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CFXUSDT trade ideas

#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!!!!
Long
by Binanciega
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.
Long
by MoonTradingForecast
3
Uptrend reversal point: above 0.1350Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (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. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
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
Long
by Degen-Dynasty
1
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.
Long
by Cozybanana78
$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.
Long
by Crypto-Adda_Official
Signals Green On CFX: Buy Now, Thank Me Later!"Let's embark on a thrilling journey through the intricacies of CFXUSDT! 🚀 Join me as we dissect its price movements, uncover potential patterns, and reveal the hidden gems that could drive your crypto portfolio to new heights. Get ready for an in-depth analysis that's packed with insights and tailored just for you Welcome to my channel! Dive into the world of cryptocurrency with daily technical analysis, where we explore the latest market trends and uncover potential opportunities. From Bitcoin to a wide range of altcoins, I'm here to provide you with valuable insights and predictions to empower your investment decisions. Please remember that crypto technical analysis is a powerful tool, but it's not infallible. It's essential to consider a holistic approach to your investments, taking into account factors like overall market trends, economic conditions, and information dissemination. This channel is dedicated to expanding your knowledge and fostering meaningful discussions. Join me for the most up-to-date analyses, and don't forget to engage in the conversation in the comments section below! Remember, this content is for informational purposes only and should not be considered financial advice. Always use it as a part of your broader investment strategy."
Long
by MoonTradingForecast
1