CFXUSDT trade ideas
CFXUSDTIn my opinion, the QM pattern has hit and it can reach 0.70 cents. It should be noted that CFX has not grown much compared to other currencies.what is your opinion ?
Bullisg on $CFXIt seems that LSE:CFX is accumulating strength and is poised for a significant upward movement soon. I am awaiting a price action shift from BTC, which is gaining momentum, to propel LSE:CFX upward
CFX inteligentassetbullish scenario
resistances 0.217 high pivot, 0.23, 0.235 upper limit channel, 0.27 W pattern target& trend line
bearish scenario
supports 0.2 in 800 ema, 0.193, 0.18 in 50 ema, 0.17 trend line& 200 ema
CFX Ready For Serious Correction?Looking at the daily on CFX we can see a major sign of weakness that MAY be signaling we are ready for a much larger move to the down side.
After an insane 2000% push to the up side we seen a 50% retrace of that entire move and have since pushed up exactly 50% of the way to the top of the mega rally.
This is a 50% retrace that has put in a lower high, had a clear identifiable trend that was broken, and is now being retested. IF we are head down much farther the next bearish signal will likely kick the move off.
IF we see a bearish rejection at .20 target will be a 75% retrace of the 2000% pump in the .5-.6c area.
Current Trading Plan is to short the bearish rejection of .20 and cover at bullish signals at 1/8 increments to the target area. A brake of the high Look for higher prices.
Trade Well....
#CFX/USDT LONG
#CFX
The price is moving sideways and has touched the lower border of the channel,
where the support area is
The price is expected to move from the current point
upwards to the current price of 0.1760
First goal 0.1812
Second goal 0.1894
Third target 0.2041
CFX/USDT Good Scalping OpportunityHello everyone.
There is good chance for short position on CFX.
SL: 0.2045
Targets:
1) 0.16
2) 0.158
3) 0.155
Best luck
Is it time for CFX? Thanks to SEC's BTC-ETF approve alt-season is gonna carry on. What I am looking at is 70% potential move and beautiful triangle pattern after big impulse in October. We need only one confirmation to go up which is break the downtrend channel in 1D TF, also closing candle around 0.22 in 1D TF is gonna be huge confirmation too. I will be taking profits at those green lines.
cfxusdtCFX analysis:
Price has been rejected from the resistance area and is now ranging between the support and resistance levels. Now the price is at support area if it can hold it , you can open a long position with tight stoploss(spot)
Local Support Area: $0.168-$0.174
Next Support Area: $0.132-$0.148
Major Support Area:
$0.10-$0.11
Local Resistance Area:
$0.199-$0.205
Major Resistance Area: $0.235-$0.254
CFX LongCFX look pretty good and I'm expecting a good run from it
Wait for entry to mitigate and long from there
CFX Jumps 14%, Can It Continue to Rise?BINANCE:CFXUSDT has been in a consolidation channel between $0.1655 and $0.2190 over the past few weeks. Following its 24-hour gain, the altcoin seems to be on track to retest the upper boundary of this range in the coming couple of days.
Should CFX close a daily candle above $0.2190 within the next week, it may have the foundation needed to continue rising to $0.2790 in the short term. This bullish thesis could be invalidated if the Conflux price is rejected by the $0.2190. This could lead to a correction for the altcoin back down to the $0.1655 support level. If sellers decide to exert additional pressure on CFX when it reaches this point, it could be at risk of dropping down to $0.1400 in the following few days.
Bullish Technical Flags About to Be Triggered
Technical indicators suggested that the Conflux price may continue to rise in the coming 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish.
The MACD suggested that CFX’s positive trend may continue as the MACD line was rising towards the MACD Signal line. In addition to this, the slope of the MACD Histogram was positive. Should the MACD line cross above the MACD Signal line soon, it will trigger a noteworthy bullish technical flag. This potential intersection of the two technical indicators will most likely be seen as a confirmation of the positive trend continuing.
In addition to this, buyers were in the process of growing stronger against sellers. This was evident by the RSI, which was looking to break above its Simple Moving Average (SMA) line. A cross between these two lines will mean that it will be easier for bulls to drive the Conflux price higher than it will be for sellers to drag it down in the next few days.
