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Conflux

Conflux CFX price analysis Recently, #CFX price shot up very strongly, due to the publication of the news that: #ConfluxNetwork, China's Tier 1 blockchain, announced the launch of #Conflux 3.0 in August and announced plans to help issue a stablecoin pegged to the offshore yuan as China explores the possibility of issuing yuan stablecoins. The news already reads as “very vague, promising...” but let's remember that we are talking about China, where crypto has been gradually banned since 2013 and finally banned in 2021. 💰 Looking at the OKX:CFXUSDT chart, we see that the price cannot be fixed above $0.19, which means that you should be careful with longs. 📈 If the words from the news are confirmed by actions, then the #CFX price will definitely consolidate above $0.19 and then it will be safe to open a long position. 🐻 And if the desired cannot be realized, then a correction to the $0.085-0.105 zone may become a new reality. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Altcoin To Watch This Week - Conflux (CFX) And Its 113% RiseBINANCE:CFXUSDT has seen a major rally, becoming one of the top-performing altcoins in recent days. Boosted by the recent Conflux Conference in Shanghai, CFX surged 113% in the last 24 hours. The altcoin is now trading at $0.22, drawing investor attention amid heightened momentum and renewed community optimism. Excitement continues to grow as BINANCE:CFXUSDT gears up for its 3.0 upgrade , scheduled for early August. This major milestone could act as a bullish catalyst. If CFX rebounds from the $0.17 support level, the altcoin may breach $0.24 and potentially rise toward the key psychological mark of $0.30 in the short term. However, risk remains if investors begin securing profits after the significant gains. A drop below the $0.17 support could drive BINANCE:CFXUSDT lower toward $0.11 . Such a move would reverse current bullish momentum, causing traders to reassess expectations as bearish sentiment overtakes the altcoin’s rally.
by aaryamann_shrivastava_bic
#CFX Ready For a Massive Move Above Or Not? Key Levels to Watch Yello, Paradisers! Has #Conflux just kicked off its next bullish run or is this a fakeout waiting to trap traders? Let’s dive into the latest move in #CFXUSDT: 💎#CFX has recently broken out above the descending resistance of the broadening wedge—a major technical milestone. This breakout signals potential bullish momentum, with the price now eyeing key resistance zones for confirmation of a sustained move upward. 💎The immediate challenge for #Conflux lies at the $0.26-$0.29 supply wall. A daily candle close above this level would validate the breakout and likely trigger an extended bullish rally. Beyond this, the next target sits at the $0.4500–$0.5500 major resistance zone, where stronger profit-taking and selling pressure are expected. 💎If #CFXUSD manages to conquer the $0.2900 barrier, bullish momentum could carry it toward $0.6500 or even higher, establishing a new trend for long-term traders. Keep an eye on volume—an uptick in buying activity would confirm the strength of this breakout. In case of a pullback, immediate support lies at $0.1720, with a critical demand zone around $0.1356. As long as CFX holds above these levels, the bullish structure remains intact, and any dip into this zone could present an attractive re-entry point for buyers. 💎If #CFX closes below $0.1356, this would invalidate the bullish breakout, signaling potential downside. Such a scenario could drive prices toward $0.1000 or lower, erasing recent gains and catching overleveraged bulls off guard. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
Is #CFX’s Breakout Just a False Alarm or a Major Move is Ahead?Yello Paradisers! is #CFXUSDT Ready for another massive rally or not? Let's discuss the latest analysis of #Conflux and see what's happening: 💎After grinding for 4-5 months in a tough downtrend, #CFX has finally broken out of its descending channel, fueled by a solid push off the major support at $0.130-$0.138. But don’t get too comfortable because a retest of this support zone could be on the horizon. 💎For this rally to gather real momentum, #CFX must clear the minor resistance at $0.226. If the bulls manage to push past this key level, we could see a stronger surge toward the next major resistance, powered by increasing volume and support from the 20EMA—clear signs that the bulls may finally be taking charge. 💎If the momentum stalls, be prepared for a pullback. A retest of the breakout zone or the major support at $0.130-$0.138 is possible. If this support doesn’t hold, expect a drop toward the lower demand zone at $0.113. 💎A break below $0.113 would shift the control back to the bears, likely leading to a deeper correction and dashing hopes for a bullish recovery in the near term. Stay vigilant, Paradisers—trading at these levels demands caution and a strategic approach. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Conflux CFX price at a critical point, what's next?Let's start with conservative assumptions about which project could receive some of the liquidity that has been actively poured into Chinese markets in the hundreds of billions of dollars to revitalize the economy. #Conflux is the only public blockchain in China that meets regulatory requirements and is “approved” by the Chinese government. CRYPTOCAP:CFX has been working with global brands and government agencies in the region on blockchain and meta-network initiatives, including the city of Shanghai, McDonald's China, and Oreos China Telecom. If we look at the chart of OKX:CFXUSDT , we can see that the price is now at a critical point. To confirm the strength, we need to see a confident consolidation above $0.19 And then, a weak wave of growth can last up to $0.32, and a powerful one can last at least up to $0.67 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
