Conflux Accumulation Continues... (1,700%+ New ATH Potential)Conflux (CFXBTC) has been consolidating for almost three months now. When this pair starts to move it will not give any warnings.
The 2024 bullish jump is really small, pretty much irrelevant, which means that no bullish action is present since the 2023 bullish phase.
Technically speaking, the correction ended August 2023. From August 2023 through present day, September 2024, we have 386 days; more than a year. All this time counts as part of a long-term accumulation. All this time CFXBTC continues trading within a long-term higher low (July 2024 {higher} vs January 2023 {low}).
A higher low opens the door for a higher high.
ATH potential goes to 4500 satoshis or ~1700%.
A small bullish wave can happen fast and reach between 414% and 679%; shown on the chart. This pair has already shown that it can go wild and grow strong. It has been building up momentum through a prolonged accumulation phase. The longer the accumulation period, the stronger the bullish wave that follows. Be on the lookout for this one.
Thank you for reading.
Namaste.
