Is #CFX’s Breakout Just a False Alarm or a Major Move is Ahead?Yello Paradisers! is #CFXUSDT Ready for another massive rally or not? Let's discuss the latest analysis of #Conflux and see what's happening:
💎After grinding for 4-5 months in a tough downtrend, #CFX has finally broken out of its descending channel, fueled by a solid push off the major support at $0.130-$0.138. But don’t get too comfortable because a retest of this support zone could be on the horizon.
💎For this rally to gather real momentum, #CFX must clear the minor resistance at $0.226. If the bulls manage to push past this key level, we could see a stronger surge toward the next major resistance, powered by increasing volume and support from the 20EMA—clear signs that the bulls may finally be taking charge.
💎If the momentum stalls, be prepared for a pullback. A retest of the breakout zone or the major support at $0.130-$0.138 is possible. If this support doesn’t hold, expect a drop toward the lower demand zone at $0.113.
💎A break below $0.113 would shift the control back to the bears, likely leading to a deeper correction and dashing hopes for a bullish recovery in the near term. Stay vigilant, Paradisers—trading at these levels demands caution and a strategic approach.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
CFXUSDT trade ideas
CFX is readyAfter an 80% correction from $0.55 this year, CFX seems to have found its lowest price of the year at $0.125. With Bitcoin's positive price movement, CFX looks to provide positive price movement. The signs are that the price action crossed the 21 SMA (weekly chart), and the RSI reversed and crossed the 50 boundaries.
CFX's target is to make a higher high after $0.55. But before that, CFX must be able to cross the $0.23 price because there is a potential supply in that area.
CFXUSDT Breaks Double-Bottom ResistanceCFXUSDT Technical analysis update
CFX/USDT price found strong support at $0.10 and bounced 110% from this level, forming a potential double-bottom pattern. The price is now breaking the neckline resistance on the daily chart while trading above the 100 and 200 EMA. This setup indicates a possible 100-200% bullish move from the current levels.
CFX is super bullish (2D)It appears to be within a large diametric pattern where wave E has recently concluded. After a brief period of consolidation or minor negative fluctuations, it could move toward the targets of wave E.
By maintaining the green zone, the price may move upward.
Closing a daily candle below the invalidation level will invalidate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CFX/USDT Technical Analysis Update📈 CFX/USDT Technical Analysis Update
The chart shows a potential bullish breakout scenario forming! We're currently seeing a harmonic pattern development, with key levels aligned for a move:
💎 Resistance: $0.2133
📉 Potential Retrace Area: Trendline support zone
Keep an eye on how price reacts at the highlighted zones. A breakout above resistance could lead to a significant bullish run, but if rejected, expect a move back to the support zone.
🚨 Disclaimer: This is not financial advice. Always DYOR before trading!
#Crypto #CFX #TradingView #TechnicalAnalysis
#CFX: Unlocking the Potential of ConfluxDescription:
This trading idea highlights CFX, the native token of the Conflux Network, a public blockchain designed to tackle scalability, interoperability, and decentralization challenges. Conflux leverages its unique Tree-Graph consensus algorithm to achieve high throughput and low latency, making it a standout solution for developers and enterprises. CFX serves as the backbone of the ecosystem, enabling transactions, staking, and governance. With growing adoption in Asia and partnerships with major tech players, CFX is positioned to play a significant role in the global blockchain space.
Despite its potential, the cryptocurrency market is highly volatile, influenced by regulatory developments, market sentiment, and macroeconomic trends. As with any digital asset, investing in CFX carries risks and requires a well-thought-out strategy alongside proper risk management.
Disclaimer:
This trading idea is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies like CFX carries substantial risk, including the potential for a total loss of investment. Always conduct thorough research, assess your financial position, and consult with a professional advisor before making investment decisions. Past performance is not indicative of future results.
