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CFXUSD trade ideas

CFX Breakout Run Targets $0.50Will CFX Price Reclaim $0.50? Fibonacci level Breakout Signals Major Recovery With a resurgence in buying pressure, the CFX price is back in action and ranks among the top 24H performers. Rising nearly 4% in the last 24 hours, Conflux approaches the $700M market cap. With a new recovery run in the daily chart, will the CFX price reach the $0.50 psychological mark? Find out more about the Conflux price trend in our detailed analysis. CFX Price Analysis In the daily chart, CFX price action shows a falling channel breakout rally struggling to gain momentum. After a bullish failure to sustain dominance above the 200-day EMA and the 38.20% Fibonacci level at the $0.20 psychological mark, the CFX price dropped below the 50-day EMA. Tradingview After making a recent low at $0.1290, the DeFi token is back in action. As the broader market recovers, the altcoin has recovered by 18.09% in the past 5 days from its 7-day low at $0.1290. Currently, it is trading at $0.1526 with an intraday pullback of 1.87%. The intraday pullback faces opposition from the 50-day EMA at $0.1574. The dynamic resistance is a neckline of the recent V-shaped recovery and warns of a new lower-high formation. Technical indicators: MACD: As the bullish resurgence propels the CFX price, the MACD indicator prepares for a bullish crossover. EMA: The 50-day and 200-day EMA maintains a lateral trend with the death cross possibility teasing the long-term holders. Will CFX Price Hit $0.50? The 23.60% Fibonacci level breakout is likely to test the 38.20% level or the $0.20 psychological mark. However, for a sustained recovery, the uptrend must break above the $0.20 mark. This will increase the chances of a golden crossover between the 50-day and 200-day EMA and face the crucial resistance of 50% Fibonacci level at $0.2425. The $0.2425 resistance level has resulted in multiple reversals between April and May and will likely consolidate market prices. In case of a broader market recovery, the 50% Fibonacci level breakout is likely to hit the $0.51 mark or the apex of the falling channel pattern. Hence, if conflux exceeds the $0.24 psychological mark in November, the chances of reclaiming the psychological mark of $0.50 will significantly increase. Conversely, the crucial support for the altcoin remains at the $0.15 psychological mark and $0.11 psychological mark. Wondering if CFX will hit $5 in 2024? Find out now in Coinpedia’s well-rounded CFX price prediction, and subscribe to us for all the latest updates!
CRYPTO:CFXUSDLong
by Coinpedia-Market-Insight
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
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
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 Long Position - Potential Support Flip and Long-Term Target!A trade analysis for CFX suggests a potential long position with a focus on flipping a clear level into support, along with a designated stop and long-term target. Key Trade Details: Long Position: Considering a long position on CFX. Potential Support Flip: The trade is based on the potential flip of a clear level into support. Stop Level: The stop is set below the prior lows at $0.147, serving as a risk management measure. Long-Term Target: In the context of a longer-term trend, the trade could aim for $0.43 as a potential target.
BINANCE:CFXUSDLong
by Richtv_official
CFXUSD: Channel Down bullish breakout. Immediate target 0.1900.Conflux crossed today over the top of the April Channel Down, as well as the 1D MA50. The 1D technical outlook has turned overbought instantly (RSI = 71.137, MACD = -0.001, ADX = 36.832) but that might not weigh against a continuation of the uptrend as the 1D MACD just formed a Bullish Cross. The intra day pullback is a buy opportunity, aimed at the R1 level and the 1D MA200 (TP = 0.19000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:CFXUSDLong
by InvestingScope
CFX Conflux - honestly, a very nice setup here, in plain sight TD13 established as current bottom on 5D Heikins. Bumping against the 3/1 Gann angle and aiming as high as the 8/1 with the superconfluence of 0.618/0.702 and Ichimoku cloud. We could be talking serious gains here, double your money. All depends on the mini-alt season brewing (or not). Still, the setup is here. Interesting to see how we absorb the EMAs and Gann angles on the way up. On the 12-hour frame we have an inverse HS formation that is also emerging in some charts currently: TRX was the precursor, now we have MANA and XRP, for example). NFA - education only
CRYPTO:CFXUSDLong
by ThinkLikeaWhaleTLAW
CFXUSD Inside the Channel Down, not bullish yet.Conflux (CFXUSD) has been trading within a Channel Down pattern since the March 19 High. The 1D MA50 (blue trend-line) has priced all Lower Highs since May 23 but it is the 1D MA100 (green trend-line) that has been untouched since June 01. The 1D RSI is on Higher Lows against the Lower Lows of the price, waving a big Bullish Divergence. The last time we saw a similar Channel Down structure was last year in Q3 - Q4. The pattern eventually broke upwards on a parabolic rise after the price broke above the 1D MA100. Before that, the earliest signal was when the 1D RSI broke above its onw Lower Highs trend-line. As a result, we will wait for the RSI to make the first move and buy when the 1D MA100 breaks. All Fibonacci levels that follow will be targeted one by one. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:CFXUSD
by TradingShot
✴️ Conflux vs FetchAI - Let Me Explain! (Major Bullish Wave)These two are not competing, just let me explain... If you read the FetchAI trade idea, I mentioned that it moved first in early January 2023/late December 2022. It moved first and strong leading the market. This type of action is also true for Conflux (CFXUSD). If FetchAI ends its correction and resumes growing, it means the entire Cryptocurrency market will do the same. This also applies to Conflux, if the correction is over and a new bullish wave starts, it means that market will do the same. As these pairs moved first and strong, seeing them resume their bullish action means that the time for accumulation is gone. Here we can see CFXUSD bouncing perfectly at the 0.786 Retracement Fib. level support. This is perfect. We have bullish divergence short-term with the MACD and long-term hidden bullish divergence with both the MACD and RSI, signaling that this pair is getting ready to grow. This is only one of many bullish signals that I started to share. You can check the related ideas below for many more signals that predict and confirm an upcoming, major, bullish wave. It is inevitable... It is already happening. Namaste.
CRYPTO:CFXUSDLong
by MasterAnanda
Conflux Network (CFX) Conflux is China’s only regulatory-compliant public blockchain at this time. Key Takeaways: Conflux is the only regulatory-compliant, public permissionless blockchain in China. Conflux is a proof of work and proof of stake hybrid blockchain. Conflux has a unique Tree-Graph structure and GHAST consensus mechanism that work together to achieve high throughput, scalability and security. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
BINANCE:CFXUSD
by CryptoTrend-Alerts
CFXUSD Double bottomed and is looking for +45% rally.Conflux (CFXUSD) made a low two days ago on the 0.1725 Support and along with the June 15 Low, makes so far a Double Bottom formation. It is no surprise then to see the price on a strong 1D candle today, headed towards the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line). The pattern since the March 19 High is a Channel Down, so if the Double Bottom breaks, we will sell and target a new Lower Low at 0.1000. Until it does though, the Double Bottom is a formation capable of breaking above the Channel Down, so we will take a long on the current price and target the 0.382 Fibonacci retracement level from the top (0.29000) which is the bottom of the High Volatility Zone (and now Resistance Zone) of the 0.5 - 0.382 Fib range. That move represents a +45% rise from the current value. Beyond that, we will buy only if the price breaks above the 0.618 Fib and target the March 19 High at 0.488000. Notice the 1D RSI, which is completing an Inverse Head and Shoulders pattern, a typical bullish reversal formation. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:CFXUSDLong
by TradingShot
2