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CFXUSDT trade ideas

✴️ Conflux Keeps Growing After 2,144%?One of the Altcoins that did best in the initial 2023 bullish breakout was Conflux and this is clearly seen by the numbers on the screen. The wave that started in late December 2022/early January 2023 peaked mid-March at an astonishing 2,144%. As it is normal, a long correction phase followed this massive wave. ✔️ CFXUSDT dropped from mid March through 12-May, when a hammer candlestick showed up. We know the hammer to be a strong reversal signal when it comes at the end of a correction. The hammer cannot work by itself and we look/wait for confirmation which is coming in today. ✔️ CFXUSDT is moving above EMA10, EMA21 and EMA50 with a strong 55.5 RSI. This type of action can lead to additional growth and for this pair to hit a new high. Analysis valid as long as the current price remains above the 12-May wick low. Remember to follow me if you enjoy the content. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
CONFLUX (CFX/USDT.P) CnH in 4h TF BINANCE:CFXUSDT.P Hello Traders, As we can see CFX in a Cup and Handle formation. which is just about to complete. A break out from neck line would send the price to the target areas marked in the white dotted lines. Here are some fundamentals above CONFLUX Network Sharding Technology for Scalability: TPS Improvement and High Throughput: Layer-1 Cross-Chain Interoperability: Ecosystem Growth and Partnerships: Developer-Friendly Environment: CFV Conflux Network's updates and advancements in scalability, interoperability, and ecosystem growth demonstrate its commitment to pushing the boundaries of blockchain technology. With a strong focus on performance, security, and developer support, CFV Conflux Network continues to make significant contributions to the blockchain ecosystem, fostering innovation and driving the adoption of decentralized applications. At the time to charting this, CFX was trading 0.2993 Always DYOR ✔️ Trade well my friends Stay SAFU, and Let that Sink in 😉
Long
by Jova-A
CFX the NEO killer Opinion: In the ever-evolving landscape of digital currencies, Conflux (CFX) has been carving out its niche. This innovative cryptocurrency has been turning heads due to its unique benefits and deep-rooted connections to China and Hong Kong. The Unique Edge of CFX Cryptocurrency CFX, the proprietary token of the Conflux Network, stands out from the crowd of cryptocurrencies with several distinct advantages. Foremost among these is its ability to handle a high volume of transactions per second without sacrificing security or decentralization, as reported by CoinDesk. This scalability makes it a prime choice for developers and businesses aiming to create decentralized applications (DApps). Additionally, CFX transactions are both swift and economical. The Conflux Network employs a unique Tree-Graph consensus mechanism, which facilitates rapid transaction confirmation times and minimal fees. This makes it an attractive option for users who need to make frequent transactions. The China-CFX Connection CFX's ties to China are robust and multifaceted. The Conflux Network was established by a team of Chinese computer scientists and is the only public blockchain in China to receive state endorsement. This governmental approval gives CFX a unique standing in the Chinese cryptocurrency market and could potentially drive widespread adoption within the country. CFX has also been proactive in forging partnerships and launching initiatives within China. A case in point is their collaboration for an NFT (Non-Fungible Token) airdrop in China, as highlighted by Cointelegraph. This event was a significant milestone, demonstrating the potential of CFX and NFTs in the Chinese market. CFX's Footprint in Hong Kong CFX's influence extends beyond mainland China to Hong Kong. The Conflux Network has been actively involved in the Hong Kong blockchain community, participating in various events and initiatives. This active engagement helps to raise the profile of CFX in Hong Kong and strengthens its ties with the local blockchain community. The Potential of CFX and Its Governmental Ties The Conflux Network, powered by CFX, has a broad range of potential applications. It can be utilized to develop decentralized applications across a variety of sectors, including finance, gaming, and supply chain management. The network's scalability, speed, and low transaction fees make it an appealing platform for developers and businesses. Furthermore, CFX's relationship with the Chinese government could open up unique opportunities. The Chinese government has been actively investigating the use of blockchain technology in various sectors, as noted by South China Morning Post. As the only state-endorsed public blockchain in China, the Conflux