CFXUSDT
🚀 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!
CFXUSDTJust like the previous chart I mentioned for cfx, it lost its support and went out of the trend line. Now we are witnessing rebalancing and returning to the trend line. I think we will see a downward trend in the long term.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
✴️ 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.
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Thanks a lot for your continued support.
Namaste.
CFX - One of the Few Alts I can dare to buy atmSituation is scary, I know.
Debt ceiling, war in Ukraine, inflation, people around the world are divided for a billion different reasons etc etc...yes, ok
Go short, allow me to go Long on CFX:
What do I need as a trader? Good news and a good valid chart. So here we goi:
News:
Conflux and China Telecom Debut First On-Chain Interaction With Blockchain SIM Card
Conflux Network, the first regulatory compliant public blockchain in China, and global communications network, China Telecom, today unveiled its jointly developed BSIM (blockchain SIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai.
In a world first, the BSIM card is a mobile user identification card based on blockchain technology.
With an appearance nearly identical to traditional SIM cards, the BSIM card is fully compatible with mainstream mobile terminal systems such as Android and iOS.
It also boasts storage space 10-20 times larger than traditional SIM cards and computing power several dozen times greater.
Alongside traditional communications functions, the BSIM card also can generate and store users’ public and private keys within the card.
CHART:
I see support on 2 of my set ups and my moving average confirms. So i am Long here with stop loss 0.284
If it goes against i am ok to lose what i risk.. if it goes well i make more than i risk multiplied.
Targets for me is 0,37 and 0.41 for now.
One Love,
The FXPROFESSOR
PS. Yes, i know, situation is bad everywhere and everything, i know: we will go Big time shorts but you have no idea where yet and when. It will come! Stick around buddies and let me know on the comments what do you think i will short BIG TIME soon!
CFX CAN MAKE A BIG CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the CFX symbol.
It seems that wave E is a diametric uptrend of a triangle that is terminated and moves down for wave F
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Conflux Network (CFX) formed a bullish Gartley upto 23% pumpHi dear friends, hope you are well and welcome to the new trade setup of Conflux Network (CFX) token with US Dollar pair.
Our last successful trade of CFX was as below:
Now a daily time frame, CFX has formed a bullish Gartley pattern for the next price reversal.
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