CFXUSDT.PS trade ideas
CFX USDTits looking bullish move in cfx according to pattern as u see it broke 1 h wave and we need retest that zone and we can risk
CFX sitting on 0.618 level!!!Cfx, A chinese narrative token, is currently sitting on 0.618 level on fibonacci...
What do you think Will it give a god candle soon??
CFXUSDT LONG Breaking out!CFX is breaking out from the solid range!
breakout trader could use the momentum for solid long trade setup!
CFX/USDT Anticipating a Bullish Climb from Demand Zone ? 🚀cfx💎 Paradisers, keep a close eye on #CFXUSDT, as it's currently showing promising signs of a bullish leap from its demand level.
💎 Reflecting on LSE:CFX recent patterns, we've seen a positive response following a retest of the falling wedge pattern. Currently, after facing resistance at $0.2476, there's a growing chance that LSE:CFX is gathering steam for another push to breach this resistance and aim higher towards the $0.3439 mark.
💎 As strategic traders, we're always evaluating alternate paths. Should our primary scenario not unfold as anticipated, we could see #CFX making a bullish turnaround from a lower support level at $0.1660. Be aware, though, that breaking below this level might trigger a more substantial bearish movement.
#CFX/USDT is testing the Diagonal Trendline in 1-Hour TF!#CFX/USDT is testing the Diagonal Trendline in 1-Hour TF!
LSE:CFX is holding the bullish OB as a support. Wait for Trendline breakout to long it, or wait for OB breakdown and retest to short it.
CFXUSDT IDEAUPDATE
Bullish rectangle Breakout & Retest Has Already Confirmed 📈📈📈
Holding of bullish wave may lead the price upto 30%💸 increase..
COIN DETAILS
Conflux (CFX) is worth ₹18.04 today, which is a 0.0% decline from an hour ago and a 2.9% decline since yesterday. The value of CFX today is 14.7% higher compared to its value 7 days ago. In the last 24 hours..
CFX Embrace the Future of Finance: Invest in Crypto Today 💰**Short Fundamental Analysis of Conflux (CFX)**
**Overview**
Conflux is a public blockchain protocol that aims to provide a scalable, secure, and decentralized platform for smart contracts and decentralized applications (DApps). The protocol utilizes a unique Tree-Graph consensus mechanism that combines elements of both Proof-of-Work (PoW) and Proof-of-Stake (PoS) to achieve high throughput and energy efficiency. Conflux is also compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily deploy their DApps on the platform.
**Fundamentals**
* **Scalability:** Conflux's Tree-Graph consensus mechanism allows for significantly higher transaction throughput than other blockchains, potentially enabling millions of transactions per second.
* **Security:** Conflux employs a combination of cryptographic techniques and consensus protocols to ensure the security of its network.
* **Decentralization:** Conflux utilizes a decentralized network of nodes to maintain its blockchain, ensuring that no single entity has control over the network.
* **Efficiency:** Conflux's innovative consensus mechanism consumes significantly less energy than other blockchains, making it more environmentally friendly.
**Recent News**
* **Conflux Integrates Chainlink Oracles:** Conflux has integrated Chainlink oracles to enable decentralized price feeds and data feeds on the platform. This integration will be crucial for the development of DeFi applications on Conflux.
* **Conflux Launches CFX Staking Rewards:** Conflux has launched a staking program that rewards CFX token holders for participating in the network's consensus mechanism. This program will increase the demand for CFX tokens and potentially drive up their price.
* **Conflux Partners with dYdX:** Conflux has partnered with dYdX, a popular decentralized exchange, to provide liquidity for dYdX's USDC-ETH perpetual swap. This partnership will bring more users to Conflux and increase the demand for CFX tokens.
**Disclaimer**
Please note that cryptocurrency markets are highly volatile and unpredictable. Past performance is not necessarily indicative of future results. Invest only what you can afford to lose.
**Conclusion**
Conflux is a promising blockchain protocol with the potential to address some of the scalability and efficiency issues that plague other blockchains. The integration of Chainlink oracles, the launch of CFX staking rewards, and the partnership with dYdX are all positive signs for the future of Conflux. However, it is still too early to say whether Conflux will be able to achieve its full potential. Investors should carefully consider the risks involved before investing in CFX.
CFX inteligentassetRejected at 0.23 resistance.
bullish scenario
resistances 0.23, 0.236 upper limit channel, 0.273 horizontal
bearish scenario
supports 0.201 in 800 ema, 0.1934
0.187 in 50 ema, 0.174 in 200 ema
CFXUSDTIn my opinion, the QM pattern has hit and it can reach 0.70 cents. It should be noted that CFX has not grown much compared to other currencies.what is your opinion ?
