CFXUSDTHello everyone,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for CFXUSDT
Clearly, R3 and R1 are the resistance areas in this chart with their presentation of the disability of the price to rise at several points. R2 used to be a support area. And S1 is a long-term support area at the bottom that contains the support of price at some points. We see that the price was fluctuating in a descending channel in the past and then after a noticeable rise, it could reach higher amounts such as R3. Then be being rejected there, it had a kind of waterfall decline down to S1. Therefore, it is fluctuating below R1 and we predict it to experience more decline toward the bottom of S1 area after it experienced a little increase to R1 line. Here we will have two options. Either the price loses more support and falls below S1 and certainly more decline is there for it. Or it happens that the price is able to be supported and break R1 upward and via more fixation and support there, more rise toward R2 is expected. We highly recommend you to be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a great time
CFXUSDT trade ideas
CFX - Pulling back, but could pump soon
In the previous thread, the divergence effectively signaled the end of the upside (blue wave 5).
We´re now in full pullback mode, and I expect price to reach the yellow box. A reaction from this zone could be a bullish indicator, but let´s wait for clear price action before any moves.
CFX, new round to the upside on queueCFX is preparing for a new round to the upside based on hourly data. It is now consolidating at strong order block levels at 0.36 area.
A reverse to the upside may come anytime now. Expect a revisit of the last peak at .44 area -- and a possible breakout off it.
spotted at .370
TAYOR.
#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.
$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.
CFXUSDT: IS bull trap happen?Disclaimer
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