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CFXUSDT trade ideas

CFX → a possible movehello guys. let's analysis $BINANCE:CFXUSDT! 1. Consolidation Phase: The price has been moving sideways, trapped between two key levels: a support zone around $0.1230 and a resistance zone around $0.1465. This consolidation is marked by the yellow rectangles, indicating areas where the price has found significant support and resistance. 2. Resistance Zone: The resistance level at $0.1465 is critical. During the recent consolidation phase, the price has struggled to break above this level. If the price can break through this resistance, it would signal a potential shift from the consolidation phase to an upward trend. 3. Bullish Scenario: Upon breaking the resistance at $0.1465, the price will likely target the next resistance level at $0.1707. This move would represent a continuation of the bullish trend from the current support level and could signify renewed buying interest. 4. Support Zone: The support around $0.1230 is strong, with the price rebounding from this level multiple times. If the price falls below this support, it could indicate a bearish scenario, leading to further declines. Summary Consolidation Phase: Price is moving sideways between $0.1230 (support) and $0.1465 (resistance). Key Resistance: $0.1465 is the crucial resistance level to watch for a potential bullish breakout. Bullish Scenario: Break above $0.1465 could lead towards $0.1707. Support Zone: $0.1230 is the key support level; a break below could lead to further declines. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and
Long
by melikatrader94
6
CFX Re-Accumulating For A Push Up?CFX has been on our short list of big movers as its recovery in the bear market was among the highest gainers at a 25x. A clear sign of major support off a bear market bottom. Price has since put in a higher low, higher high, and now a 100% retrace for a potential double bottom. Just sounds bullish... In this same green range this double bottom is also the volume based value area low of the entire price range for the past three years. Looking at the curvature of the lows in the price action we can also see a clear loss of down ward momentum into this significant macro support level. Wave trend oscillator is also showing we are in the "time frame" of the liquidity cycle for a rotation of some kind to the upside. Unfortunately this doesn't mean there can't be some kind of major flash crash first.... Its a time thing showing the shift of momentum from selling to buying. Current trading plan is to accumulate initially targeting a 50% rise in price for less than a 50% retrace. Second target is a simple and very typical 50-62% golden pocket retrace and the volume based value area high of the past 3years of price action The last target may be wishful thinking BUT if the project had enough support previous before pumping to go as high as it did and there is now more support for it.... this is what creates and expansion of the range. New and more support for the project....Typically lands in the 1.5 expansion area... If we see the reversal and upward rise from here I would expect at least resistance and need to consolodate in these areas. If the rise continues great be each is worth location to lock in any gains, watch and reaccumulate if necessary with the rest.... Trade Well... Your Friend, Degen
Long
by Degen-Dynasty
LONG #CFXUSDTLONG #CFXUSDT from $0.12529 stop loss $0.12451 15m TF. The coin is moving in a local uptrend, pushing the price along the trend line, which indicates the presence of active buyers pushing the price to overshoot. The compression goes to two clear resistance levels, beyond which there is unrealized liquidity. I will be waiting for a smooth approach to the levels, the formation of consolidation and an upward movement on the activity in the glass. 1TP — 0,12638 2TP — 0,12751 3TP — 0,12827
Long
by CScalp_EN
Comprehensive Analysis of CFX✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the CFX coin in the crypto market. 🗂 About the Project: CFX, or Conflux, is a decentralized platform designed to facilitate the creation of decentralized applications and to support large-scale commercial use. Known for its unique Tree-Graph consensus algorithm, it aims to provide high throughput and low latency for blockchain transactions, making it a popular choice among developers. 📅 Weekly Timeframe Analysis In this timeframe, CFX has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, CFX is at a support level of 0.1081 after a correction phase. 📈 If CFX stabilizes above 0.2336, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.5155. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if CFX falls back into the range between 0.1081 and 0.2336, and stabilizes below 0.1081, it indicates a bearish trend continuation. The next critical support level would be around 0.0539. In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅 Daily Timeframe Analysis On the daily chart, CFX ranged around the 0.1955 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.1421. 🧲 Given the current setup, a stabilization below 0.1421 could signal another bearish wave. On the flip side, if the price moves above 0.1955, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅 4-Hour Timeframe Analysis In the 4-hour timeframe, CFX has pulled back to the SMA99 and reached the resistance at 0.1976. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📈 For short positions, the key levels to watch are 0.1976 and 0.2611, where price reactions could provide better entry points. 📉 For long positions, critical levels are 0.1421 and 0.1081. 📊 RSI Oscillator The RSI is currently ranging between 44.24 and 55.86 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
CFX / TetherUS _ Distribution _ Prices _ Q3 _ Under _ Trading _CFX / TetherUS _ Distribution _ Prices _ Q3 _ Under _ Trading _ Venue _ Binance. Someone while ago asked for CFX. Almost ready! TimeFrame: 1D Note: 2 Retest require prior the breakout! (Red Area) 1st Mid Distribution price: $0.2216 $0.2435 $0.3065 _____________________ Now we calculate the Breakout prices: $0.3096 $0.3769 $0.4429 $0.5048 $0.5756 How did I achieved to the above numbers: Once the mid distribution price is confirmed we start calculating the number of months between 1st of January 2023 and 28th of March 2022, we need to account for the full months and the partial months at the start and end. Step-by-Step Calculation 1. We calculate the full months between April 2022 and December 2022: - April 2022 to December 2022 is 9 full months (April, May, June, July, August, September, October, November, December). 2. We calculate the days in the partial months: - From March 28 to March 31, 2022: 31 - 28 + 1 = 4 days. - January 2023 is counted as the full month up to January 1. Then we do the conversion of Days to Months There are about 30 days in a month, so 4 % 30 = 0.13 months Then we calculate the total Months: Now we combining the full months and the partial days converted to months: - Full months: 9 - Partial months: 0.13 Total months: 9 + 0.13 = 9.13 Therefore, the difference between 1st of January 2023 and 28th of March 2022 is approximately 9.13 month.
