CFXUSDT.PS trade ideas
flag - tgt 0.1971cfx looks to have a flag pattern with a minimum tgt of 0.1971. should complete within the next few hours.
This is clearly bullish i think but hope some volumeI think it would be pump if volume get higher
It’s a bull flag i think and would break soon
CFX Long, fills the 1d gap aboveThis trade is kind of a copy of the PEOPLEUSDT trade where price filled the gap,
i think this is a pivot point where the 4H aroon is showing a strong convergence and a break of the diagonal, this has also in the past been a HSAKA coin
Put 1% risk on this trade, and it is taken at daily resistance but the way the micro-structure is shaping i think it breaks it
CFX Updated Long Trading PlanCFX along with FET were some of the largest bear market movers indicating they have solid public support. After the current push up in the market tides are clearly rising and likely to continue. For now....
Current Trading plan is look for a pull back that consolidates above our last daily support and resistance flip in the .13-.15 area. IF price makes it all the way down and we have bullish looking oscillator signals a new long position may be in order.
Price may or may not make it back to this area but IF it does it will be a good low risk long entry setup for a potential 40+% push to the upside.
Price doesn't always come all the way back for a full retest but when it does it presents a trading setup that has a clear location to look for entry and invalidation areas.
When buyers are extremely bullish fully discounted prices may not present themselves and as such requires alot more risk. Personally I leave these alone and stick obvious and clear entry and exit setups. This may be one of them....
Trade Well.....
CFX IS ABLE TO SHOW 200% VOLUME SINCE LAST DATASince the data shows there is volume from China coins, CFX can be the next one that can show a break increase in the coming time.
There is unexpected China volume on some China-connected coins. This can be a new adding for bullrun.
AND CFX is a coin that shows with high chance that China's volume effect can target.
Manage the risk well, this is not trading advice.
CFX VOLUME INCREASECFX seems to have a building increase in volume since 19-1-2023
We are checking if this coin can soon target higher targets.
#CFXUSDT.P - LONG FIRST / THEN SHORTHello, mates...
This evening I'm tracking the #CFXUSDT.P coin. It will be a two-legged trade. In the first leg, I intend to move my long position up to the 0.1770-0.18 band. If it goes as I expect, as the second leg, I will be shorting my position, which I closed in the 0.177-0.18 band, at 0.19 levels, and for 60% of my target, I will try to continue with a trailing stop to drive down as much as I can for the remaining 0.15 level. But 0.13 levels can be a nice target.
I hope it goes as I expect...
Good Luck
My statements are not investment advice!!!!
CFX Unlocking Potential: Why It's Time to Buy Now!"**Short Fondamental of CFX Crypto**
Conflux Network (CFX) is a high-performance, layer-1 blockchain protocol that combines a directed acyclic graph (DAG) structure with a consensus mechanism called Tree-Graph Consensus (TGC). This hybrid architecture allows CFX to achieve high transaction throughput and scalability while maintaining security and decentralization.
CFX is designed to be a next-generation infrastructure for decentralized applications (dApps). It offers a number of features that make it well-suited for this purpose, including:
* High transaction throughput: CFX can process up to 6,000 transactions per second (TPS), which is significantly higher than other popular blockchains such as Ethereum and Bitcoin.
* Low transaction fees: CFX transaction fees are very low, making it a cost-effective platform for users and developers alike.
* Scalability: CFX is designed to be scalable to meet the demands of growing dApps. It can handle millions of concurrent users without sacrificing performance.
* Security: CFX uses a number of security features to protect its network and users, including a DAG structure, TGC consensus mechanism, and multi-signature wallets.
**Recent News of CFX Crypto**
Here are some recent news and developments related to CFX crypto:
* On October 11, 2023, Conflux Network announced a partnership with the Chinese government-backed blockchain consortium BSN. This partnership will give CFX access to BSN's network of over 100 million users and 1,000+ enterprise nodes.
* On October 17, 2023, Conflux Network launched its mainnet 3.0 upgrade. This upgrade included a number of improvements, such as increased transaction throughput, reduced transaction fees, and improved security.
