New coin in my portfolio - TestingI'm trying a brand new coin for me, so overall high risk, but I want to try it, long at a higher position and then quickly away. If not then SL.
CFXUSDT.PS trade ideas
CFX about to rip if it holds
Hi everyone
Today we had very buloish day on bitcoin while alts were quite, its time for alts to push a little bit up !
CFX is going to moon
If we hold 0.3688 we go to 0.44
#CFXUSDT DUMP?#CFXUSDT
The coin clearly shows weakness. And with any rollback of Bitcoin, the coin will go down.
At the moment I see 2 scenarios:
We test the 0.3870 level and go back down to the 100 EMA on D1
Or, nevertheless, we close H4, H8, D1 with a candle above 0.3877 and break through the price above 0.45 and to the moon.
CFXUSDTIs CFXUSDT going to repeat the pattern?
Last time CFX took the support broke through falling trendline and posted a strong bullish candle.
Will it be doable again?
CFX on the cusp of a 50% move? 🛫 0.36 once solid resistance has flipped to solid support. I'm expecting the bullish pennant to breakout with an initial target of 0.55 area.
NFA & DYOR - Thanks! 🤑
CFX bounce probabilityAs I think that there's gonna bea little bone incex in uhh chart No any financial advice Saturday April. 15.
Ascending Triangle in ProcessBelow the Red trendline is Risk. If price came back above the Red trendline then high chance of this Ascending Triangle breakout and its Final target will be 0.60
Ascending triangle 4h Inverse HnS 15mFirst Target is 0.42, from Inverse head & shoulder on 15 mints chart.
Second Target is 0.44, Bcz Price will pump to complete ascending triangle on 4hrs chart
Third Target is 0.60 - 0.62, when ascending triangle will do a breakout.
Stoploss is 0.34
$CFX-Imp Support Zone RetestLSE:CFX again broke out from previous resistance and now came back for a retest of resistance turned support zone at around 0.3900-0.3800. I have set fib levels using fib tools and have placed my Limit orders between 0.3950-0.3900.
If tested successfully we might again see a rally up to 0.4850 where there's another resistance.
CFX Big Bullish TriangleThe asset is in a global uptrend. After trying to update the minimums, the seller showed a decrease in forces, which is visible on the volumes.
At the same time, the buyer puts more effort into changing the trend to an upward one, which is also evident from the volumes and the breakdown of the downward structure.
Plus, there was an overrun of liquidity for half a loy.
Against this background, a cascade was formed for a long breakdown with two touches, I will wait for the third one for the breakdown.
I plan to enter the transaction when approaching the drop, protorgvok in its area and an impulse breakdown up due to the triggering of stop orders and purchases in the market of market participants.
CFX, another round to the upside in order...CFX just touched hourly order block support at 0.37.
A reverse to the upside maybe expected from hereon.
Spotted at 0.37
Initial Target 0.44 (and a breakout of last peak is possible)
TAYOR.
CFXUSDT: IS bull trap happen?Disclaimer
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CFX : TREND VIEWCFX following still the increased line, we will follow this coin to see if it's able to confirm coming time above $0,46
CFXUSD ❕ broke up the trend lineBinance announced a partnership with CFX.
The token is trading above liquidity.
I think the price could resume rising if it holds support.
#CFX | LONG | TRADE#CFX | LONG | TRADE
Entry Conditions:
| Ascending Triangle, expecting to break up
| Bullish Breakout of bearish trendline
| Clean Breakout of RSI Trendline
CFX consolidation almost done. A reversal attempt maybe on queue1st order block level support touched at 0.325 -- an attempt to reverse maybe on queue and retest previous peak, if breaks, 0.5-0.6 area will be the next target. Otherwise if it falls below 3.0, re-assess.
CFX Chinese Narrative Coin ... MovingCFX Chinese Narrative Coin
Market Cap: 1.1B
Category: DeFi / Web3
Target 1: 0.475997
Target 2: 0.564381
Stop Loss: 0.370617
Manage Risk - have a stop loss in place
Not Financial Advice
This is for Entertainment Only
CXF to 0.48 double top, then 0.41, then 0.84If we don't get a meaningful correction now, I expect this to go straight for the last high of 0.48, form a double top, correct to monthly resistance (yellow line) of 0.41, then take off for a higher double top at 0.84 (see September 2021 high).
After that, who knows. May as well go for $2 but Bitcoin will have to be hitting all time highs for that to happen, imo.
Conflux Altcoin CFXUSDT 4Hour Chart Analysis April 9, 2023BINANCE:CFXUSDT
According to the 4-hour chart, the bears are attempting to prevent the price from going above the 20-EMA. This may cause the pair to fall to the 200-SMA, which is likely to provide significant support.
If the price bounces back from this level, the bulls will attempt to push the price to the downtrend line, which is the critical level to monitor. If this level is breached, it would signify that the bulls have regained their momentum.
Alternatively, if the $0.30 support is breached and closed below, it could trigger more selling pressure and bring the price down to $0.25.
Let me know what you think!
Follow me for more TA!
Conflux Altcoin CFXUSDT Daily Chart Analysis April 9, 2023BINANCE:CFXUSDT
Conflux (CFX) has been experiencing a corrective phase lately, but the bulls are currently defending the 20-day EMA ($0.36), which is a minor positive.
If the price rebounds from the current level, the CFX/USDT pair could aim to reach the downtrend line, which is a crucial level for the bears to protect. A break above this level could lead to a potential rally to $0.44 and $0.49.
However, if the price drops and remains below the 20-day EMA, it could indicate that the bulls are abandoning their positions, leading to more selling. This could push the price towards the next support at $0.30, which the bulls are likely to view as a buying opportunity.
Let me know what you think!
Follow me for more TA!
Shall CFX go up or down?CFX price action has formed a PENNANT pattern! So what's next? CFX price is facing resistance at 0.4000 level if price break the upper Trendline and 0.4000 level then price may test 0.4500 level and could break to 0.5000 or 0.5500 and if price break downward then we may see price to test 0.2800 level and again starts moving upward cause you can see that on daily time frame I've made two Thick trendlines which shows an uptrend.
My Opinion
According to my point of view price may break lower trend line and test 0.2800 and starts moving upward Why?? Here's the reasons
1: On daily time volume is decreasing which shows lack of interest and fear! Cuz price has already moved up significantly and a correction is needed to continue the uptrend
2: RSI value is between 60 and 50 So, I think it should fall below 50
3: If price break lower Trendline of pennant then price has legs and rooms to move down
4: 100 MA is also moving towards 0.2800 level another factor which is making it a support level and is ready to be tested
5: According to fib retracement tool 0.2800 level is also falling at 0.618 level of fib which is an important level of this tool
Here's my opinion!!!
Symmetrical TriangleBINANCE:CFXUSDT has formed a broad and visible chart pattern, we wait for a breakout of the triangle and possible retest, fundamental focus on BINANCE:BTCUSDT . @De_Dommex @tradingview_
Conflux CFXAs you can its maid 600% in week
Followed by 60% down in 18days
Followed by almost 300% in week
Followed by 30% down in 18days
Seems like it will test 65 cent
Could wick above it between 70~80cent
Good luck to you all
And im already in postion long
