CFXUSD Triangle broken upwards. $0.7500 is the target.Conflux (CFXUSD) broke above the short-term Triangle and technically should extend the enormous +2200% rise since December's Low. We are targeting the 0.786 Fibonacci level at 0.75000. During this rally, the 1D MA50 (blue trend-line) has been supporting, so technically as long as it holds, CFX is a buy. If a 1D candle closes below it, we would expect the market to seek buyers and confirmation of the long-term bullish trend on the 1D MA200 (orange trend-line) and the 0.13650 Support. Until that happens, every MACD Bullish Cross is a buy confirmation (one is now emerging).
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CFXUSD trade ideas
CFX bad entry Solution 2023/03/25Current conditions for analysis:
- 2000 Units have been opened at 0.39
- Exit price 0.2
- Current lost at 0.2= 240 $
Strategy:
1. Open grid bot 0.35-0.2
(Bot will reduce entry price minimise losses)
2. If market conditions are ok reopen a same size position
3. Calculate risk/reward ratio
4. Close position back to previous maximum
*Follow up analysis require in April 6th (2023/02/06)
CFXUSD Within the May-December Liquidity Zone. Buy the pullback.CONFLUX - CFXUSD entered last week the strong Liquidity Zone of May-December 2022 and on this week it has almost reached the top. The RSI 1W can't signal a strongest overbought signal and even though this coin is extremely bullish long term, this calls for a medium term correction.
The MA50 1W will be there to support, the strong technical Support Zone is within 0.0980 - 0.065. Buy the pullback and target 0.8500 (Resistance A).
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CFXUSD Massive rise. How to trade this rally.Conflux/ CFXUSD is on a massive fundamental rally that easily crossed over the 0.25550 Resistance (1).
The rally doesn't seem ready to stop and by August can fill all gaps all the way to its historic High.
The last consolidation after the first rally was made within the High Variance Zone designated by the Channel Up consolidation during the Bear Cycle. There have been another two such Channels and will be our buy entries during this rally.
Trading Plan:
1. Buy at 0.1400 (2nd High Variance Zone).
2. Buy at 0.3000 (3rd and final Variance Zone).
Targets:
1. 0.8500 (below Resistance 2).
2. 2.0200 (Resistance 3 - All Time High).
Tips:
1. The RSI is supported in a similar way like December-January. That kick started a strong rise. Break below and the pattern might be negated.
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CFX/USDT TRADE SETUP. 120% GROWTH EXPECTED.CFX has been under the accumulation zone for a while now. We can expect a breakout soon. The last time when it was under the accumulation zone and a breakout happened, CFX exploded almost 190%.
We may see a similar move happening anytime soon. 1st of November, CFX has its NFT event happening in NYC.
You can trade CFX on spot as well a margin trading (if available).
Entry: $0.2944 to $0.3472
Stop Loss: $0.2709
Targets:
$0.3994
$0.4527
$0.5485
$0.6341
Remember to accumulate as low as possible.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
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CFXUSD,CFXUSDThello to traders, community, and everyone. today was not a good day for traders, but think positive .this is the time to buy.CFX is one of the best cryptos that you can buy now .take a look at the chart.i think these days are the last days that CFX is following the bearish path and it is ready to go high levels (like CAKE).there are so much benefits waiting for you.