#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
CFXUSD
CFXUSDT - Inverted H&S PatternAn example of an inverted H&S pattern that shows two distinct shoulders on either side
As my last post said inverted H&S patterns tend to resolve very bullishly so I have shown the second right shoulder in green and then a moonshot.
Bullish.
This is the daily chart for CFX.
#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
cfxusdt → a downward move!hello guys...
always this kind of divergence scares me!
so I suggest you close your positions or get a short position!
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CFXUSDT ⇒ A long positionhello guys...
reasons for getting a long position:
1. the price touched the important zone (the gray area)!
2. broking the trendline! (the dashed line)!
3. QM pattern!
there are two areas for getting the long position: 1- S&D zone and 2- QML area (two blue areas)
target: 0.2409
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always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
CFXUSD Fierce consolidation. Trade the break-out.Conflux (CFXUSD) has been consolidating around the 1D MA50 (blue trend-line) while holding the 1D MA200 (orange trend-line) as its Support. A simple break-out trading plan should be applied here. If the price closes a 1D candle below the 1D MA200, we will sell and target the top of Support Zone 1 at 0.1150. If it closes above Resistance Zone 1, we will buy and target the bottom of Resistance Zone 2 at 0.4000.
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cfxusdtCFX analysis:
Price has been rejected from the resistance area and is now ranging between the support and resistance levels. Now the price is at support area if it can hold it , you can open a long position with tight stoploss(spot)
Local Support Area: $0.168-$0.174
Next Support Area: $0.132-$0.148
Major Support Area:
$0.10-$0.11
Local Resistance Area:
$0.199-$0.205
Major Resistance Area: $0.235-$0.254
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!
CFX has a drop aheadThe CFX symbol is near a fresh resistance that is higher for the time frame. It has collected several liquidity pools.
Weakness can be seen in the recent movement and the liquidity pool has been formed below the price. It is expected to drop and correct when it hits the red boxes.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CFX / CFXUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
CFX IS ABLE TO SHOW 200% VOLUME SINCE LAST DATASince the data shows there is volume from China coins, CFX can be the next one that can show a break increase in the coming time.
There is unexpected China volume on some China-connected coins. This can be a new adding for bullrun.
AND CFX is a coin that shows with high chance that China's volume effect can target.
Manage the risk well, this is not trading advice.
CFXUSD: Channel Down bullish breakout. Immediate target 0.1900.Conflux crossed today over the top of the April Channel Down, as well as the 1D MA50. The 1D technical outlook has turned overbought instantly (RSI = 71.137, MACD = -0.001, ADX = 36.832) but that might not weigh against a continuation of the uptrend as the 1D MACD just formed a Bullish Cross. The intra day pullback is a buy opportunity, aimed at the R1 level and the 1D MA200 (TP = 0.19000).
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Uptrend reversal point: above 0.1350Hello?
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(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.
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** 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.
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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.
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