Network could play a pivotal role in these initiatives. Strengthening Network Resilience: The Growth of CFX Miners Hashrate An important aspect of the Conflux Network's growth and resilience is the steady increase in its miners' hashrate. The hashrate, which measures the computational power of the network, has been on an upward trajectory, indicating a growing number of miners contributing to the network. This growth in hashrate is a testament to the increasing trust and commitment of miners in the Conflux Network. A higher hashrate not only signifies a more secure network but also enhances the network's resilience against potential attacks. As more miners join the network and contribute their computational power, it becomes increasingly difficult for any single entity to gain control over the network, thereby ensuring the integrity and security of the CFX blockchain. This growing resilience is a key factor in the Conflux Network's potential for long-term success and stability. Moreover, the rise in hashrate also reflects the increasing recognition of CFX's potential among miners. As the network continues to grow and evolve, it is expected to attract even more miners, further strengthening its security and resilience. This trend underscores the promising future of CFX as a robust and secure platform for decentralized applications and transactions. Conclusion CFX is a cryptocurrency with immense potential, offering unique advantages and strong ties to China and Hong Kong. Its scalability, speed, and low transaction fees make it an attractive option for users and developers. Moreover, its strong connections to the Chinese government could lead to unique opportunities and widespread adoption in China. As the world continues to embrace blockchain technology, CFX is well-positioned to play a significant role in this digital revolution. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. 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Long
by TheBitcoinGeneration
1
$CFX: A Promising Opportunity for ShortingLSE:CFX is a chain that has been largely inactive and lacks the fundamental support necessary for sustainable growth. Its history reveals a pattern of being artificially pumped multiple times, often driven by temporary narratives and market hype. While these pumps may create short-term excitement and volatility, they are typically not indicative of genuine, long-term value. Based on my analysis, I have concluded that LSE:CFX is currently overvalued, considering its lack of underlying strength and reliance on artificial stimuli. This creates an advantageous situation for shorting the coin and potentially profiting from its decline. However, it is important to approach this strategy with caution and prudence. I recommend initiating short positions with low leverage to minimize risk and maximize potential returns. By taking a measured approach, you can mitigate the inherent volatility and uncertainties associated with shorting. As LSE:CFX 's weaknesses become more apparent and the market adjusts, you stand to be rewarded for your thoughtful analysis.
Short
by ProfitsPorn
CFX - One of the Few Alts I can dare to buy atmSituation is scary, I know. Debt ceiling, war in Ukraine, inflation, people around the world are divided for a billion different reasons etc etc...yes, ok Go short, allow me to go Long on CFX: What do I need as a trader? Good news and a good valid chart. So here we goi: News: Conflux and China Telecom Debut First On-Chain Interaction With Blockchain SIM Card Conflux Network, the first regulatory compliant public blockchain in China, and global communications network, China Telecom, today unveiled its jointly developed BSIM (blockchain SIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai. In a world first, the BSIM card is a mobile user identification card based on blockchain technology. With an appearance nearly identical to traditional SIM cards, the BSIM card is fully compatible with mainstream mobile terminal systems such as Android and iOS. It also boasts storage space 10-20 times larger than traditional SIM cards and computing power several dozen times greater. Alongside traditional communications functions, the BSIM card also can generate and store users’ public and private keys within the card. CHART: I see support on 2 of my set ups and my moving average confirms. So i am Long here with stop loss 0.284 If it goes against i am ok to lose what i risk.. if it goes well i make more than i risk multiplied. Targets for me is 0,37 and 0.41 for now. One Love, The FXPROFESSOR PS. Yes, i know, situation is bad everywhere and everything, i know: we will go Big time shorts but you have no idea where yet and when. It will come! Stick around buddies and let me know on the comments what do you think i will short BIG TIME soon!
Long
by FX_Professor
4