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CVX: Resilience Above Support and Search for a New Peak!
$CVX
Status: Buy (Long) 📈
• Strength: Moderate to Strong (Based on the rebound from levels of $2.00)
📝 Operations Note (Technical Logic):
• Support Areas: We notice that the price formed a double bottom around the area of $2.00 - $1.95, which provided momentum for the current rebound.
• Current Trend: The currency is currently in a slightly upward oscillation phase after reaching a local peak at $2.15. The price is now stabilizing at $2.077 and is trying to hold above the midpoint line of recent movements.
Status: Buy (Long) 📈
• Strength: Moderate to Strong (Based on the rebound from levels of $2.00)
📝 Operations Note (Technical Logic):
• Support Areas: We notice that the price formed a double bottom around the area of $2.00 - $1.95, which provided momentum for the current rebound.
• Current Trend: The currency is currently in a slightly upward oscillation phase after reaching a local peak at $2.15. The price is now stabilizing at $2.077 and is trying to hold above the midpoint line of recent movements.
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