CFX PUMPTOBER [Wyckoff Accumulation]
It is Uptober and great set ups are still keep to great trades
CFX has recently shown bullish momentum, breaking out from a classic Wyckoff Accumulation pattern. In this setup, the price consolidates at a bottom range before breaking out, indicating a potential shift from accumulation to markup phase, where stronger demand starts driving prices higher.
Understanding the Wyckoff Bottom Theory:
The Wyckoff Accumulation theory describes how "smart money" accumulates assets at a lower price range before pushing the market higher. The process involves several phases:
Phase A – Stopping the downtrend, as supply decreases and demand begins to stabilize.
Phase B – Building a cause: Accumulation continues as large investors absorb supply, creating a range.
Phase C – Spring: A potential shakeout to trap remaining weak hands.
Phase D – Demand outweighs supply, leading to a breakout as volume increases.
Phase E – Markup: The asset moves upward in a sustained bullish trend.
With CFX breaking above resistance levels from this accumulation zone, it could signify the start of a strong upward trend, supported by growing volume and market sentiment. Keep an eye on how the market responds for further confirmation
CFX has recently shown bullish momentum, breaking out from a classic Wyckoff Accumulation pattern. In this setup, the price consolidates at a bottom range before breaking out, indicating a potential shift from accumulation to markup phase, where stronger demand starts driving prices higher.Understanding the Wyckoff Bottom Theory:
The Wyckoff Accumulation theory describes how "smart money" accumulates assets at a lower price range before pushing the market higher. The process involves several phases:
Phase A – Stopping the downtrend, as supply decreases and demand begins to stabilize.
Phase B – Building a cause: Accumulation continues as large investors absorb supply, creating a range.
Phase C – Spring: A potential shakeout to trap remaining weak hands.
Phase D – Demand outweighs supply, leading to a breakout as volume increases.
Phase E – Markup: The asset moves upward in a sustained bullish trend.
With CFX breaking above resistance levels from this accumulation zone, it could signify the start of a strong upward trend, supported by growing volume and market sentiment. Keep an eye on how the market responds for further confirmation
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