This Is How Convex Finance Is About To start The Parabolic Move | CVX Price Prediction 2023

Hey friends this is Atif hope your van and welcome to the new update on cbx in my previous video I was showing you that CVX broke out a down Channel and after breaking up the channel the price line formed another symmetrical triangle now if we take a look at the live chart then

Unfortunately the price line broke down the support of the symmetrical triangle and now recently it has formed another down Channel and in today’s video we will take a look at this move and I would also like to share with you my most recent trade signal of CVX that I

Shared few hours ago with my members but before starting this analysis if you are not subscribed to my channel then do subscribe it and for more trading signals you can also join me and support me as a YouTube member press patreon member because here I’m sharing different trading signals for you and

You can find a link to join me here in the videos description I’ve shared so let’s start the announce it then first of all let me begin with my most recent trade signal of CVX and I shared yesterday with my members almost one day ago and that was a harmonic bullish reversal uh

Cipher pattern that CVX was completing uh I think on the four hour time frame chart yes on the four hour time frame chart with the US dollar pair therefore I told my members that we can wait for uh some more drop and once the Priceline will be entered in this potential

Reversal Zone then it can start the next price reverse if I’m here and after playing this chart you can see that the price line drop more down here and after the completion of this like year the price line diverse back and so far it has added more than 13 and before that I

Shared this harmonic bullish reversal bad move on first of November 2022 and that was also getting completed on the four hour time frame charged with US dollar pair and after playing this chart you can see that the prize line again move more down completed the flag here

And then It reversed very well and this was by the way more than 12 percent pump on this four hour time frame chart now let me to take you here on on this daily time frame chart and here you can see that previously we have broken out a down channel here

And after the breakout we found a key resistance at nine dollars and we also formed this symmetrical triangle as well and here you can see that the price line was squeezed and that was the decisive movement for uh CVX and finally the price and broke down the support of this

Triangle now if we take a look at the target for this breakdown uh then the target to the downside uh can be let me show you the target for the breakdown that was here below then the support uh that was approximately a 2.09 but the five cents

Could not reach this Target because here we had a very strong support at 3.11 cents that is also a recent swing low before breaking out this channel as well and you can see so far it is breaking at the nice support here we last time

Tested the support on 23rd uh on 6th of January 2023 and now after this price reversal the Priceline has formed this down channel here and by the way this is not a bull flag because if I play this Fibonacci 2 from this low to this side

Then you can see it has retraced even more than 0.50 Fibonacci retracement level and here by the way we have a lot of support as well and during the bull flag formation the price line never retraces more than 0.382 Fibonacci retracement level however it is a bullish blast pattern a down Channel and

Therefore there is a probability that the Priceline may break out this down Channel as well and after breaking out this down channel the target it can be here at the top of the channel That will be approximately 7.25 cents now if we take a look at the final Target for this bigger down

Channel because we have already broken out this Channel and then the target for this bigger down channel is here at the top of the channel approximately at forty dollars so this was the update so far I hope that you’ve liked the analysis then do hit the like and do

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