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CFX

CFX short term tradeHigh risk trading with uncertain market conditions, but wanted to share this possible short term paly. So what I am watching is CFX on the 1hr timeframe. There has been a break in market structure and the price action is now creating a small bear flag/wedge just under resistance. This is also helpful to pair with BTC being just under a resistance level, so if BTC breaks through this level marked then there is a high likelihood that the CFX trade will get stopped out.
Short
by Obscure_Trading
Balanced Market Sentiment and Unique Competitive AdvantagesConflux (CFX) is currently trading at $0.1910 area in the daily timeframe, and its RSI is at 52. The asset is neither overbought nor oversold at the current price level, which indicates a balanced market sentiment. When looking at the Fibonacci retracement levels in the daily timeframe, the 0.3669 level appears to be the primary resistance level, while the 0.2077 level acts as a support level. The price has recently bounced off the 0.2077 level, indicating strong buying support at that level. The 1 fibonacci level stands as the next potential support if the price continues to fall. The Bollinger Bands in the daily timeframe provide further insight into the asset's volatility. The upper Bollinger band is currently at 0.2865, and the lower Bollinger band is at 0.1346. The middle Bollinger band, which is the 20-day moving average, is at 0.2106. The price seems to be trading around the middle Bollinger band, indicating that the market is currently balanced, and the asset's volatility is stable. The volume oscillator is currently at 3.80%, indicating a moderate level of trading activity in the asset. The MACD, which is a trend-following momentum indicator, is currently at 0.0059, which suggests a weak bullish momentum. The Stochastic oscillator, which measures the strength of the asset's momentum, is at 47.03. The reading suggests that the asset is not currently overbought or oversold. Conflux's unique Tree-Graph consensus algorithm enables parallel processing of blocks and transactions, which increases throughput and scalability. Additionally, as the only regulatory-compliant public and permissionless blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia, connecting decentralized economies to strengthen the global DeFi ecosystem. Overall, the technical analysis suggests that Conflux is currently trading at a balanced market sentiment, with moderate trading activity and stable volatility. The asset's unique features, such as its high throughput and regulatory compliance, could provide a competitive edge in the blockchain industry, particularly in Asia. However, investors should consider additional factors such as market trends and news developments when making investment decisions.
by MonoCoinSignal
4
Conflux Network (CFX) formed a bullish Gartley upto 34.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Conflux Network ( CFX ) token with US Dollar pair. In the recent trade setup, CFX was very close to complete the final leg of a bullish BAT , but pumped before entering the buying zone as below: Now this time on a 4-hr time frame, CFX has formed a bullish Gartley move for another bullish reversal move soon. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
2
Conflux Network (CFX) forming bullish BAT for upto 41% pumpHi dear friends, hope you are well and welcome to the new trade setup of Conflux Network ( CFX ) token with US Dollar pair. Recently we caught a almost 270% pump of CFX as below: Now on a 2-hr time frame, CFX is about to complete the final leg of a bullish BAT move for another pump soon. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
An amazing story unfolding for ERGO as one of the best POW coinsIn comparing to BTC you can see that Ergo is holding it's ground far better at the moment. No coin is without it's history, in the case of Ergo I believe there was a pre-mine but the coin has stood strong among POW coins and is currently one of the most profitable to mine. If you have a rack of 3060ti's there is more money in pool mining ERG right now than mining ETH. In addition ERG is less heat producing, is early in it's lifecycle and could be the next top Alt going into what will promise to be a bountiful Bull run in the next 18-24 months. Overall I am neutral right now, the coin should hold steady just below $2 for some time and then enjoy a quite nice run as it becomes the next Ethereum.
by SHOOZCOIN
8