CFX
#CFX/USDT#CFX
The price is moving in a descending channel on the 4-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.1242
We have an upward trend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1485
First target 0.1621
Second target 0.1770
Third target 0.1955
#CFX (SPOT) entry range(0.1200- 0.1600) T.(0.4630) SL(0.1181)BINANCE:CFXUSDT
entry range (0.1200- 0.1600)
Target1 (0.2230) - Target2 (0.3330) - Target3 (0.3900) - Target4 (0.4630)
SL .1D close below (0.1181)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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Is #CFX’s Breakout Just a False Alarm or a Major Move is Ahead?Yello Paradisers! is #CFXUSDT Ready for another massive rally or not? Let's discuss the latest analysis of #Conflux and see what's happening:
💎After grinding for 4-5 months in a tough downtrend, #CFX has finally broken out of its descending channel, fueled by a solid push off the major support at $0.130-$0.138. But don’t get too comfortable because a retest of this support zone could be on the horizon.
💎For this rally to gather real momentum, #CFX must clear the minor resistance at $0.226. If the bulls manage to push past this key level, we could see a stronger surge toward the next major resistance, powered by increasing volume and support from the 20EMA—clear signs that the bulls may finally be taking charge.
💎If the momentum stalls, be prepared for a pullback. A retest of the breakout zone or the major support at $0.130-$0.138 is possible. If this support doesn’t hold, expect a drop toward the lower demand zone at $0.113.
💎A break below $0.113 would shift the control back to the bears, likely leading to a deeper correction and dashing hopes for a bullish recovery in the near term. Stay vigilant, Paradisers—trading at these levels demands caution and a strategic approach.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
CFX PUMPTOBER [Wyckoff Accumulation]It is Uptober and great set ups are still keep to great trades
LSE: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
Conflux CFX price at a critical point, what's next?Let's start with conservative assumptions about which project could receive some of the liquidity that has been actively poured into Chinese markets in the hundreds of billions of dollars to revitalize the economy.
#Conflux is the only public blockchain in China that meets regulatory requirements and is “approved” by the Chinese government.
CRYPTOCAP:CFX has been working with global brands and government agencies in the region on blockchain and meta-network initiatives, including the city of Shanghai, McDonald's China, and Oreos China Telecom.
If we look at the chart of OKX:CFXUSDT , we can see that the price is now at a critical point. To confirm the strength, we need to see a confident consolidation above $0.19
And then, a weak wave of growth can last up to $0.32, and a powerful one can last at least up to $0.67
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CFX ROADMAP (1D)From where we put the red arrow on the chart, it looks like CFX is forming a big triangle, and we are now in the middle of wave D of this triangle.
Wave D looks like a diamond diametric. It seems that we are in the middle of the F wave of this diametric.
It can move from the red box to the green box.
We are looking for sell/short positions in the supply range.
We are looking for buy/long positions in the green range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CONFLUX (A Possible Bullish Scenario)CFX made unfortunately a fake break out back in Mar 2024.
The best possible bullish scenario rn imo would be a fake break of Oct 2023.
Passing $0.165 is cancelation of the idea because it would be very bullish for cfx
$0.075 would be a good entry due to the Fibonacci cluster around $0.070 : $0.075
Breaking $0.048 is the first invalidation.
Breaking $0.022 is the final invalidation.
CFX → a possible movehello guys.
let's analysis $BINANCE:CFXUSDT!
1. Consolidation Phase:
The price has been moving sideways, trapped between two key levels: a support zone around $0.1230 and a resistance zone around $0.1465.
This consolidation is marked by the yellow rectangles, indicating areas where the price has found significant support and resistance.
2. Resistance Zone:
The resistance level at $0.1465 is critical. During the recent consolidation phase, the price has struggled to break above this level.
If the price can break through this resistance, it would signal a potential shift from the consolidation phase to an upward trend.
3. Bullish Scenario:
Upon breaking the resistance at $0.1465, the price will likely target the next resistance level at $0.1707.
This move would represent a continuation of the bullish trend from the current support level and could signify renewed buying interest.
4. Support Zone:
The support around $0.1230 is strong, with the price rebounding from this level multiple times.
If the price falls below this support, it could indicate a bearish scenario, leading to further declines.
Summary
Consolidation Phase: Price is moving sideways between $0.1230 (support) and $0.1465 (resistance).
Key Resistance: $0.1465 is the crucial resistance level to watch for a potential bullish breakout.
Bullish Scenario: Break above $0.1465 could lead towards $0.1707.
Support Zone: $0.1230 is the key support level; a break below could lead to further declines.
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#CFX/USDT#CFX
The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 0.1260
We have a downtrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports the rise
Entry price 0.1340
First target 0.1420
Second target 0.1500
Third target 0.1580
Comprehensive Analysis of CFX✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the CFX coin in the crypto market.
🗂 About the Project: CFX, or Conflux, is a decentralized platform designed to facilitate the creation of decentralized applications and to support large-scale commercial use. Known for its unique Tree-Graph consensus algorithm, it aims to provide high throughput and low latency for blockchain transactions, making it a popular choice among developers.
📅 Weekly Timeframe Analysis
In this timeframe, CFX has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, CFX is at a support level of 0.1081 after a correction phase.
📈 If CFX stabilizes above 0.2336, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.5155. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if CFX falls back into the range between 0.1081 and 0.2336, and stabilizes below 0.1081, it indicates a bearish trend continuation. The next critical support level would be around 0.0539.
