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CFX

SFXUSDT 🟢🚀 Premium Crypto Signal Alert! 📈 🔔 Signal: BUY Asset: SFXUSDT 📈 Technical Analysis: The SFXUSDT pair has generated a compelling BUY signal as it witnessed a significant weekly price cross-up, surpassing a strong resistance level and closing above it. This breakthrough has transformed the previous resistance into a robust support, indicating a bullish trend. The price trigger for the uptrend has set the stage for potential gains. 📊 Trade Details: Entry Point: ≈0.19 Target 1: $0.32 Target 2: $0.48 Target 3: $0.78 📈 Trade Analysis: The weekly price cross-up, overcoming a strong resistance, and establishing it as solid support suggest a strong bullish sentiment for SFXUSDT. The trigger for the uptrend indicates the potential for substantial gains. Targets of $0.32, $0.48, and $0.78 present attractive profit opportunities as the bullish momentum unfolds. 💡 Risk Management: - Only use 5% of your capital for this trade to mitigate risks. - Avoid going ALL IN on trades, even if you're confident they will succeed. - Do not invest your full capital; it's important to diversify and manage risk exposure. - Consider setting a stop-loss at an appropriate level to protect your investment by regularly monitoring and adjusting levels as needed. - Successful trading requires patience. Allow the trade to develop and avoid impulsive decisions. 🔄 Additional Buy Zone: - Be prepared to identify and utilize another buy zone if market conditions require it. Flexibility is key in adapting to changing trends. ⚠️ Spot Trading vs. Futures: - Spot trading is a safer and more controlled approach, allowing for better risk management compared to the higher volatility and speculative nature of futures trading. - Exercise caution and consider the potential risks associated with leveraged instruments. 🚨 Disclaimer: Trading involves risks, and past performance does not guarantee future results. Exercise caution and conduct your research before making any financial decisions.
Long
by obeiibra
CFX / USDT Price Analysis (4h)Conflux ( BINANCE:CFXUSDT ) presents an aesthetically compelling chart characterized by the formation of a symmetrical triangle , strategically positioned in a key zone, poised for an imminent breakout. The symmetrical triangle pattern signifies a period of consolidation and uncertainty, with the convergence of higher lows and lower highs suggesting an impending price movement. Anticipating a bullish scenario , a potential breakout from the triangle could propel Conflux towards favorable targets, ranging between $0.22 and $0.26. This optimistic outlook reflects the market's inclination to embrace upward momentum, guided by positive sentiment and buying interest. Conversely, in the event of a bearish breakdown , vigilant analysis directs attention towards critical support levels in the range of $0.17 to $0.14 . These levels serve as potential buffers against downward pressures, representing essential zones where market participants may find renewed interest in accumulating positions. In essence, Conflux's chart dynamics, encapsulated within the symmetrical triangle, offer a captivating narrative of potential price movement.
by Vestinda
Still Long on CFX?....So the market has seen a wild and violent correction with many assets dropping 10+% in only a few minutes. CFX was no different and seen nearly a 15% move to the down side in less than 5 minutes. As projected volatility is EXTRMELY HIGH leading to larger than expected moves to the down side. When the market pushes wildly to the upside it provides room for these kinds of massive corrections while still remaining technically bullish. Yes a 15% move to the down side is still bullish. Looking at the daily even with a 15% move to the down side, because it went up SO FAR an FAST, this 15% drop did not even manage to produce a lower low. Instead we can see it really only brought the price back to the bottom of our ascending channel and last support and resistance flip. Knowing your environment when trading is CRUCIAL especially when leverage and the risk of liquidation is involved. Wild moves to the upside create opportunities for wild moves to the downside and often times when trading futures it is very easy to close the mind to this kind of a large of a drop and simply take on too much risk. It makes since when the market is feverish to look for bigger moves to the upside. At the same time opportunity for bigger moves to the downside is just as real and risk needs to be managed completely different than a sideways market or fresh new up trend. Volatility is far higher in feverish uptrends and typically leads to mass liquidations driving price into old liquidity before rocketing back to the upside. When everybody is wrecked.....the market will move on typically leaving bodies every where as price hits their projected targets. With that said current trading plan is to take advantage of the discounted price and continue to hold to the long side for the .25-.26 area. This target is just south of the macro golden pocket and aligning with our next unbroken high. Trade Well.......
Long
by Degen-Dynasty
The two CFX targets are +44% and 117% from current values.Hey, everybody! How bullish CONFLUX looks! There are upside signals on absolutely all timeframes. On the weekly timeframe a bullish candle has formed, which absorbed all the previous weeks of consolidation and price decline. The main restraining factor for the price growth now is EMA 200, after its breakdown I expect the continuation of growth up to the area of ~$0.226 (+44%), and then the final target is 0.618 by Fibo 0.339 (+117%) from the current values. This is not financial advice, everything you do is at your own risk!
Long
by neverovv
2
CFX/USDT Ready for an Explosive Journey? CFX Analysis💎 Paradisers, take note: CFXUSDT is poised for a potential surge as it teeters on the edge of resistance, suggesting a promising climb may be on the horizon. 💎 Our scrutiny of CFX's movements reveals an attempt to break free from a descending channel, indicative of a bullish turn. Despite a recent setback at the .1782 resistance mark, the potential for an upward break, anchored by the support at .1434, is significant. 💎 On the flip side, if Conflux stumbles in its bid to breach the resistance, we foresee a bullish rebound from the .1434 support zone. 💎Yet, should it dip below this pivotal level, a bearish slide could ensue. Keep a watchful eye and strategize proactively as the situation develops. 💎Hone your trading insights for Conflux with ParadiseFamilyVIP. Dive deeper into our expert perspectives on CFX and other promising tokens, enhancing your crypto strategy.
