CFX registered significant net buying this past few days. Volume surging with the recent good news about DWF Labs acquiring more CFX tokens believing in the coin's fundamental growth.
On Daily data, Histogram has recorded another higher lows conveying that buyers are cementing the current range as the new base for the incoming price valuation. Pricewise, new higher lows was created as well. On WEEKLY, a shifting priceline is also noticeable depicting initial stage of a trend reversal.
Bubble up volume (bottom indicator) has reappeared many times the last 3 weeks -- suggesting active ACCUMULATION and net positioning.
Expect some significant bounce from the present price level.
Spotted at 0.2000
TAYOR
Safeguard capital always.
On Daily data, Histogram has recorded another higher lows conveying that buyers are cementing the current range as the new base for the incoming price valuation. Pricewise, new higher lows was created as well. On WEEKLY, a shifting priceline is also noticeable depicting initial stage of a trend reversal.
Bubble up volume (bottom indicator) has reappeared many times the last 3 weeks -- suggesting active ACCUMULATION and net positioning.
Expect some significant bounce from the present price level.
Spotted at 0.2000
TAYOR
Safeguard capital always.
Trade active
some news reference: NEWSBTCConflux (CFX) has had a positive run so far in 2023, placing itself amongst the best-performing altcoins in the first half of the year. However, the “Chinese Ethereum” has been trading in the red in the past few days. According to data from CoinGecko, CFX lost nearly 16% of its value in the past week.
DWF Labs Acquires $18 Million Worth Of CFX Tokens
This CFX price fall comes despite the acquisition made by DWF Labs in the past week. On Wednesday, June 28, the Conflux network announced that the multi-stage Web3 investment firm purchased $18 million worth of its token.
This latest investment is a follow-up to the initial $10 million purchase of CFX tokens in March. It is understood to be a demonstration of DWF Labs’ commitment to “supporting the growth of Conflux”.
In a tweet, the head of DWF labs, Andrei Grachev, emphasized how the network is an excellent technology and his firm’s willingness to increase its CFX holdings.
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MACRO VIEW: DAILY DATAFresh signs are up!
KEY NOTES:
DAILY DOUBLE BOTTOM.
HIGHER LOWS formation
Significant net buy / accumulation
Strong major order block support bounce.
1.0 FIB level - beyond bargain discount.
I'm expecting a 'break' in structure soon.
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The 'obvious' tell tell signs are flashing on this one.SEED.
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Classic moves before pump: DAILY DATA.spotted at 0.2090
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4H UPDATE:Thinning movements, the frequency of a possible surge is getting higher!
Spotted at 0.1870
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HOLD. HOLD. HOLD.Trade active
We got a DAILY BREAKOUT.Trade active
Something is telling me -- this ripe for a sudden ascend.weekly chart is hinting already.
Note
spotted 0.1850Trade active
GETTING RIPER by the day.Trade active
It's coming... 0.17 levels will be forgotten soon.Trade active
this is very sensitive to pump, frequency getting higher... 0.1787 price as of this posting.
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TIME TO GET READY. CFX's SEASON is UP.DAILY descending trendline break since April 2023.
Ascend volatility is picking up.
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WEEKLY DATA UPDATE.SHORTERS WEIGHT is OUT already.
Light as a feather now -- FLIGHT in sight.
TAYOR.
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Moving past 0.18 now...Trade active
A breakout it is.This is barely scratching the surface -- expect more significant ascend from the current price range. we're now at 0.19
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0.2 will come sooner than expected based on recent movements.Trade active
CFX is currently on accumulation phase.RR on this one is a no brainer -- to irresistible to be missed.
Spotted at 0.1200
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1st weekly 'solid' net buy candle appear.Trade active
Pump sensitivity alert on this one. It touched 13 again, looks like it found its strong support.
A generous bounce is expected.
TAYOR.
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No more doubts on this one. It's gathering energy for the elusive surge soon.TAYOR.
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New heights sighted on this one soon.Weekly shift has been signaled. Same signal dna before the 0.40 surge last January.
Get ready.
TAYOR.
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Moving as planned. Seed while it's still calmer.Trade active
Price movements are firming up, ascend journey is almost certain.Trade active
The flight plan is ready for this. No more 'blue-BEAR" bar volume. Bulls will take over now.Spotted at 0.125
TAYOR.
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We've passed 0.13.Two words to remember. DON'T DOUBT. It's coming sooner than expected.
TAYOR.
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Weekly data is looking good. This may target x2/x3 by end of year or Q12024.TAYOR.
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Daily bend spotted. Ascend next.TAYOR.
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Daily data update:After the market breakdown yesterday, CFX remained firm on its range.
Daily data is conveying a price shift -- with an A1 setup score in my opinion.
TAYOR.
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Be patient. We're almost there. Reference: Daily data: Spotted at 0.1150
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New attempt by CFX based on 4H data. Let's see if this succeeds.If it breaks the green line above, a confirmed reversal will be in play.
spotted at 0.10
TAYOR.
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About to kiss the trendline resistance -- strong momentum may surface from here on.Trade active
Welcome back 0.11.Trade active
looking good so far for CFX.Trade active
Weekly is showing signs of significant net accumulation.Momentum is building up.
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BREAKOUT.Congrats 'patient' holders. :)
All worth it.
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What a rise.Trade active
ON SALE again. Discount will be limited time only. :)+
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Daily data update:CFX looking to continue upside with targets to .18-0.20 range on its next runup.
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4h data update:CFX is eyeing 0.19 -- high possibility.
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moving as planned. keen on its target: 0.19Trade active
Target hit plus more.Congrats holders.
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CFX preppin for 0.25Trade active
The squeeze on this one after consolidation will be very very strong.Trade active
0.25 BOUND.Trade active
cfx is ranging ascendingly and a short squeeze may be incoming.Trade active
BIG ALERT.About to touch the heatzone area. Big upside move prospect about to commenced.
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currently eyeing 0.25 levels.Trade active
This moved as expected based on our last post targeting 0.25. A breakout of that zone would mean more significant rise forthcoming.Trade active
CFX has the most generous set of surges which can be taken advantage of.We are at the reset base again for the next 20% runup.
TAYOR.
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Consistently up.Trade active
There ya go, the first set of jump. More to come.Trade active
Based on recent price behavior, this is strongly eyeing an X2 target - back to previous peak at 0.50 soon.Trade active
SEED on this one now.Trade active
Daily data update:0.20 seems to be a very strong psychological support now.
The probability of a good ascend from the current range is very high.
TAYOR.
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STRONG BUY.The diagram below is self-explanatory.
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REITERATION ALERT: STRONG BUY!This is aiming for 0.50 again.
Spotted at 0.22
TAYOR.
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CFX is conveying the most beautiful A++ setup now en route to 0.50.TAYOR.
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GORGEOUS SETUP for CFX, targeting X3 to 0.60 soon.TAYOR.
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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.
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.