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CFX

CFX - 🚩 Flying High: Unveiling the Bullish Flag Formation 📈🚀On the weekly chart, CFX displays a promising bull flag formation. In the long term, it resembles a head and shoulders pattern around 0.09, with a favorable risk-reward profile. There are two resistance ladders on KDJ and Fisher indicators that need to be surpassed. The projected path is shown in black. The bull flag setup remains intact, even potentially retracing to the 0.07c area. PS Notice the green highlights on indicators.
Long
by PIKandExmoStudy
Nice Breakout 🐼- Triple confirmation ☑️☑️☑️CFX (Conflux) has performed well today with an impressive breakout. It comes with 3 confirmations: ☑️Price broke higher over the wedge, ☑️Managed to jump over Professor's EMA, ☑️Overcame the technical obstacle of Fib Resistance The news are also very promising: Conflux partners with World Mobile as WMT token bridges outside of Cardano A new partnership between Conflux Network (CFX), China’s first regulatory-compliant public blockchain, and World Mobile, a global mobile network based on blockchain, aims to expand blockchain-based mobile access. The collaboration follows the successful launch of Conflux’s BSIM, which saw its CFX token surge over 100%. It focuses initially on four key strategic areas: Public bridging, tech integration, Asian and African market expansion, and blockchain-based SIM card development, according to documents seen by CryptoSlate, Partnership goals and focus. Public bridging will involve World Mobile Token (WMT) transitioning from the Cardano blockchain to the Conflux blockchain ecosystem, marking the first bridge for the mobile network’s native token outside the Cardano ecosystem. The focus on tech integrations will see Conflux and World Mobile working together to integrate the Conflux network into World Mobile’s sidechain, AyA, thus bringing EarthNode capabilities and financial settlement to the Conflux network. Further, the partnership will look to the Asian and African markets, leveraging their strengths to increase connectivity, drive user acquisition, and further market penetration. Conflux’s CFX ranks among Nigeria’s top three most popular cryptocurrencies, a significant development since Nigeria accounts for nearly 67% of crypto interest in Africa. The final prong of the strategy regards blockchain-based SIM card development, where the partners will investigate how World Mobile can optimally utilize Conflux’s blockchain-based SIM card to increase digital connectivity access worldwide. YuanJie Zhang, Co-Founder of Conflux, emphasized the importance of global partnerships in pushing the boundaries of Web3 adoption. “Conflux Network takes its mission to push the frontier of Web3 adoption at a low cost, with fast speed and decentralized security, very seriously,” Zhang said. Looking GOOD! One Love, The FXPROFESSOR 👋 ps. 🥟 Conflux Network (CFX) is China’s first regulatory-compliant public blockchain 🐼
Long
by FX_Professor
1
CFX: Break(fake)out zone?Friends, I've been asked to give a comment on the BINANCE:CFXUSDT chart, so here is my take on it. I've made both: Wave analysis, that shows we're actually near entering into the last zone of purchases for the long term And analysed this descending wedge with the possible breakout (You can totally see most of coins are in the same position). I suggest you to look closely, if we will break it out, we will make the last wave with the upmove within the descending area, then - provide the last correction to the bottom zone, which, by that time, will connect with the old trendline resistance and the new support, and from there we will enter the long and boring accumulation zone. Few words. Nowadays most of the Alts' charts feel pretty much the same. Descending Wedges/triangles are everywhere. And this is the good time to trade those breakouts/fakeouts. Cause after that, the real boring market will come into place. And it may take another year to reaccumulate everything and to shakeout The Last Samurais. The bottom zone is near, however we're still not there. 👁️ A.I.Vision
by A_I_Vision
2
CFXUSDT BULLFLAG BREAKOUTHello Tradingview friends! Make sure to LIKE and FOLLOW for more chart ideas! Today i am bringing you my view on CFXUSDT and the bull flag i believe CFXUSDT has formed and is showing signs of strength and a potential breakout! What does bull flag mean? A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag. Thanks. Liquidmex