Bullisg on $CFXIt seems that LSE:CFX is accumulating strength and is poised for a significant upward movement soon. I am awaiting a price action shift from BTC, which is gaining momentum, to propel LSE:CFX upward
CFX inteligentassetbullish scenario
resistances 0.217 high pivot, 0.23, 0.235 upper limit channel, 0.27 W pattern target& trend line
bearish scenario
supports 0.2 in 800 ema, 0.193, 0.18 in 50 ema, 0.17 trend line& 200 ema
CFX Ready For Serious Correction?Looking at the daily on CFX we can see a major sign of weakness that MAY be signaling we are ready for a much larger move to the down side.
After an insane 2000% push to the up side we seen a 50% retrace of that entire move and have since pushed up exactly 50% of the way to the top of the mega rally.
This is a 50% retrace that has put in a lower high, had a clear identifiable trend that was broken, and is now being retested. IF we are head down much farther the next bearish signal will likely kick the move off.
IF we see a bearish rejection at .20 target will be a 75% retrace of the 2000% pump in the .5-.6c area.
Current Trading Plan is to short the bearish rejection of .20 and cover at bullish signals at 1/8 increments to the target area. A brake of the high Look for higher prices.
Trade Well....
#CFX/USDT LONG
#CFX
The price is moving sideways and has touched the lower border of the channel,
where the support area is
The price is expected to move from the current point
upwards to the current price of 0.1760
First goal 0.1812
Second goal 0.1894
Third target 0.2041
CFX/USDT Good Scalping OpportunityHello everyone.
There is good chance for short position on CFX.
SL: 0.2045
Targets:
1) 0.16
2) 0.158
3) 0.155
Best luck
Is it time for CFX? Thanks to SEC's BTC-ETF approve alt-season is gonna carry on. What I am looking at is 70% potential move and beautiful triangle pattern after big impulse in October. We need only one confirmation to go up which is break the downtrend channel in 1D TF, also closing candle around 0.22 in 1D TF is gonna be huge confirmation too. I will be taking profits at those green lines.
cfxusdtCFX analysis:
Price has been rejected from the resistance area and is now ranging between the support and resistance levels. Now the price is at support area if it can hold it , you can open a long position with tight stoploss(spot)
Local Support Area: $0.168-$0.174
Next Support Area: $0.132-$0.148
Major Support Area:
$0.10-$0.11
Local Resistance Area:
$0.199-$0.205
Major Resistance Area: $0.235-$0.254
CFX LongCFX look pretty good and I'm expecting a good run from it
Wait for entry to mitigate and long from there
CFX Jumps 14%, Can It Continue to Rise?BINANCE:CFXUSDT has been in a consolidation channel between $0.1655 and $0.2190 over the past few weeks. Following its 24-hour gain, the altcoin seems to be on track to retest the upper boundary of this range in the coming couple of days.
Should CFX close a daily candle above $0.2190 within the next week, it may have the foundation needed to continue rising to $0.2790 in the short term. This bullish thesis could be invalidated if the Conflux price is rejected by the $0.2190. This could lead to a correction for the altcoin back down to the $0.1655 support level. If sellers decide to exert additional pressure on CFX when it reaches this point, it could be at risk of dropping down to $0.1400 in the following few days.
Bullish Technical Flags About to Be Triggered
Technical indicators suggested that the Conflux price may continue to rise in the coming 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish.
The MACD suggested that CFX’s positive trend may continue as the MACD line was rising towards the MACD Signal line. In addition to this, the slope of the MACD Histogram was positive. Should the MACD line cross above the MACD Signal line soon, it will trigger a noteworthy bullish technical flag. This potential intersection of the two technical indicators will most likely be seen as a confirmation of the positive trend continuing.
In addition to this, buyers were in the process of growing stronger against sellers. This was evident by the RSI, which was looking to break above its Simple Moving Average (SMA) line. A cross between these two lines will mean that it will be easier for bulls to drive the Conflux price higher than it will be for sellers to drag it down in the next few days.
CFX up 600% YTD.. ₿ Still More Upside to come?.1070 was the Monthly support level in February 2022. Price is currently bouncing off this level in October 2023 or 1.5 years later. CFX hit a low in December 2022 at 0.022.
cfx inteligentassetBullish scenario
Resistance at 0.1934
A breakout could lead to an upper limit of the channel at 0.23
Bearish scenario
Support limit 0.18 at 50 ema
Next support at 0.1712 at 200 ema consolidation with horizontal trendline