CFXUSD Buy after it breaks above the 1D MA100.It's been too long since we last analyzed Conflux (CFXUSD) and on that analysis (January 26, see chart below) we got a clear bullish break-out signal that easily hit our 0.4000 Target: The price has since entered a brutal sell-off below the 1D MA50 (blue trend-line) and the pattern that stands out the most is a Channel Up. The decline hasn't yet reached the bottom of that pattern, but it is getting close. Last time it completed approximately a -80% decline. The signal to buy was given when the 1D RSI made a Triple Bottom below the 30.00 oversold barrier and was confirmed when the price broke above the 1D MA100 (green trend-line). We are waiting for that signal to buy and target 0.55000 (just below the Resistance and previous Higher High of the Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:CFXUSD
by TradingShot
1
CFX, a SLEEPING TIGER about to be AWAKEN -- soon!CFX registered significant net buying this past few days. Volume surging with the recent good news about DWF Labs acquiring more CFX tokens believing in the coin's fundamental growth. On Daily data, Histogram has recorded another higher lows conveying that buyers are cementing the current range as the new base for the incoming price valuation. Pricewise, new higher lows was created as well. On WEEKLY, a shifting priceline is also noticeable depicting initial stage of a trend reversal. Bubble up volume (bottom indicator) has reappeared many times the last 3 weeks -- suggesting active ACCUMULATION and net positioning. Expect some significant bounce from the present price level. Spotted at 0.2000 TAYOR Safeguard capital always.
by JSAL
19
Conflux Smart Trade- All in Graphic - i really doubt it will back to bottom but " who knows ?". - Now : Nothing to buy yet. - i do not play a breakout with CFX. Dangerous. --------------------------------------------------------------- Trading Part --------------------------------------------------------------- Buy : 0.1$ ish ( 10% invest ) Buy : 0.055$ ish ( 20% invest ) Buy : 0.02$ ish ( 70% invest ) ( Bottom ) --------------------------------------------------------------- TP1 : 0.6$ TP2 : 1.6$ (ATH) --------------------------------------------------------------- - Don't be greedy with my numbers. - Set your own SL if you are a scalper. - Set your own Take Profit. - Be Logic & Make Money. Happy Tr4Ding !
Long
by thecryer
Conflux Network (CFX)Conflux Network is a state-endorsed public blockchain in China, aiming to enhance interoperability and scalability through its Tree-Graph consensus algorithm. This technology allows Conflux to process transactions with increased speed and efficiency, promoting itself as a choice platform for developers and enterprises looking to build decentralized applications. As of now, the price of Conflux (CFX) is $0.25 with a 24-hour trading volume of $75 million. The price of CFX has risen by 30% in the last 24 hours, showcasing strong market interest and bullish momentum. Given the current positive trajectory and the unique position of Conflux in the blockchain ecosystem, the next potential price targets for CFX might be $0.35, $0.45, and $0.6. This trade setup assumes continued market interest and investor confidence in the Conflux Network's strategic initiatives and technological foundation.
Long
by icordkaz
CONFLUX --- CON your way into Wealth"What is Conflux? Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion.... As the only regulatory-compliant public blockchain in CHINA, Conflux provides a unique advantage for building projects and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald's China, and Oreos." ----- CHINESE blockchain... Always a good narrative Can it a FDV of 46 Billion? We shall see Major inverse head and shoulders Theres also a mini one right now!
CRYPTO:CFXUSDLong
by BallaJi
3
CFXBTC CFXUSDT to the infinite /500-1000% pump in April-MayHi my lovely followers, I hope you are fine. I want to share my ideas about one of th best projects in crypto space. It is definitly Conflux/ $CFX/ Which will be one of few winners in 2024. It will record new highs createding unforgetable and Legendary story in crypto space. I'm sure with BSIM+ BTC L2/staking BTC on CFX+ Hong Kond dollar stablecoin launch/ in April-May 2024 + #AI+#RWA+#DEPIN+#NFT+#GAMING+#DEFI conencted with Conflux is coming. As you see on my weekly CFXBTC chart it is mega bullish, it broke long term accumulation phase made a beautifulo retest and ready to go parabolic. This is 3rd wave which will be more aggressive than previous 1st wave back in 2023 Q1 when it jumped x10, CFX completed its wave 2 correction and started its MMBM which will send it significantly higher towards 2.4-3$+ in April-May. Don't forget to check all analyses below this tweet, where you will find more details/CFXUSDT chart, CFX-FET identical charts. Please like, commenct and hit follow bottun.
Long
by ergal91
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:CFXUSD
by TradingShot
2
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