Cfx analysis #Cfx is in descending parallel channel. Dump expected by following blue arrow.
If any 4hrs candle closed above 0.1280 then it will pump.
This is not a signal. It's just analysis.
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CFXUSD
CFX is ready to do some movements!Hello Traders,
It's time to see some fireworks on altcoins soon. CFX is one of them, and it's ready to blast off after 4 months of correction.
Please hit the boost button and follow me for more ideas.
Thanks
CFX target 0.434h time frame
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CFX getting rid of this falling wedge
But hasn't showed any momentum yet.
Here is also the Fib level 0.382 which allow us to set a good trading plan.
TP: 0.43~0.45 / 0.51~0.54
SL: 0.1277
Asia's Bullish Crypto! Japan(ASTR) + S Korea(KLAY) +China(CFX)While the west is confused the East is on the move.
Keeping an eye on those blockchains that have beaten out Eth and BNB as the defacto Layer1 platforms. Positioning now for the hype.
Japan - Astar ASTR = Huge partnerships (Sony, Toyota, and many more) and strong gov support (Web3 gov initiative)
S Korea - Klaytn KLAY = Founded by the largest consumer tech conglomerate in S Korea. (Kakao). Korea loves crypto (BTC on Bithumb routinely trades 30% premium)
China - Conflux CFX = state approved and adopted by Chinese instagram (RedBook). . .China's back. Enough said.
CFXUSD ❕ downtrend channelCFX has dropped below the 50EMA on the 4H TF.
Relative strength index indicates sellers' strength.
I expect price to continue to decline.
CFXUSD Double bottomed and is looking for +45% rally.Conflux (CFXUSD) made a low two days ago on the 0.1725 Support and along with the June 15 Low, makes so far a Double Bottom formation. It is no surprise then to see the price on a strong 1D candle today, headed towards the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line).
The pattern since the March 19 High is a Channel Down, so if the Double Bottom breaks, we will sell and target a new Lower Low at 0.1000.
Until it does though, the Double Bottom is a formation capable of breaking above the Channel Down, so we will take a long on the current price and target the 0.382 Fibonacci retracement level from the top (0.29000) which is the bottom of the High Volatility Zone (and now Resistance Zone) of the 0.5 - 0.382 Fib range. That move represents a +45% rise from the current value.
Beyond that, we will buy only if the price breaks above the 0.618 Fib and target the March 19 High at 0.488000.
Notice the 1D RSI, which is completing an Inverse Head and Shoulders pattern, a typical bullish reversal formation.
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CFX aim at 0.566~0.594h time frame
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CFX creating a great wedge.
Here is a nice entry with low potential loss.
Target: 0.566~0.59
SL: breaking below wedge
CFXUSDTJust like the previous chart I mentioned for cfx, it lost its support and went out of the trend line. Now we are witnessing rebalancing and returning to the trend line. I think we will see a downward trend in the long term.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
CFXUSD: Inverted Head and Shoulders Trading Above Old ResistanceCFX seems to be showing some bullish price action above the old resistance of $0.2488 all while forming an Inverted Head and Shoulders, confirming Hidden Bullish Divergence and holding above the moving averages on significant timeframes. The Bullish targets would probably be $0.60 then $1.64
CFXUSD The 1D MA50 distinguishes buying from selling.Conflux (CFXUSD) is testing the 1D MA50 (blue trend-line) today near the top of its March Channel Down. With the 1D MACD on a Bullish Cross and the 1D RSI rebounded from the (nearly) oversol 30.00 territory, a 1D candle closing above the 1D MA50, will be a bullish break-out signal first towards Resistance 1 and then the -0.5 Fibonacci extension at 0.93000.
Until the 1D MA50 break-out, it is more likely that the Channel Down continues to drop steadily and if the price closes below it, sell more aggressively towards the 1D MA200 (orange trend-line) and 0.17000.
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CFX CAN MAKE A BIG CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the CFX symbol.
It seems that wave E is a diametric uptrend of a triangle that is terminated and moves down for wave F
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Cfx towards 0.31Was keeping eye on this cfx and its looking very bullish buy zone is given in chart lets pump it
Cfx Looking Good For Short Term Seems Like getting ready for Another Bullish Impulse Forming Falling Wedge In h8 Timeframe incase Of breakout Expecting Another 60 to 65% bullish wave
CFXUSDTit's time to rest in peace. As you can see, CFX has formed a downward trend. A double top and the formation of lower pivots.The breaking of the trend line can be the trigger for the beginning of the fall. But don't forget that CFX is known as Ethereum Asia in Asia
Conflux Network (CFX) formed a bullish Gartley upto 23% pumpHi dear friends, hope you are well and welcome to the new trade setup of Conflux Network (CFX) token with US Dollar pair.
Our last successful trade of CFX was as below:
Now a daily time frame, CFX has formed a bullish Gartley pattern for the next price reversal.
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
CFXUSD ❕ broke up the trend lineRSI is moving in the bullish zone.
The chart has fixed above 50EMA on the 4H TF.
The price of the asset will continue to rise after overcoming the resistance.
CFX - At SupportCFX at bottom of the channel after upward momentum
Long opportunity to mid-0.06 but high risk the market steps down another leg, pulling CFX down to 0.021 range.
Best, HF
CFX, new round to the upside on queueCFX is preparing for a new round to the upside based on hourly data. It is now consolidating at strong order block levels at 0.36 area.
A reverse to the upside may come anytime now. Expect a revisit of the last peak at .44 area -- and a possible breakout off it.
spotted at .370
TAYOR.
Conflux Network (CFX) formed a bullish Gartley upto 32.50% pumpHi dear members , hope you are well and welcome to the new trade setup of Conflux Network (CFX) token with BTC pair.
Previously we caught more than 22% pump of CFX as below:
Now On a daily time frame, CFX has formed a bullish Gartley move for another price reversal.
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
CFX, another round to the upside in order...CFX just touched hourly order block support at 0.37.
A reverse to the upside maybe expected from hereon.
Spotted at 0.37
Initial Target 0.44 (and a breakout of last peak is possible)
TAYOR.
CFX : TREND VIEWCFX following still the increased line, we will follow this coin to see if it's able to confirm coming time above $0,46
CFXUSD ❕ broke up the trend lineBinance announced a partnership with CFX.
The token is trading above liquidity.
I think the price could resume rising if it holds support.