CFX/USDT Accumulation Zone: Potential for Bullish Reversal
Technical Analysis of CFX/USDT
The chart provides an interesting setup, with the past inverse head and shoulders pattern indicating a potential shift in market sentiment. Although this pattern already broke in the past, it serves as a reference for a possible change in the overall market direction.
Currently, the price has found support at the 1200 level, which presents a strong accumulation point for long positions. This level has held multiple times, suggesting that buyers are stepping in to defend it as a significant demand zone. As long as the price remains above 1200, the outlook leans bullish with potential for upward movement.
Key Levels to Watch:
Accumulation Zone: 1200 – a solid area for entry into long positions, as it has proven to be a reliable support level.
Target Resistance: 2350 – if momentum builds, this is the next significant level to aim for.
The moving average ribbons hovering near the price indicate that the trend is transitioning. A decisive push above these ribbons could solidify the bullish reversal.
👨🏻💻💭 What’s your take on this accumulation zone at 1200? Let’s discuss strategies and give this idea a boost if you’re watching for a breakout!
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#CFX (SPOT) entry range(0.1200- 0.1600) T.(0.4630) SL(0.1181)BINANCE:CFXUSDT
entry range (0.1200- 0.1600)
Target1 (0.2230) - Target2 (0.3330) - Target3 (0.3900) - Target4 (0.4630)
SL .1D close below (0.1181)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX ****
Simple pattern strategy that will bring you profitsDo you want to know why I thought meme coins are strong?
During every pump, all coins follow a certain pattern. This time, they followed a pattern too. But when some coins break those patterns, they become the strongest. What was the pattern?
There was a simple pattern that all alts were following: they would touch the 200 Daily SMA. Almost every altcoin that was breaking out would get rejected after touching it, leading to a correction. You can go and check this yourself.
Now, CFX is breaking out, and the 200 Daily SMA can be a good target for the short term. By the way, it was rejected there the first time. The good part is, if it reclaims it this time, CFX could become a top gainer and potentially deliver a 30-40% rally. Keep an eye on coins like this. There's always a pattern that is secretly followed. If you identify it early, you'll do well.
CFX PUMPTOBER [Wyckoff Accumulation]It is Uptober and great set ups are still keep to great trades
LSE:CFX has recently shown bullish momentum, breaking out from a classic Wyckoff Accumulation pattern. In this setup, the price consolidates at a bottom range before breaking out, indicating a potential shift from accumulation to markup phase, where stronger demand starts driving prices higher.
Understanding the Wyckoff Bottom Theory:
The Wyckoff Accumulation theory describes how "smart money" accumulates assets at a lower price range before pushing the market higher. The process involves several phases:
Phase A – Stopping the downtrend, as supply decreases and demand begins to stabilize.
Phase B – Building a cause: Accumulation continues as large investors absorb supply, creating a range.
Phase C – Spring: A potential shakeout to trap remaining weak hands.
Phase D – Demand outweighs supply, leading to a breakout as volume increases.
Phase E – Markup: The asset moves upward in a sustained bullish trend.
With CFX breaking above resistance levels from this accumulation zone, it could signify the start of a strong upward trend, supported by growing volume and market sentiment. Keep an eye on how the market responds for further confirmation
Conflux CFX price at a critical point, what's next?Let's start with conservative assumptions about which project could receive some of the liquidity that has been actively poured into Chinese markets in the hundreds of billions of dollars to revitalize the economy.
#Conflux is the only public blockchain in China that meets regulatory requirements and is “approved” by the Chinese government.
CRYPTOCAP:CFX has been working with global brands and government agencies in the region on blockchain and meta-network initiatives, including the city of Shanghai, McDonald's China, and Oreos China Telecom.
If we look at the chart of OKX:CFXUSDT , we can see that the price is now at a critical point. To confirm the strength, we need to see a confident consolidation above $0.19
And then, a weak wave of growth can last up to $0.32, and a powerful one can last at least up to $0.67
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CFXUSDTCFXUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?