Long
by MyCryptoParadise_Simon
CFX/USDT - Conflux Network: Trend Reversal◳◱ On the $CFX/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.1831 | 0.2104 | 0.2753 and support near 0.1182 | 0.0806 | 0.0157. Entering trades at 0.1662 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Conflux Network ▣ Rank: 78 ▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc, 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: 0.1662 ₮ ▣ 24HVol: 15,561,996.278 ₮ ▣ 24H Chng: 8.203% ▣ 7-Days Chng: 6.76% ▣ 1-Month Chng: 27.71% ▣ 3-Months Chng: -6.14% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.1831 | 0.2104 | 0.2753 ◢ Support: 0.1182 | 0.0806 | 0.0157 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.55 ▣ Last 90D: 0.07 ▣ Last 1-Y: 1.55 ▣ Last 3-Y: 0.44 ◲◰ Volatility : ▣ Last 30D: 1.37 ▣ Last 90D: 1.02 ▣ Last 1-Y: 1.94 ▣ Last 3-Y: 1.85 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.62 - Bullish ▣ In-depth CFXUSDT 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 -
by Crypto2AF
CFX CRITICAL RESISTANCE LINE AND RISING WEDGEIn this logarithmic chart of BINANCE:CFXUSDT is the near yearly resistance line of the coin. I started to assess this trendline after its pump last week and price consolidation has been observed near on the resistance. Also, sharing this rising wedge pattern below that could be a sign of rejection of the pump and reversal of the uptrend. Presented in yellow arrow line is the bearish divergence from my indicator, RSCD (RSI MACD) forming a lower high and the price forms a higher high. The diagonal support line is also presented. In my view, breakdown can happen but to the point of forming another diagonal support since there would be people who would still want to buy from the pump. But if not, I plotted the potential support lines by using Fibonacci retracement. The coin could enter a reversal but if in case it regains a momentum to breakout on the wedge. I would consider these two potential resistance lines. (1) Currently, the coin has touched the 0.5 resistance level multiple times as it tries to touch again and possibly breakout. With that, consider the 0.618 Fib level. (2) I would also consider the .382 Fib level from its higher high on the daily timeframe. Backtesting this trendline had some events of being a critical trendlines (support and resistance) of the price movement. Overall, based on the structure above, we will see BINANCE:CFXUSDT rejected past the long trendline with a rising wedge pattern on its current movement, favoring a bearish trend. Always PLAN your trades. Happy trading!
Short
by luigi360swirl
Uptrend reversal point: above 0.1350Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (CFXUSDT chart) The key is whether the price can be maintained by rising to the 0.1953-0.294 range. (1W chart) Accordingly, it is necessary to check whether support can be received by rising above 0.1350. (1D chart) If the price rises above 0.333 and holds, it is expected to create a new wave. The key is whether it can receive support around 0.1212-0.1282 and rise to around 0.1640-0.1882. Otherwise, if it shows resistance below 0.1212, it may fall to around 0.0792, so you need to think about a response plan. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
CFX Conflux - honestly, a very nice setup here, in plain sight TD13 established as current bottom on 5D Heikins. Bumping against the 3/1 Gann angle and aiming as high as the 8/1 with the superconfluence of 0.618/0.702 and Ichimoku cloud. We could be talking serious gains here, double your money. All depends on the mini-alt season brewing (or not). Still, the setup is here. Interesting to see how we absorb the EMAs and Gann angles on the way up. On the 12-hour frame we have an inverse HS formation that is also emerging in some charts currently: TRX was the precursor, now we have MANA and XRP, for example). NFA - education only
CRYPTO:CFXUSDLong
by ThinkLikeaWhaleTLAW
$CFX Performing descending broadening LSE:CFX Performing descending broadening wedge pattern Descending Broadening Wedge Pattern Explained A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines . A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the downtrend in price. Price should touch each line 2 or 3 times to be considered a valid pattern. This pattern looks like a megaphone pointing down and to the right. A descending broadening wedge is looked at as a bullish pattern as it forms but it is not validated as a buy signal until the pattern starts to make short term higher lows and higher highs and the upper resistance trend line is broken and price begins to move to the upside and above the upper trend line. As the descending broadening wedge pattern is forming trading volumes become most meaningful as the pattern breaks out above the upper trend line, this should happen on increasing volume showing that the chart is starting to go into an accumulation cycle.
Long
by Crypto-Adda_Official
CFXUSD Inside the Channel Down, not bullish yet.Conflux (CFXUSD) has been trading within a Channel Down pattern since the March 19 High. The 1D MA50 (blue trend-line) has priced all Lower Highs since May 23 but it is the 1D MA100 (green trend-line) that has been untouched since June 01. The 1D RSI is on Higher Lows against the Lower Lows of the price, waving a big Bullish Divergence. The last time we saw a similar Channel Down structure was last year in Q3 - Q4. The pattern eventually broke upwards on a parabolic rise after the price broke above the 1D MA100. Before that, the earliest signal was when the 1D RSI broke above its onw Lower Highs trend-line. As a result, we will wait for the RSI to make the first move and buy when the 1D MA100 breaks. All Fibonacci levels that follow will be targeted one by one. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:CFXUSD
by TradingShot