* On October 20, 2023, Conflux Network announced a partnership with the Web3 infrastructure provider Ankr. This partnership will make it easier for developers to build and deploy dApps on the Conflux Network.
**Disclaimer**
However, I am not able to provide financial advice. If you are considering investing in CFX or any other cryptocurrency, please do your own research and consult with a financial advisor.
$CFX ANALYSISLSE:CFX ANALYSIS
In the daily timeframe, LSE:CFX increased 30% from its bottom and reversed trendline to up trend (in daily timeframe) that would be the bullish confirmation. All I need is waiting. When LSE:CFX backtests $0.11, you can buy it and don’t need to set up the stop-loss because you can hold and hit the long target with $CFX.
CFXUSDTBYBIT:CFXUSDT.P My trading setup!
This trading plan incorporates mechanical strategies along with smart money concepts.
Please be aware that investing in FX, Crypto, or any financial instrument carries inherent risks. It's advisable to consult a financial advisor or conduct thorough research before making any investment decisions.
CFXUSDTIs CFXUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1400 followed by 0.1200.
What you guys think of it?
CFX Uptrend Continues After...So the market has pushed up and CFX has formed a clear ascending channel. IF it holds another long position from the bottom of this channel may be in order.
Current Trading Plan is to look for an ABC correction on the current swing and hopefully bullishly bounce off the bottom of this channel. This would provided a clear stop loss invalidation area just below the channel with a clear target at the top.
Trade Well....
CFX, hot shill for breakout comming soon BINANCE:CFXUSDT
CFX's trying to breakout on daily timeframe.
Price is closed above the Tenkansen, cloud kumo is fading out.
We can try to setup a LONG position here. And it will hit: 0.15 -> 0.175 -> 0.24 in the midterm.
Do your own risk management.
Follow me for more chart analysis.
Patience is the key to success.
DYOR
Uptrend reversal point: above 0.1350Hello?
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(CFXUSDT chart)
The key is whether the price can be maintained by rising to the 0.1953-0.294 range.
(1W chart)
Accordingly, it is necessary to check whether support can be received by rising above 0.1350.
(1D chart)
If the price rises above 0.333 and holds, it is expected to create a new wave.
The key is whether it can receive support around 0.1212-0.1282 and rise to around 0.1640-0.1882.
Otherwise, if it shows resistance below 0.1212, it may fall to around 0.0792, so you need to think about a response plan.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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CFXUSD ❕ tests the resistance50EMA broke up through 200EMA (30m TF)
RSI is in the buying zone.
I believe that the asset will continue to rise.
CFX Getting Ready To....?CFX is another project that pumped hard at the bottom of the bear market indicating it will most likely be a big mover this cycle. We will do a macro analysis on this soon
Current Trading Plan:
Stop loss is a little wide for a possible reverse head and shoulders. 10% or laddering in down to the stop loss area.
Target 1 will be 50% retrace of the last swing and just above the current local highs approximately 15% higher.
Target 2 will be the top of the fair value gap at a past support level just below the 200EMA and the .786 retrace level and approximately 30% higher
Conflux Possible Playout ChartCFX price movements are predicted to increase because there is bullish confirmation after breaking the resistance line at $0.1275. However, this confirmation certainly has the potential to experience bearish again, but here the movement is quite positive for bullish. The upside potential for CFX is $0.1415 with a potential gain of 11.01% this week. Of course, this potential goes back to existing market conditions. There are several key levels for CFX, namely $0.1345 as the nearest resistance.
$CFX Performing descending broadening LSE:CFX Performing descending broadening wedge pattern
Descending Broadening Wedge Pattern Explained
A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines .
A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the downtrend in price. Price should touch each line 2 or 3 times to be considered a valid pattern. This pattern looks like a megaphone pointing down and to the right.
A descending broadening wedge is looked at as a bullish pattern as it forms but it is not validated as a buy signal until the pattern starts to make short term higher lows and higher highs and the upper resistance trend line is broken and price begins to move to the upside and above the upper trend line. As the descending broadening wedge pattern is forming trading volumes become most meaningful as the pattern breaks out above the upper trend line, this should happen on increasing volume showing that the chart is starting to go into an accumulation cycle.
