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CFX / TetherUS

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CFXUSDT trade ideas

CFX Bullish Consolidation?CFX like most other assets for the past few weeks have been consolidating in what appears to be bullish triangles. Looking at the macro .50 high a 50% retrace of this is coming out at the target of our current bullish triangle for a potential 50% move to the upside. Bear in mind most crypto assets are up significantly and a large retracements to the down side are realistically due any time but still have some higher price targets possible for hand. Current Trading plan for CFX is to continue to hold long for .29-.30 area and looking for a brake to the upside from the triangle. A brake below and bearish retest of the bottom side of the triangle would be a good signal we are looking for more down side. Trade Well......
Long
by Degen-Dynasty
Conflux / Tether On the daily view of the CFX chart, the price has broken out of the previous downward correction, which could currently be considered as a potential bull flag formation. This notion might be reinforced by the ongoing trend reversal observed on the chart. Despite this upward movement possibly appearing as a correction from the previous decline, it might be worthwhile to take the risk and regard the current situation as a potential opportunity. For risk mitigation, it's advisable to place the stop-loss level below the green support zone, approximately around 0.17. The first red zone (0.22-0.23) should be observed as a resistance level, potentially indicating possible resistance. The previous peak around 0.48 can be considered as the target. It's important to note that this concept is short-term and the price can change at any moment. It's important to note that every investment, trade, or financial decision entails personal responsibility. The purpose of this information or analysis is solely to share my own views and should not be considered as financial advice. Prior to each investment, conducting individual research and thorough analysis is crucial. Risks should always be taken into account, and a personal risk management strategy should be applied considering individual financial situations and investment goals. Every investment is based on personal decisions, and the risks associated with it are the responsibility of each individual.
Long
by lonelyPython27737
CFX / USDT Price Analysis (4h)Conflux ( BINANCE:CFXUSDT ) presents an aesthetically compelling chart characterized by the formation of a symmetrical triangle , strategically positioned in a key zone, poised for an imminent breakout. The symmetrical triangle pattern signifies a period of consolidation and uncertainty, with the convergence of higher lows and lower highs suggesting an impending price movement. Anticipating a bullish scenario , a potential breakout from the triangle could propel Conflux towards favorable targets, ranging between $0.22 and $0.26. This optimistic outlook reflects the market's inclination to embrace upward momentum, guided by positive sentiment and buying interest. Conversely, in the event of a bearish breakdown , vigilant analysis directs attention towards critical support levels in the range of $0.17 to $0.14 . These levels serve as potential buffers against downward pressures, representing essential zones where market participants may find renewed interest in accumulating positions. In essence, Conflux's chart dynamics, encapsulated within the symmetrical triangle, offer a captivating narrative of potential price movement.
by Vestinda
📊#CFX potential cup-handle structure, worthy of attention👀🧠We can see from the chart that the upward trend is good, and the daily level correction has been completed, and the response to hitting fib0.5 and the buy zone has been good. If we continue to break above the bearish defense, a bullish cup-and-handle structure is established, so we can shoot for the moon with this structure as support. 🚀🚀🚀🌕 Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
"CFX/USDT Long Trade Setup: Bullish Flag Breakout and Retest foTrade Setup for CFX/USDT: Long Position Analysis: CFX has broken out of a bullish flag pattern, indicating a potential upward trend. The current price (CMP) serves as the entry point. The breakout is being retested, suggesting a potential confirmation of the bullish move. Entry Point: Current Market Price (CMP) Additional Positions: Consider adding more if the price drops to $0.181 Targets: $0.1945 $0.205 $0.213 $0.229 $0.25 Stop Loss (SL): Set the Stop Loss at $0.174 to limit potential losses. Leverage: Use leverage cautiously: 5x to 10x. DYOR #Crypto #trade
Long
by CRYPTOMOJO_TA
Still Long on CFX?....So the market has seen a wild and violent correction with many assets dropping 10+% in only a few minutes. CFX was no different and seen nearly a 15% move to the down side in less than 5 minutes. As projected volatility is EXTRMELY HIGH leading to larger than expected moves to the down side. When the market pushes wildly to the upside it provides room for these kinds of massive corrections while still remaining technically bullish. Yes a 15% move to the down side is still bullish. Looking at the daily even with a 15% move to the down side, because it went up SO FAR an FAST, this 15% drop did not even manage to produce a lower low. Instead we can see it really only brought the price back to the bottom of our ascending channel and last support and resistance flip. Knowing your environment when trading is CRUCIAL especially when leverage and the risk of liquidation is involved. Wild moves to the upside create opportunities for wild moves to the downside and often times when trading futures it is very easy to close the mind to this kind of a large of a drop and simply take on too much risk. It makes since when the market is feverish to look for bigger moves to the upside. At the same time opportunity for bigger moves to the downside is just as real and risk needs to be managed completely different than a sideways market or fresh new up trend. Volatility is far higher in feverish uptrends and typically leads to mass liquidations driving price into old liquidity before rocketing back to the upside. When everybody is wrecked.....the market will move on typically leaving bodies every where as price hits their projected targets. With that said current trading plan is to take advantage of the discounted price and continue to hold to the long side for the .25-.26 area. This target is just south of the macro golden pocket and aligning with our next unbroken high. Trade Well.......
Long
by Degen-Dynasty
The two CFX targets are +44% and 117% from current values.Hey, everybody! How bullish CONFLUX looks! There are upside signals on absolutely all timeframes. On the weekly timeframe a bullish candle has formed, which absorbed all the previous weeks of consolidation and price decline. The main restraining factor for the price growth now is EMA 200, after its breakdown I expect the continuation of growth up to the area of ~$0.226 (+44%), and then the final target is 0.618 by Fibo 0.339 (+117%) from the current values. This is not financial advice, everything you do is at your own risk!
Long
by neverovv
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