CFX/BTC - Conflux Network: Trend Reversal
◳◱ On the CFX/
BTC chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00000526 | 0.000006 | 0.0000072 and support near 0.00000406 | 0.0000036 | 0.0000024. Entering trades at 0.00000495 could be strategic, aiming for the next resistance level.
◰◲ General info:
▣ Name: Conflux Network
▣ Rank: 94
▣ Exchanges: Binance, Kucoin, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Conflux Network is a smart contract platform that features a Turing-complete state machine built atop a high-throughput consensus protocol. Conflux reaches an agreement on transaction validator based on the total order of blocks organized in a Tree-Graph, a novel consensus mechanism that scaling benefits relative to existing blockchains. It also uses Proof-of-Work (PoW) to supplement its Tree-Graph consensus protocol. Conflux has a native token called CFX that serves as the reward for network miners and as a means for paying transaction fees.
◰◲ Technical Metrics:
▣ Mrkt Price: 0.00000495 ₿
▣ 24HVol: 25.206 ₿
▣ 24H Chng: 10.0%
▣ 7-Days Chng: 12.51%
▣ 1-Month Chng: 6.03%
▣ 3-Months Chng: 30.72%
◲◰ Pivot Points - Levels:
◥ Resistance: 0.00000526 | 0.000006 | 0.0000072
◢ Support: 0.00000406 | 0.0000036 | 0.0000024
◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary: STRONG_BUY
◲◰ Sharpe Ratios:
▣ Last 30D: -0.73
▣ Last 90D: 1.04
▣ Last 1-Y: 1.70
▣ Last 3-Y: 0.46
◲◰ Volatility:
▣ Last 30D: 1.08
▣ Last 90D: 1.18
▣ Last 1-Y: 1.96
▣ Last 3-Y: 1.81
◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.62 - Bullish
▣ In-depth CFXBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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BTC chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00000526 | 0.000006 | 0.0000072 and support near 0.00000406 | 0.0000036 | 0.0000024. Entering trades at 0.00000495 could be strategic, aiming for the next resistance level.◰◲ General info:
▣ Name: Conflux Network
▣ Rank: 94
▣ Exchanges: Binance, Kucoin, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Conflux Network is a smart contract platform that features a Turing-complete state machine built atop a high-throughput consensus protocol. Conflux reaches an agreement on transaction validator based on the total order of blocks organized in a Tree-Graph, a novel consensus mechanism that scaling benefits relative to existing blockchains. It also uses Proof-of-Work (PoW) to supplement its Tree-Graph consensus protocol. Conflux has a native token called CFX that serves as the reward for network miners and as a means for paying transaction fees.
◰◲ Technical Metrics:
▣ Mrkt Price: 0.00000495 ₿
▣ 24HVol: 25.206 ₿
▣ 24H Chng: 10.0%
▣ 7-Days Chng: 12.51%
▣ 1-Month Chng: 6.03%
▣ 3-Months Chng: 30.72%
◲◰ Pivot Points - Levels:
◥ Resistance: 0.00000526 | 0.000006 | 0.0000072
◢ Support: 0.00000406 | 0.0000036 | 0.0000024
◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary: STRONG_BUY
◲◰ Sharpe Ratios:
▣ Last 30D: -0.73
▣ Last 90D: 1.04
▣ Last 1-Y: 1.70
▣ Last 3-Y: 0.46
◲◰ Volatility:
▣ Last 30D: 1.08
▣ Last 90D: 1.18
▣ Last 1-Y: 1.96
▣ Last 3-Y: 1.81
◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.62 - Bullish
▣ In-depth CFXBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.