Long
by SolStackz
CFXUSD Double bottomed and is looking for +45% rally.Conflux (CFXUSD) made a low two days ago on the 0.1725 Support and along with the June 15 Low, makes so far a Double Bottom formation. It is no surprise then to see the price on a strong 1D candle today, headed towards the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line). The pattern since the March 19 High is a Channel Down, so if the Double Bottom breaks, we will sell and target a new Lower Low at 0.1000. Until it does though, the Double Bottom is a formation capable of breaking above the Channel Down, so we will take a long on the current price and target the 0.382 Fibonacci retracement level from the top (0.29000) which is the bottom of the High Volatility Zone (and now Resistance Zone) of the 0.5 - 0.382 Fib range. That move represents a +45% rise from the current value. Beyond that, we will buy only if the price breaks above the 0.618 Fib and target the March 19 High at 0.488000. Notice the 1D RSI, which is completing an Inverse Head and Shoulders pattern, a typical bullish reversal formation. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:CFXUSDLong
by TradingShot
2
Probable long analysis and signal for CFX cryptoProbable long analysis and signal for CFX crypto In the two-hour time frame, at the bottom of the chart, you can see a good over-block area. When the price reaches that area, we can enter a long position with great risk and reward. Of course, you can enter a long position from the current price. If you place a fibo on the downswing, you will see that the 50 fibo area is itself a heavy supply area, so you can set the target in the same area that I marked with a gold star. Your possible profit by entering from the first zone is about 9% without leverage Your possible profit by entering from the second zone is about 30% without leverage
Long
by mansour1978
🚀 Explosive Crypto Alert! CFXUSDT Set to Skyrocket! 💎 Breakout Alert: Paradisers, CFXUSDT is teetering on the brink of a significant trendline breakout, indicating a potential momentum shift. Keep your eyes peeled for any drastic price action as a breakout could be just around the corner. 💎 Steady Price Action: If CFXUSDT manages to shatter the trendline and maintain its upward trajectory, it would validate the robustness of the potential bullish move. Keep a close watch on the price action for confirmation. 💎 Rising Volumes: Trading volumes for CFXUSDT are climbing, signaling heightened interest and engagement from market participants. Increased volumes often accompany bullish movements, offering additional support for an upward trend. 💎 Accumulation Phase: Before a potential breakout, CFXUSDT has been in an accumulation phase, where buyers have been soaking up selling pressure. This phase suggests a sentiment shift in the market, favoring the bulls. 💎 The Bottom Line: CFXUSDT is flashing promising signs of a bullish breakout. With a looming trendline breakout, steady price action, surging volumes, and the accumulation phase, the stage is set for a potential upward move. Stay alert and be ready to capitalize on the opportunity for significant gains! Remember, Paradisers, conducting thorough research and exercising caution is crucial when making investment decisions. Happy trading!
Long
by MyCryptoParadise_Simon
1
🔥 CFX Oversold Bounce Trade: Following BTC Up!CFX has been one of the bigger winners of 2023. However, this token has been largely trading bearish ever since it topped late March. As of recently, CFX has hit daily oversold on the RSI for the first time in many months, likely causing some kind of reversal. Now that BTC is breaking out, I'm anticipating that CFX will see more gains in the near future. Target is the 2023 high, stop under this daily candle. A less risky trade would be a stop under the June 9th lows and/or a (partial) target of 0.3
Long
by FieryTrading
1
🔥 CFX First Daily Oversold In 2023 Bounce IdeaCFX has seen incredible gains in the start of the year. However, we've been largely been trading rangebound since the March top. As of today, CFX's daily RSI is on the edge of being oversold. This is the first time since half December that the RSI has hit daily oversold levels. This is significant because it has taken 6 months for it to happen, hence I'm anticipating bulls to step in. Keep in mind that we're currently in a news-related event, so volatility is to be expected. The signal will activate once the daily RSI has closed below 30.
