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CFXUSDT trade ideas

CFX Big Bullish TriangleThe asset is in a global uptrend. After trying to update the minimums, the seller showed a decrease in forces, which is visible on the volumes. At the same time, the buyer puts more effort into changing the trend to an upward one, which is also evident from the volumes and the breakdown of the downward structure. Plus, there was an overrun of liquidity for half a loy. Against this background, a cascade was formed for a long breakdown with two touches, I will wait for the third one for the breakdown. I plan to enter the transaction when approaching the drop, protorgvok in its area and an impulse breakdown up due to the triggering of stop orders and purchases in the market of market participants.
Long
by CScalp_EN
CFXUSDT: IS bull trap happen?Disclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
by TraderBibres2003
1
Conflux Altcoin CFXUSDT 4Hour Chart Analysis April 9, 2023BINANCE:CFXUSDT According to the 4-hour chart, the bears are attempting to prevent the price from going above the 20-EMA. This may cause the pair to fall to the 200-SMA, which is likely to provide significant support. If the price bounces back from this level, the bulls will attempt to push the price to the downtrend line, which is the critical level to monitor. If this level is breached, it would signify that the bulls have regained their momentum. Alternatively, if the $0.30 support is breached and closed below, it could trigger more selling pressure and bring the price down to $0.25. Let me know what you think! Follow me for more TA!
by TradeViewDemiGod
Conflux Altcoin CFXUSDT Daily Chart Analysis April 9, 2023BINANCE:CFXUSDT Conflux (CFX) has been experiencing a corrective phase lately, but the bulls are currently defending the 20-day EMA ($0.36), which is a minor positive. If the price rebounds from the current level, the CFX/USDT pair could aim to reach the downtrend line, which is a crucial level for the bears to protect. A break above this level could lead to a potential rally to $0.44 and $0.49. However, if the price drops and remains below the 20-day EMA, it could indicate that the bulls are abandoning their positions, leading to more selling. This could push the price towards the next support at $0.30, which the bulls are likely to view as a buying opportunity. Let me know what you think! Follow me for more TA!
by TradeViewDemiGod
Shall CFX go up or down?CFX price action has formed a PENNANT pattern! So what's next? CFX price is facing resistance at 0.4000 level if price break the upper Trendline and 0.4000 level then price may test 0.4500 level and could break to 0.5000 or 0.5500 and if price break downward then we may see price to test 0.2800 level and again starts moving upward cause you can see that on daily time frame I've made two Thick trendlines which shows an uptrend. My Opinion According to my point of view price may break lower trend line and test 0.2800 and starts moving upward Why?? Here's the reasons 1: On daily time volume is decreasing which shows lack of interest and fear! Cuz price has already moved up significantly and a correction is needed to continue the uptrend 2: RSI value is between 60 and 50 So, I think it should fall below 50 3: If price break lower Trendline of pennant then price has legs and rooms to move down 4: 100 MA is also moving towards 0.2800 level another factor which is making it a support level and is ready to be tested 5: According to fib retracement tool 0.2800 level is also falling at 0.618 level of fib which is an important level of this tool Here's my opinion!!!
by Sam786098