2.05 USD and 2.47 USD. This implies that the price is at +16.59% from its lowest and at -3.24% from its highest.2.05
2.47
2.39
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CONVEX FINANCE - CVX/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.05 | 2.12 | 2.30 | 2.39 | 2.46 | 2.56 | 3.08 |
| Change (%) | -14.23% | -11.30% | -3.77% | - | +2.93% | +7.11% | +28.87% |
| Change | -0.34 | -0.27 | -0.09 | - | +0.07 | +0.17 | +0.69 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Minor |
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 | 1.86 | 1.98 | 2.07 | 2.19 | 2.28 | 2.40 | 2.49 |
| Camarilla | 2.09 | 2.11 | 2.13 | 2.15 | 2.17 | 2.19 | 2.21 |
| Woodie | 1.84 | 1.97 | 2.05 | 2.18 | 2.26 | 2.39 | 2.47 |
| Fibonacci | 1.98 | 2.06 | 2.11 | 2.19 | 2.27 | 2.32 | 2.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06 | 1.55 | 1.91 | 2.40 | 2.76 | 3.25 | 3.61 |
| Camarilla | 2.03 | 2.10 | 2.18 | 2.26 | 2.34 | 2.42 | 2.49 |
| Woodie | 0.99 | 1.52 | 1.84 | 2.37 | 2.69 | 3.22 | 3.54 |
| Fibonacci | 1.55 | 1.88 | 2.08 | 2.40 | 2.73 | 2.93 | 3.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.02 | 0.87 | 1.55 | 2.44 | 3.12 | 4.01 | 4.69 |
| Camarilla | 1.80 | 1.94 | 2.09 | 2.23 | 2.37 | 2.52 | 2.66 |
| Woodie | -0.13 | 0.82 | 1.45 | 2.39 | 3.02 | 3.96 | 4.59 |
| Fibonacci | 0.87 | 1.47 | 1.84 | 2.44 | 3.04 | 3.41 | 4.01 |
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): | 65.79 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 23.06 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 2.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.37 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 2.31 | |
| Zig ZAG (10): | 2.43 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 91.79 | |
| TEMA (21): | 2.46 | |
| Williams %R (14): | -12.28 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | -0.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 26.96 |
| MA7: | 2.27 | |
| MA20: | 2.38 | |
| MA50: | 2.71 | |
| MA100: | 3.91 | |
| MAexp7: | 2.41 | |
| MAexp20: | 2.33 | |
| MAexp50: | 2.26 | |
| MAexp100: | 2.25 | |
| Price / MA7: | +5.29% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | -11.81% | |
| Price / MA100: | -38.87% | |
| Price / MAexp7: | -0.83% | |
| Price / MAexp20: | +2.58% | |
| Price / MAexp50: | +5.75% | |
| Price / MAexp100: | +6.22% |
Quotes :
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Real time data
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CoinMarketCap
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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