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CFXUSDT

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
"CFX/USDT Long Trade Setup: Bullish Flag Breakout and Retest foTrade Setup for CFX/USDT: Long Position Analysis: CFX has broken out of a bullish flag pattern, indicating a potential upward trend. The current price (CMP) serves as the entry point. The breakout is being retested, suggesting a potential confirmation of the bullish move. Entry Point: Current Market Price (CMP) Additional Positions: Consider adding more if the price drops to $0.181 Targets: $0.1945 $0.205 $0.213 $0.229 $0.25 Stop Loss (SL): Set the Stop Loss at $0.174 to limit potential losses. Leverage: Use leverage cautiously: 5x to 10x. DYOR #Crypto #trade
Long
by CRYPTOMOJO_TA
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 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