#CFX/USDT#CFX
The price is moving within a bearish channel on a 1-day frame and is strongly committed to it.
We have a support area at 0.1935 and we bounced from it at the lower border of the channel
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise
Entry price is 0.2100
The first target is 0.2677
The second target is 0.3079
The third goal is 0.3537
CFXBUSD
#CFX/USDT#CFX
The price has been trading in a bearish channel since April 2022
The price recently broke this channel strongly
The price also broke the moving average of 100 on the frame 1 D .
We had a strong support area at price 0.1000
The price rebounded upward
The price now is 0.1783.
First goal of 0.2015 .
Second goal 0.3288 .
This rise is supported by oversold conditions on the MACD
And the free moving momentum after it was broken
It is expected that the price will take some time with corrections to reach the second target
#CFX/USDT#CFX
The price is moving in a bearish flag on the 4-hour frame
We are now on the verge of breaking the channel upwards
After the price rebounded from touching the uptrend as a support area at the .2200 level
We have stability above moving average 100
We also have support from the RSI indicator
Current price 0.2233
First target 0.2266
Second target 0.2331
Third goal 0.2401
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!
Bullish on CFX
www.tradingview.com
Bullish on CFX, just finish motive force waves 1 and 2, starting wave 3 now with nice leading diagonal.
TP at 27 fibo lvl
CFX - Update FOMC Week MarchAs the only regulatory compliant chain in China, Conflux is facilitating entry to the Asian market for other globally minded crypto projects.
CFX - Long WAVE 3 - rough Idea
This is an update for CFX -
This is my expected price action for the coming days. I WILL FOLLOW FOR THE NEXT BIG POTENTIAL PUMP.
Let's see how it plays out,
Thanks for your comments.
*Always use stop loss/Risk Management.
CFX ready to pump - The only regulatory compliant chain in ChinaAs the only regulatory compliant chain in China, Conflux is facilitating entry to the Asian market for other globally minded crypto projects.
CFX - Long rough Idea
This is an update for CFX -
This is my expected price action for the coming days. I WILL FOLLOW FOR THE NEXT BIG POTENTIAL PUMP.
Let's see how it plays out,
Thanks for your comments.
*Always use stop loss/Risk Management.
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
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
Conflux Network (CFX) formed bullish Gartley for upto 24% pumpHi dear members , hope you are well and welcome to the new trade setup of Conflux Network ( CFX ) token with US Dollar pair.
Previously we caught a very nice pump of CFX:
Now on a 4-hr time frame, CFX has formed a bullish Gartley pattern.
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
Conflux Network (CFX) formed bullish Gartley | upto 18.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Conflux Network ( CFX ) token with Bitcoin pair.
On a daily time frame, CFX has formed a bullish Gartley pattern:
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
CFX/USDT 1HOUR UPDATEWelcome to this quick cfx/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Entry:- 0.31, 0.32
Traget:-
T1:- 0.33
T2:- 0.35
T3:- 0.37
Stoploss:- 0.29
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
CFXUSDT Really bullishHi all. I am so bullish on CFX!
Do you see that bullflag?
Do you see that cup and handle being formed?
Do you see all that volume since about a month?
Do you see the MACD has just crossed bullish on the 4h?
This might even go beyond the moon! lol
I am going to keep this one for a while.
Any thoughts? Please make a comment