Long
by FieryTrading
2
✳️ Conflux vs Bitcoin After A 1,367% Bullish WaveThe chart for CFXBTC looks identical to the chart for CFXUSDT. If you want more context for this analysis, start by reading the "✴️ Conflux Keeps Growing After 2,144%? " trade idea in the 'Related Ideas' below. Let's get started... This should be quick. We have a massive 1,367% bullish wave earlier this year followed by a classic correction. We saw in February two corrective waves, short length and duration. We then saw two corrective waves but long in duration... Perfect in accordance with Elliots rule of alternation. After the correction is over we can get additional growth. This is shown on the chart by 1,2 UP; 1,2 UP. This analysis stays valid, always, above the 12-May hammer low. Namaste.
Long
by AlanSantana
✴️ 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.
Long
by AlanSantana
CFX the NEO killer Opinion: In the ever-evolving landscape of digital currencies, Conflux (CFX) has been carving out its niche. This innovative cryptocurrency has been turning heads due to its unique benefits and deep-rooted connections to China and Hong Kong. The Unique Edge of CFX Cryptocurrency CFX, the proprietary token of the Conflux Network, stands out from the crowd of cryptocurrencies with several distinct advantages. Foremost among these is its ability to handle a high volume of transactions per second without sacrificing security or decentralization, as reported by CoinDesk. This scalability makes it a prime choice for developers and businesses aiming to create decentralized applications (DApps). Additionally, CFX transactions are both swift and economical. The Conflux Network employs a unique Tree-Graph consensus mechanism, which facilitates rapid transaction confirmation times and minimal fees. This makes it an attractive option for users who need to make frequent transactions. The China-CFX Connection CFX's ties to China are robust and multifaceted. The Conflux Network was established by a team of Chinese computer scientists and is the only public blockchain in China to receive state endorsement. This governmental approval gives CFX a unique standing in the Chinese cryptocurrency market and could potentially drive widespread adoption within the country. CFX has also been proactive in forging partnerships and launching initiatives within China. A case in point is their collaboration for an NFT (Non-Fungible Token) airdrop in China, as highlighted by Cointelegraph. This event was a significant milestone, demonstrating the potential of CFX and NFTs in the Chinese market. CFX's Footprint in Hong Kong CFX's influence extends beyond mainland China to Hong Kong. The Conflux Network has been actively involved in the Hong Kong blockchain community, participating in various events and initiatives. This active engagement helps to raise the profile of CFX in Hong Kong and strengthens its ties with the local blockchain community. The Potential of CFX and Its Governmental Ties The Conflux Network, powered by CFX, has a broad range of potential applications. It can be utilized to develop decentralized applications across a variety of sectors, including finance, gaming, and supply chain management. The network's scalability, speed, and low transaction fees make it an appealing platform for developers and businesses. Furthermore, CFX's relationship with the Chinese government could open up unique opportunities. The Chinese government has been actively investigating the use of blockchain technology in various sectors, as noted by South China Morning Post. As the only state-endorsed public blockchain in China, the Conflux Network could play a pivotal role in these initiatives. Strengthening Network Resilience: The Growth of CFX Miners Hashrate An important aspect of the Conflux Network's growth and resilience is the steady increase in its miners' hashrate. The hashrate, which measures the computational power of the network, has been on an upward trajectory, indicating a growing number of miners contributing to the network. This growth in hashrate is a testament to the increasing trust and commitment of miners in the Conflux Network. A higher hashrate not only signifies a more secure network but also enhances the network's resilience against potential attacks. As more miners join the network and contribute their computational power, it becomes increasingly difficult for any single entity to gain control over the network, thereby ensuring the integrity and security of the CFX blockchain. This growing resilience is a key factor in the Conflux Network's potential for long-term success and stability. Moreover, the rise in hashrate also reflects the increasing recognition of CFX's potential among miners. As the network continues to grow and evolve, it is expected to attract even more miners, further strengthening its security and resilience. This trend underscores the promising future of CFX as a robust and secure platform for decentralized applications and transactions. Conclusion CFX is a cryptocurrency with immense potential, offering unique advantages and strong ties to China and Hong Kong. Its scalability, speed, and low transaction fees make it an attractive option for users and developers. Moreover, its strong connections to the Chinese government could lead to unique opportunities and widespread adoption in China. As the world continues to embrace blockchain technology, CFX is well-positioned to play a significant role in this digital revolution. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. 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Long
by TheBitcoinGeneration
1