CFXUSDT Breaks Double-Bottom ResistanceCFXUSDT Technical analysis update
CFX/USDT price found strong support at $0.10 and bounced 110% from this level, forming a potential double-bottom pattern. The price is now breaking the neckline resistance on the daily chart while trading above the 100 and 200 EMA. This setup indicates a possible 100-200% bullish move from the current levels.
Cfxusdtperp
#CFX/USDT#CFX
The price is moving in a descending channel on the 4-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.1242
We have an upward trend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1485
First target 0.1621
Second target 0.1770
Third target 0.1955
#CFX/USDT#CFX
The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 0.1260
We have a downtrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports the rise
Entry price 0.1340
First target 0.1420
Second target 0.1500
Third target 0.1580
CFX Bullish Signal! Time to Retest and Boom!Hey Traders! 🌐📈
🚩 CFX Flag Pattern Alert:
CFX has just signaled a flag pattern and successfully executed a breakout! 🚀
🔄 Retest Phase:
It's currently in the retest phase, revisiting the breakout level.
This retest is a crucial step before potential further upside.
💥 Boom Anticipation:
📉 Retesting is healthy; anticipate a strong move upward after this phase.
📊 Technical Analysis:
Use technical indicators to confirm the retest support level.
Look for bullish confirmation signals before considering entry.
💡 Trading Strategy:
Consider entry post-retest confirmation.
Set stop-loss and take-profit levels to manage risk.
🚨 Risk Advisory:
Trading involves risks; trade responsibly and set risk management.
Do your due diligence; this is not financial advice.
🌟 Exciting Times Ahead!
Trade smart and good luck! 🚀💰
📊#CFX may rise according to the smiley face structure🚀🧠We corrected after breaking out of the all-time highs, had a high probability of a bounce after sweeping the liquidity pools, and successfully constructed a smiley face bullish structure near the buy zone that we may follow to pump.🚀
Let's see👀
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📊#CFX potential cup-handle structure, worthy of attention👀🧠We can see from the chart that the upward trend is good, and the daily level correction has been completed, and the response to hitting fib0.5 and the buy zone has been good. If we continue to break above the bearish defense, a bullish cup-and-handle structure is established, so we can shoot for the moon with this structure as support. 🚀🚀🚀🌕
Let’s see 👀
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#CFX/USDT.P#CFX/USDT.P
The price broke the resistance area at .1850
Price break triangle pattern
With buying momentum on the MACD
The price is higher than Moving Average 20
The price now is 0.1871.
The price moves to the first target of 0.1890.
And a second goal in 0.1925.
Stop loss at 0.1800.
Below the uptrend
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.)
Our attempt to identify the next "pump coin". CFX long trade #10While the previous few days, the most voluminous and liquidity cryptocurrencies have been falling in value stood still or grew slightly, they moved in the 1-2% range., some coins have been pumping like as: FLM, GTC, PERP, UNFI, Cyber, TRB etc...
This trade is our attempt to determine which coin will be the next to "pumping". That is why we halve our standard entry amount to $5000 and emphasize that a stop order is required.
Enter = 0,1281
Stop = 0,1243 ( -3%)
TP1 = 0,1960 ( +53%)
TP2 = 0,2780 ( +117%)
P/L ratio = 39.5
According to these conditions, with a position size of $5000, the amount of potential loss is $150, and the potential profit is TP1 = $2650 or TP2 = $5850
Depending on the dynamics of price growth, we will decide where to record profits in real-time.
Therefore, if you are interested in watching for this trade, write a comment, put a like, and you will receive a notification when we update the idea.
CFX/USDT Analysis on Daily TimeframeCFX/USDT Analysis on Daily Timeframe:
The price is currently attempting to break down from this pattern. If the breakdown happens, we might witness a drop in CFX price by at least 30-50%. I anticipate the price to break down soon, but we'll have to wait and see.
Please remember: this is just an idea. Before making any decisions, it's important to conduct your own research.
Best of luck in your trading endeavors!
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Happy trading!