✴️ Conflux Keeps Growing After 2,144%?
One of the Altcoins that did best in the initial 2023 bullish breakout was Conflux and this is clearly seen by the numbers on the screen.
The wave that started in late December 2022/early January 2023 peaked mid-March at an astonishing 2,144%.
As it is normal, a long correction phase followed this massive wave.
✔️ CFXUSDT dropped from mid March through 12-May, when a hammer candlestick showed up.
We know the hammer to be a strong reversal signal when it comes at the end of a correction.
The hammer cannot work by itself and we look/wait for confirmation which is coming in today.
✔️ CFXUSDT is moving above EMA10, EMA21 and EMA50 with a strong 55.5 RSI.
This type of action can lead to additional growth and for this pair to hit a new high.
Analysis valid as long as the current price remains above the 12-May wick low.
Remember to follow me if you enjoy the content.
Thanks a lot for your continued support.
Namaste.
The wave that started in late December 2022/early January 2023 peaked mid-March at an astonishing 2,144%.
As it is normal, a long correction phase followed this massive wave.
✔️ CFXUSDT dropped from mid March through 12-May, when a hammer candlestick showed up.
We know the hammer to be a strong reversal signal when it comes at the end of a correction.
The hammer cannot work by itself and we look/wait for confirmation which is coming in today.
✔️ CFXUSDT is moving above EMA10, EMA21 and EMA50 with a strong 55.5 RSI.
This type of action can lead to additional growth and for this pair to hit a new high.
Analysis valid as long as the current price remains above the 12-May wick low.
Remember to follow me if you enjoy the content.
Thanks a lot for your continued support.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
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.