CFX/BTC - Conflux Network: Trend Reversal◳◱ On the $CFX/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00000526 | 0.000006 | 0.0000072 and support near 0.00000406 | 0.0000036 | 0.0000024. Entering trades at 0.00000495 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Conflux Network
▣ Rank: 94
▣ Exchanges: Binance, Kucoin, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Conflux Network is a smart contract platform that features a Turing-complete state machine built atop a high-throughput consensus protocol. Conflux reaches an agreement on transaction validator based on the total order of blocks organized in a Tree-Graph, a novel consensus mechanism that scaling benefits relative to existing blockchains. It also uses Proof-of-Work (PoW) to supplement its Tree-Graph consensus protocol. Conflux has a native token called CFX that serves as the reward for network miners and as a means for paying transaction fees.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000495 ₿
▣ 24HVol: 25.206 ₿
▣ 24H Chng: 10.0%
▣ 7-Days Chng: 12.51%
▣ 1-Month Chng: 6.03%
▣ 3-Months Chng: 30.72%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000526 | 0.000006 | 0.0000072
◢ Support: 0.00000406 | 0.0000036 | 0.0000024
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.73
▣ Last 90D: 1.04
▣ Last 1-Y: 1.70
▣ Last 3-Y: 0.46
◲◰ Volatility :
▣ Last 30D: 1.08
▣ Last 90D: 1.18
▣ Last 1-Y: 1.96
▣ Last 3-Y: 1.81
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.62 - Bullish
▣ In-depth CFXBTC technical analysis on Tradingview TA page
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