According to my analysis, $CVX is showing a strong bullish recovery after a clean bounce from the demand zone. Price has reclaimed the short-term resistance and is holding above the previous base with improving momentum.

CVX is forming higher lows and strong bullish candles, which confirms buyer strength and accumulation after the pullback. As long as price holds above the 1.95 – 2.00 support zone, the bullish bias remains intact.

The current structure favors continuation rather than reversal.

For spot traders, this is a buy-and-hold structure.

I am bullish on CVX in spot and expecting further upside.

Targets:

TP1: 2.150

TP2: 2.200

TP3: 2.220+

CVXUSDT

Διην.

2.011

-3.22%