CVPUSDT(PowerPool) Daily tf Range Updated till 26-07-24CVPUSDT(PowerPool) Daily timeframe range. it did had a huge pump. a nice retrace back from its local low smart profits. as of now its trying to break out of 0.5361. a confirm close can lead it to 0.6789. local support at 0.4258.
CVPUSDT
CVPUSDT.4HExamining the CVP/USDT chart, we see the price within a steady uptrend channel marked by the ascending trend lines acting as support (S1) and resistance levels. The price is hovering around the middle of this channel, suggesting a balanced act between buyers and sellers at the current levels.
The Ichimoku Cloud is beneath the price, which generally indicates a bullish trend in the medium term. The price is trading between the Conversion Line (blue) and the Base Line (red), which suggests a degree of equilibrium between short-term and medium-term sentiment.
The RSI is positioned at 60, slightly leaning towards overbought territory but not quite there yet. This indicates some buying momentum, although there’s still some room before it potentially hits overbought levels where a reversal could be expected.
The MACD is showing a bearish crossover with the signal line above the MACD line, which could be an early indication of slowing bullish momentum or a potential trend reversal. However, the MACD lines are close together, and this could also be a sign of consolidation rather than a decisive move down.
Resistance R1 at 0.674 is the next significant hurdle for price action, while the immediate support S1 at 0.5250 will be critical to maintain the current uptrend structure. A further support level S2 is also identified, suggesting a region where buyers may step in if a more substantial pullback occurs.
As a trader, I would monitor for either a bounce off the S1 support as an opportunity to take a long position within the trend channel or a break above R1 to trade a breakout with potential higher targets. Conversely, if the price breaks below S1, it could indicate a deeper correction, and I might consider a short position with a view of targeting S2, taking care to place a stop loss to manage my risk in case the uptrend resumes.
CVPUSDT.1DThis daily chart for Concentrated Voting Power (CVP) against Tether (USDT) displays a pullback after a significant price surge.
Resistance Levels (R1, R2): Resistance levels have been set at 0.7517 USDT (R1) and 0.9644 USDT (R2). The R1 level might serve as a target for any upward moves or as an area to potentially take profits.
Support Levels (S1, S2, S3): The chart identifies three support levels: 0.5772 USDT (S1), 0.4957 USDT (S2), and 0.3792 USDT (S3). These levels could act as potential areas where buying pressure might prevent further price declines.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, but the histogram suggests that the bullish momentum is decreasing as the bars are declining.
RSI (Relative Strength Index): The RSI is just above 70, indicating that the asset may be entering overbought territory. This can suggest a potential pullback or consolidation could be forthcoming.
Conclusion:
Given the current position of the RSI and the declining MACD histogram, I would be on the lookout for a potential retracement or consolidation. The support level at S1 might offer an entry point for a long position if the price shows signs of stabilization or a bounce. However, I would remain cautious due to the possibility of a deeper pullback given the overbought RSI. A break below S1 could see the price head towards S2, and I would adjust my strategy accordingly. In any case, setting a stop loss just below the support levels would be prudent to manage risk. As always, it's essential to integrate the technical analysis with market news and other fundamental analyses to make informed trading decisions.
CVPUSDT.4HBased on the market data provided, the CVP (PowerPool) is currently being traded at 0.3813 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 59.4, 51.51, and 52.75 respectively. The RSI values being above 50 indicate that the market has more buyers than sellers, which is a bullish signal. However, the values are not too high to indicate overbought conditions.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 0.0031, 0.0033, and 0.0036 respectively. These positive MACD values suggest that the market is in an uptrend.
The Bollinger Bands (BB) for 4 hours, 1 day and 7 days are 0.4, 0.4414, and 0.4399 respectively. The current price is below the middle band in all cases, indicating a potential for upward movement.
The support levels for 4 hours, 1 day and 7 days are 0.3712, 0.3270, and 0.32442 respectively for the first level of support. The resistance levels for the same periods are 0.4323, 0.4420, and 0.45 respectively for the first level of resistance.