by Skill-Knowledge-Conduct
$CFX loadingAn inverse head and shoulders is a chart pattern used in technical analysis to identify potential bullish reversals in a downtrend. It consists of three parts: two shoulders and a head in between them. Here’s how you can trade the inverse head and shoulders pattern: ### Identification 1. **Left Shoulder**: The price declines to a new low, then rises. 2. **Head**: The price declines again, forming a lower low than the left shoulder, then rises. 3. **Right Shoulder**: The price declines once more, but not as low as the head, then rises. 4. **Neckline**: Draw a line connecting the peaks between the left shoulder, head, and right shoulder. This line is called the neckline. ### Trading Steps 1. **Confirmation**: - The pattern is confirmed when the price breaks above the neckline. Wait for a close above the neckline to confirm the breakout. 2. **Entry**: - Enter a long position (buy) once the price closes above the neckline. Conservative traders might wait for a retest of the neckline as support. 3. **Stop Loss**: - Place a stop loss below the lowest point of the right shoulder to minimize risk. 4. **Target Price**: - Measure the distance from the head to the neckline. Add this distance to the breakout point to set your target price. ### Example 1. **Identification**: Suppose the price forms the left shoulder at $40, drops to $30 to form the head, rises back to $35, then drops to $32 to form the right shoulder, and the peaks between these are at $35 and $34. 2. **Neckline**: Draw a line connecting $35 and $34. This is your neckline. 3. **Confirmation**: Wait for the price to break above the neckline (say at $34.50). 4. **Entry**: Enter a long position at $34.50. 5. **Stop Loss**: Place a stop loss slightly below $32 (the right shoulder low), e.g., at $31.50. 6. **Target Price**: The distance from the head ($30) to the neckline ($34) is $4. Add this to the breakout point ($34.50) to get a target price of $38.50. ### Tips - **Volume**: Look for increasing volume on the breakout above the neckline. This adds confirmation to the pattern. - **Risk Management**: Always use stop losses and consider your risk-reward ratio before entering a trade. - **Retests**: Sometimes, the price might retest the neckline after breaking out. This can be an additional entry point. ### Conclusion Trading the inverse head and shoulders pattern involves identifying the pattern, waiting for confirmation, entering at the right point, and managing risk with stop losses and profit targets. Always practice with paper trading or a demo account before using real money.
Long
by Crypto-Adda_Official
4
CFX Technical Analysis: Potential for a 3X gain.Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: CFX/USDT is showing a promising setup on the 3-day chart, with strong support around $0.103 and significant resistance at $0.55. The price has recently bounced off the support level and is currently hovering near the EMA ($0.1796), indicating a potential upward movement. Key Levels: - Current Price: $0.174. - Primary Resistance: $0.1796. - Higher Resistance: $0.55. - Support: $0.103 to $0.124. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
Long
by Cryptorphic
Conflux Prepares For S-Wave After D-Top (600% Possible)After a more than a year long double top (D-Top), Conflux (CFXUSDT) is preparing for a new standard wave (S-Wave). We have multiple signals pointing to this wave now developing, starting with the d-top and long-term duration higher low. The minimum target for this s-wave sits around the last high as a test/challenge of previous strong resistance. This means 200% growth potential (which is awesome). This wave can develop really fast, it can unravel in a matter of weeks. Prices going beyond this target can also happen with numbers similar to what is shown on the chart. My job is the alert you of the best timing in the Galaxy, the greatest entry in the Universe; once you are in, you can take care of the chart. We have early signals in place of a higher low so watch out... Keeping in mind that market conditions can always change. If a crash comes, make sure to plan for it with an exit strategy, some people call it a stop-loss. Thank you for reading. Make sure to boost if you would like to see more; & follow. Thanks a lot for your support. Namaste.
Long
by AlanSantana