Convex Finance (CVX)

$CVX

Extended the accumulation range as shown on the chart. It's taking its time, but I still view this move as nothing more than a deviation below the range until proven otherwise.

Given the first attempt to return inside failed, one final sweep would create the perfect setup for panic and potential capitulation. If that happens and price quickly reclaims the low, I’d love to see an impulsive move back into the range—exactly like CRV delivered recently.

#ConvexFinance

$CVX

Zooming out, price is simply sweeping the liquidity around the $1.43 equal lows, which align perfectly with my HTF logarithmic range low. I expect this to be nothing more than a deviation below the range, with price returning inside it in the coming days.

Keep in mind that the HTF ranges for both CRV and CVX are logarithmic. That means reaching the range highs will require exponential moves. As I told a follower yesterday: patience will be needed, and the path won’t be easy. Not everyone will make it to the top.

The question is: are you strong enough to reach the finish line?

#ConvexFinance