CFX Bullish Signal! Time to Retest and Boom!Hey Traders! 🌐📈
🚩 CFX Flag Pattern Alert:
CFX has just signaled a flag pattern and successfully executed a breakout! 🚀
🔄 Retest Phase:
It's currently in the retest phase, revisiting the breakout level.
This retest is a crucial step before potential further upside.
💥 Boom Anticipation:
📉 Retesting is healthy; anticipate a strong move upward after this phase.
📊 Technical Analysis:
Use technical indicators to confirm the retest support level.
Look for bullish confirmation signals before considering entry.
💡 Trading Strategy:
Consider entry post-retest confirmation.
Set stop-loss and take-profit levels to manage risk.
🚨 Risk Advisory:
Trading involves risks; trade responsibly and set risk management.
Do your due diligence; this is not financial advice.
🌟 Exciting Times Ahead!
Trade smart and good luck! 🚀💰
CFXUSD
Conflux Network (CFX)Conflux Network is a state-endorsed public blockchain in China, aiming to enhance interoperability and scalability through its Tree-Graph consensus algorithm. This technology allows Conflux to process transactions with increased speed and efficiency, promoting itself as a choice platform for developers and enterprises looking to build decentralized applications.
As of now, the price of Conflux (CFX) is $0.25 with a 24-hour trading volume of $75 million. The price of CFX has risen by 30% in the last 24 hours, showcasing strong market interest and bullish momentum.
Given the current positive trajectory and the unique position of Conflux in the blockchain ecosystem, the next potential price targets for CFX might be $0.35, $0.45, and $0.6.
This trade setup assumes continued market interest and investor confidence in the Conflux Network's strategic initiatives and technological foundation.
CONFLUX --- CON your way into Wealth"What is Conflux?
Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion....
As the only regulatory-compliant public blockchain in CHINA, Conflux provides a unique advantage for building projects and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald's China, and Oreos."
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CHINESE blockchain...
Always a good narrative
Can it a FDV of 46 Billion?
We shall see
Major inverse head and shoulders
Theres also a mini one right now!
CFXBTC CFXUSDT to the infinite /500-1000% pump in April-MayHi my lovely followers, I hope you are fine.
I want to share my ideas about one of th best projects in crypto space.
It is definitly Conflux/ $CFX/ Which will be one of few winners in 2024. It will record new highs createding unforgetable and Legendary story in crypto space.
I'm sure with BSIM+ BTC L2/staking BTC on CFX+ Hong Kond dollar stablecoin launch/ in April-May 2024 + #AI+#RWA+#DEPIN+#NFT+#GAMING+#DEFI conencted with Conflux is coming.
As you see on my weekly CFXBTC chart it is mega bullish, it broke long term accumulation phase made a beautifulo retest and ready to go parabolic. This is 3rd wave which will be more aggressive than previous 1st wave back in 2023 Q1 when it jumped x10, CFX completed its wave 2 correction and started its MMBM which will send it significantly higher towards 2.4-3$+ in April-May.
Don't forget to check all analyses below this tweet, where you will find more details/CFXUSDT chart, CFX-FET identical charts.
Please like, commenct and hit follow bottun.
#CFX/USDT#CFX
The price has been trading in a bearish channel since April 2022
The price recently broke this channel strongly
The price also broke the moving average of 100 on the frame 1 D .
We had a strong support area at price 0.1000
The price rebounded upward
The price now is 0.1783.
First goal of 0.2015 .
Second goal 0.3288 .
This rise is supported by oversold conditions on the MACD
And the free moving momentum after it was broken
It is expected that the price will take some time with corrections to reach the second target
CFXUSDT - Inverted H&S PatternAn example of an inverted H&S pattern that shows two distinct shoulders on either side
As my last post said inverted H&S patterns tend to resolve very bullishly so I have shown the second right shoulder in green and then a moonshot.
Bullish.
This is the daily chart for CFX.
#CFX/USDT#CFX
The price is moving in a bearish flag on the 4-hour frame
We are now on the verge of breaking the channel upwards
After the price rebounded from touching the uptrend as a support area at the .2200 level
We have stability above moving average 100
We also have support from the RSI indicator
Current price 0.2233
First target 0.2266
Second target 0.2331
Third goal 0.2401
cfxusdt → a downward move!hello guys...
always this kind of divergence scares me!
so I suggest you close your positions or get a short position!
___________________________
💻📞☎️ 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 comment
CFXUSDT ⇒ A long positionhello guys...
reasons for getting a long position:
1. the price touched the important zone (the gray area)!
2. broking the trendline! (the dashed line)!
3. QM pattern!
there are two areas for getting the long position: 1- S&D zone and 2- QML area (two blue areas)
target: 0.2409
______________________
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 comment
CFXUSD Fierce consolidation. Trade the break-out.Conflux (CFXUSD) has been consolidating around the 1D MA50 (blue trend-line) while holding the 1D MA200 (orange trend-line) as its Support. A simple break-out trading plan should be applied here. If the price closes a 1D candle below the 1D MA200, we will sell and target the top of Support Zone 1 at 0.1150. If it closes above Resistance Zone 1, we will buy and target the bottom of Resistance Zone 2 at 0.4000.
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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
The two CFX targets are +44% and 117% from current values.Hey, everybody!
How bullish CONFLUX looks!
There are upside signals on absolutely all timeframes.
On the weekly timeframe a bullish candle has formed, which absorbed all the previous weeks of consolidation and price decline.
The main restraining factor for the price growth now is EMA 200, after its breakdown I expect the continuation of growth up to the area of ~$0.226 (+44%), and then the final target is 0.618 by Fibo 0.339 (+117%) from the current values.
This is not financial advice, everything you do is at your own risk!
CFX has a drop aheadThe CFX symbol is near a fresh resistance that is higher for the time frame. It has collected several liquidity pools.
Weakness can be seen in the recent movement and the liquidity pool has been formed below the price. It is expected to drop and correct when it hits the red boxes.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CFX / CFXUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)