CFX
Conflux Network (CFX) formed a bullish Gartley upto 32.50% pumpHi dear members , hope you are well and welcome to the new trade setup of Conflux Network (CFX) token with BTC pair.
Previously we caught more than 22% pump of CFX as below:
Now On a daily time frame, CFX has formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
CFXUSD...UT (3D)Take Profit 2 @ 0.8700
Take Profit1 @ 0.6800
Buy Stop Order @ 0.4478
Buy Limit Order 1 @ 0.3840
Buy Limit Order 2 @ 0.2570
Buy Limit 0rder 3 @ 0.1710
CFXUSD...UT (3D)Take Profit 2 @ 0.8700
Take Profit1 @ 0.6800
Buy Stop Order @ 0.4478
Buy Limit Order 1 @ 0.3840
Buy Limit Order 2 @ 0.2570
Buy Limit 0rder 3 @ 0.1710
CFXUSD Triangle broken upwards. $0.7500 is the target.Conflux (CFXUSD) broke above the short-term Triangle and technically should extend the enormous +2200% rise since December's Low. We are targeting the 0.786 Fibonacci level at 0.75000. During this rally, the 1D MA50 (blue trend-line) has been supporting, so technically as long as it holds, CFX is a buy. If a 1D candle closes below it, we would expect the market to seek buyers and confirmation of the long-term bullish trend on the 1D MA200 (orange trend-line) and the 0.13650 Support. Until that happens, every MACD Bullish Cross is a buy confirmation (one is now emerging).
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KLAY on Strong trendline resistanceKLAY on Strong trendline resistance
Wait for Breakout and Retest or Rejection
CFX - SCALABILITY ITSELF 🧩Conflux Blasts Off Nearly 40% In Single Day – Will CFX Soar Higher Amid Banking Crisis?
Well, $CFX price tells everything! +160% in 4 successive days, this only shows how confident the investor is.
You missed getting in early? no worries, technically $CFX is faceing a double top resistance and early buyers are most likely to take profits at this level, a healthy correction towards $0.25 is likely in next few days so make sure you set your alerts!
Regarding my risk management for this trade, I am looking for buys at 50-60% correction and targeting $0.5 for TP which is ~2X return.
Make sure you follow me for more solid investment ideas.
CFXUSDOn the 30M Time frame as you can see short term short until 0.4092 however I do have a strong feeling if BTC does manage to brake 28.7k we will see CFX try and go for 0.50 which was pervious high. If we see short term pullback then I expect to see CFX touch .236 fib which is around 0.403433
Otherwise on 4 HR time frame we have good support at 0.5 fob - 0.30 level
CFX - Counter StrategyStill in the short from 0.48 but considering alternative outcomes.
The ceiling is at 0.77 and presents a realistic target for early April. Interestingly this is the trend based Fib indicates a key level of resistance there. I'm considering a sizable hedge.
Best, Hard Forky
Local Short