CFX up 600% YTD.. ₿ Still More Upside to come?.1070 was the Monthly support level in February 2022. Price is currently bouncing off this level in October 2023 or 1.5 years later. CFX hit a low in December 2022 at 0.022.
cfx inteligentassetBullish scenario
Resistance at 0.1934
A breakout could lead to an upper limit of the channel at 0.23
Bearish scenario
Support limit 0.18 at 50 ema
Next support at 0.1712 at 200 ema consolidation with horizontal trendline
CRYPTO : CFXUSDTHM signal (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement
- Low selling pressure
- Support at Zone @ 0.2017 - 0.2058
It is good to consider buying some at current level, and scale in if price goes up from here.
#CFXIt is moving in a corner pattern, which can have two movement paths: after hitting the upper dynamic trigger, it corrects up to the previous floor, or the second scenario, after exiting the density, after touching the floor, continue to grow up to the previous ceiling. ..
CFX InteligentAssetBreakout at 0.2 the 800 ema
Bullish scenario
Resistance 0.23 Consolidation upper border of the channel and horizontal resistance line
Next resistance at 0.273
Bearish scenario
Support for 0.22 in 800 ema
Next support at 0.193
$CFX4HR:
* Buy signal triggered
* 200 EMA acts as support
1D:
* MA7 > MA25 > MA99
* Supertrend is long
* Chikou Span > Price
CFX PredictionThis looks like a great setup for a mini swing trade for CFX. I longed here and hoping it plays out. Will definetly take small profits as it goes by. SL will be in between the flag. DYOR
CFXUSDTCFXUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.230
What you guys think of this idea?
SFXUSDT 🟢🚀 Premium Crypto Signal Alert! 📈
🔔 Signal: BUY
Asset: SFXUSDT
📈 Technical Analysis:
The SFXUSDT pair has generated a compelling BUY signal as it witnessed a significant weekly price cross-up, surpassing a strong resistance level and closing above it. This breakthrough has transformed the previous resistance into a robust support, indicating a bullish trend. The price trigger for the uptrend has set the stage for potential gains.
📊 Trade Details:
Entry Point: ≈0.19
Target 1: $0.32
Target 2: $0.48
Target 3: $0.78
📈 Trade Analysis:
The weekly price cross-up, overcoming a strong resistance, and establishing it as solid support suggest a strong bullish sentiment for SFXUSDT. The trigger for the uptrend indicates the potential for substantial gains. Targets of $0.32, $0.48, and $0.78 present attractive profit opportunities as the bullish momentum unfolds.
💡 Risk Management:
- Only use 5% of your capital for this trade to mitigate risks.
- Avoid going ALL IN on trades, even if you're confident they will succeed.
- Do not invest your full capital; it's important to diversify and manage risk exposure.
- Consider setting a stop-loss at an appropriate level to protect your investment by regularly monitoring and adjusting levels as needed.
- Successful trading requires patience. Allow the trade to develop and avoid impulsive decisions.
🔄 Additional Buy Zone:
- Be prepared to identify and utilize another buy zone if market conditions require it. Flexibility is key in adapting to changing trends.
⚠️ Spot Trading vs. Futures:
- Spot trading is a safer and more controlled approach, allowing for better risk management compared to the higher volatility and speculative nature of futures trading.
- Exercise caution and consider the potential risks associated with leveraged instruments.
🚨 Disclaimer:
Trading involves risks, and past performance does not guarantee future results. Exercise caution and conduct your research before making any financial decisions.
CFX Bullish Consolidation?CFX like most other assets for the past few weeks have been consolidating in what appears to be bullish triangles.
Looking at the macro .50 high a 50% retrace of this is coming out at the target of our current bullish triangle for a potential 50% move to the upside.
Bear in mind most crypto assets are up significantly and a large retracements to the down side are realistically due any time but still have some higher price targets possible for hand.
Current Trading plan for CFX is to continue to hold long for .29-.30 area and looking for a brake to the upside from the triangle. A brake below and bearish retest of the bottom side of the triangle would be a good signal we are looking for more down side.
Trade Well......