In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
📅 Daily Timeframe Analysis
On the daily chart, CFX ranged around the 0.1955 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.1421.
🧲 Given the current setup, a stabilization below 0.1421 could signal another bearish wave.
On the flip side, if the price moves above 0.1955, it could indicate the start of a bullish trend, targeting higher resistance levels.
📅 4-Hour Timeframe Analysis
In the 4-hour timeframe, CFX has pulled back to the SMA99 and reached the resistance at 0.1976. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📈 For short positions, the key levels to watch are 0.1976 and 0.2611, where price reactions could provide better entry points.
📉 For long positions, critical levels are 0.1421 and 0.1081.
📊 RSI Oscillator
The RSI is currently ranging between 44.24 and 55.86 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
$CFX loadingAn inverse head and shoulders is a chart pattern used in technical analysis to identify potential bullish reversals in a downtrend. It consists of three parts: two shoulders and a head in between them. Here’s how you can trade the inverse head and shoulders pattern:
### Identification
1. **Left Shoulder**: The price declines to a new low, then rises.
2. **Head**: The price declines again, forming a lower low than the left shoulder, then rises.
3. **Right Shoulder**: The price declines once more, but not as low as the head, then rises.
4. **Neckline**: Draw a line connecting the peaks between the left shoulder, head, and right shoulder. This line is called the neckline.
### Trading Steps
1. **Confirmation**:
- The pattern is confirmed when the price breaks above the neckline. Wait for a close above the neckline to confirm the breakout.
2. **Entry**:
- Enter a long position (buy) once the price closes above the neckline. Conservative traders might wait for a retest of the neckline as support.
3. **Stop Loss**:
- Place a stop loss below the lowest point of the right shoulder to minimize risk.
4. **Target Price**:
- Measure the distance from the head to the neckline. Add this distance to the breakout point to set your target price.
### Example
1. **Identification**: Suppose the price forms the left shoulder at $40, drops to $30 to form the head, rises back to $35, then drops to $32 to form the right shoulder, and the peaks between these are at $35 and $34.
2. **Neckline**: Draw a line connecting $35 and $34. This is your neckline.
3. **Confirmation**: Wait for the price to break above the neckline (say at $34.50).
4. **Entry**: Enter a long position at $34.50.
5. **Stop Loss**: Place a stop loss slightly below $32 (the right shoulder low), e.g., at $31.50.
6. **Target Price**: The distance from the head ($30) to the neckline ($34) is $4. Add this to the breakout point ($34.50) to get a target price of $38.50.
### Tips
- **Volume**: Look for increasing volume on the breakout above the neckline. This adds confirmation to the pattern.
- **Risk Management**: Always use stop losses and consider your risk-reward ratio before entering a trade.
- **Retests**: Sometimes, the price might retest the neckline after breaking out. This can be an additional entry point.
### Conclusion
Trading the inverse head and shoulders pattern involves identifying the pattern, waiting for confirmation, entering at the right point, and managing risk with stop losses and profit targets. Always practice with paper trading or a demo account before using real money.
CFX Technical Analysis: Potential for a 3X gain.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
CFX/USDT is showing a promising setup on the 3-day chart, with strong support around $0.103 and significant resistance at $0.55.
The price has recently bounced off the support level and is currently hovering near the EMA ($0.1796), indicating a potential upward movement.
Key Levels:
- Current Price: $0.174.
- Primary Resistance: $0.1796.
- Higher Resistance: $0.55.
- Support: $0.103 to $0.124.
DYOR, NFA.
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CFXUSD Buy after it breaks above the 1D MA100.It's been too long since we last analyzed Conflux (CFXUSD) and on that analysis (January 26, see chart below) we got a clear bullish break-out signal that easily hit our 0.4000 Target:
The price has since entered a brutal sell-off below the 1D MA50 (blue trend-line) and the pattern that stands out the most is a Channel Up. The decline hasn't yet reached the bottom of that pattern, but it is getting close. Last time it completed approximately a -80% decline.
The signal to buy was given when the 1D RSI made a Triple Bottom below the 30.00 oversold barrier and was confirmed when the price broke above the 1D MA100 (green trend-line). We are waiting for that signal to buy and target 0.55000 (just below the Resistance and previous Higher High of the Channel Up).
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CFX explanationCFX update! I am holding it.
We took a CFX trade back then; it gave 50-55% profit on spot with its first target being hit. Then we bought CFX at $0.28 for mid-term on spot without a stop-loss. I expect it to run along with APT when APT will pump. Holding it tight.
It will have its day.
CFX Long Trade SetupCurrent Situation:
Price Level: CFX has broken the 50-day Moving Average (MA) and the daily downtrend, showing potential for a bullish move.
China Narrative: Based on recent positive news related to China, there might be a pump affecting Chinese tokens, including CFX.
Trade Strategy:
Entry Point: Enter a long position at the current price or within the range of $0.223 to $0.227.
Take Profit Targets:
First Target: $0.242
Second Target: $0.258
Stop Loss: Set a stop loss at a candle close below $0.22 to manage risk.
Summary:
CFX has shown signs of turning bullish after breaking key technical levels and could benefit from the recent positive China-related news. The trade strategy involves entering at the current price or slightly below, with profit targets set at $0.242 and $0.258. The stop loss is set to trigger on a candle close below $0.22 to minimize potential losses.
CFX looks bullishThe price compression is seen on the support.
We have a bullish iCH on the chart.
The trigger line is broken.
By maintaining the demands, it can move towards the targets.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CFX, a SLEEPING TIGER about to be AWAKEN -- soon!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.