$CVX / USDT 1D Technical Analysis (Clean & Logical)

CVX spent months bleeding inside descending channels, each time dumping into the same long-term demand zone around $1.4–$1.6. That zone has now been defended three times, which is classic accumulation behavior, not distribution.

🔑 Structure Shift

Price broke out of the last falling channel with strong momentum.

This is a clear market structure break: lower highs → higher high printed.

Previous resistance near $2.0–$2.2 has flipped into support (textbook S/R flip).

📈 Momentum & Expansion

The recent candles show range expansion + follow-through, not a weak bounce.

Volume expanded on the breakout → real demand, not a fake move.

After long compression, CVX is now in the markup phase.

🎯 Fibonacci Targets (Measured Move)

From the long-term base to the breakout:

0.618 Fib: ~$4.2

1.0 Fib: ~$5.8

1.618 Fib: ~$9.1 (~295% from base)

2.618 Fib: ~$13.8 (~500% zone)

These aren’t moon numbers — they’re standard fib expansions after multi-month accumulation.

🧠 Big Picture

Long downtrend → base → breakout → expansion.

CVX is coming off a deep undervaluation phase.

As long as price holds above $2.0, dips are continuation dips, not reversals.

⚠️ Invalidation

Only a daily close back below $1.7 would weaken this bullish structure.

Until then, trend bias remains up only.

📌 Conclusion

CVX has:

Reclaimed structure

Broken bearish channels

Defended macro support

Entered expansion

This is how real reversals look, not how tops form.

Patience favors spot holders, not leverage gamblers.

Trend: BULLISH

Bias: Buy dips, hold strength