In conclusion, the market data suggests a bullish trend for CVP. However, it's important to note that while technical analysis gives an idea about potential market movements, it doesn't guarantee future outcomes. Always make investment decisions based on thorough research and consider your risk tolerance.
CVP / CVPUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
CVP PowerPool Price TargetBinance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is CVP PowerPool.
I've set a short-term price target for CVP PowerPool at $0.28.
Looking forward to read your opinion about it!
PowerPool bull run don’t miss out?!!👀 CVP Today Analysis💎It has recently experienced a structural shift. Previously, the price demonstrated a consistent pattern of holding strong support levels.
💎 The latest price action suggests a break from this pattern, potentially signaling a change in market dynamics. Currently, CVP is maintaining a strong stance above the Exponential Moving Average 50.
💎 This sustained position indicates positive momentum and potential bullish sentiment.The high trading volume observed in conjunction with the recent price movement can be seen as a positive indicator.
💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey.
CVPUSDT uptrendCVPUSDT, the trading pair of CVP tokens with USDT on the Binance exchange, has been showing promising signs of an upward trend. The cryptocurrency has been trading in a range of $0.49-$0.55 for the past few weeks and is showing signs of a potential breakout.
Investors should consider buying CVPUSDT in the aforementioned buy zone, as this price level has provided strong support in the past. A stop loss can be placed below the $0.45 support level to limit potential losses.
The first target for CVPUSDT would be at $1.03, which is a key resistance level. If the cryptocurrency can break through this level, the next target would be at $1.60.
Cvp Breaks Bullish Pennant Seems Like Cvp Is ready For Bullish Impulse
Bullish Pennant Breakout has Already confirmed Expecting 30 to 35% bullish Move
CVP Waiting for launchThe currency bottomed out and began to return to higher levels of liquidity
The weekly view indicates a strong return during the coming weeks
I think it's time
And return to areas above $18
Cvpusdt Testing crucial Resistance Consolidating In range From Long Time
Now Testing Trendline Incase Of breakout Expecting 120 To 140% bulish Move
CVP USDT TODAYApply your own risk management.
hunt the profits at any level you see convenient for you.
Green Zone for entry,
Red Level Exit,
Yellow levels are targets.
have a good day guys.
Contact me for any Help.
CVP : WILL THIS COIN GET A CONFIRMATIONThis coin seems interesting to follow for confirmation.
we will check this coin coming time f its ability to make new confirmations.
At this moment there are still no confirmations.
CVP BUSD Analysis TodayWatch the video,
CVP right now is laying above the resistance of 0.30/0.3015, and it is actually went back above the purple trend, I'll wait for a retest on that line to make my first entry @0.317 40%, second entry @0.3015 30%, and the last one @ 0.3001..
the TP are shown in the chart.
Stop loss @0.295$.
Cvb busd todayRight now, #CVP is respecting this ascending trend resistance, but I think that after all these retest, we gonna have a breakout, so I put an order @0.4142, and a second martingale @ 0.3940
CVP BUSD Analysis TodayAs you see crypo-mates, CVP is still struggling in this Price Channel, and the lower ascending resistance is now clear for everybody, the Price try to break out many times, but it returns to this magic area. CVP can make X2 at least, but we need to follow a good management, I can recommend 30% @ 0.411$, 35% @ 0.388... we need to keep watching the CVP behavior at this level .
PowerPool (CVP) formed bullish Gartley for upto 40.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of PowerPool (CVP) with US Dollar pair.
Previously we caught a nice pump of CVP:
Now on a 4-hr tiem frame, CVP has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
PowerPool (CVP) formed bullish Gartley for upto 20% pumpHi dear friends, hope you are well and welcome to the new trade setup of PowerPool (CVP) with US Dollar pair.
On a daily time frame, CVP has formed a bullish Gartley.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
CVP On a weekly frame
It seems clear that the price is standing on strong support
Not closed under it
Any weekly close below 0.328 is considered invalid
The model targets 1.19
within 3 weeks
All indicators are in oversold
Opinion is not a recommendation to buy
cvpusdt another buy opportunity!!cvpusdt, after hit our first target from previous idea, has provided a buy again opportunity for those who sold at first target.
this time i hape price can hit 1.50 key area.
