CFX Technical Analysis: Potential for a 3X gain.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
CFX/USDT is showing a promising setup on the 3-day chart, with strong support around $0.103 and significant resistance at $0.55.
The price has recently bounced off the support level and is currently hovering near the EMA ($0.1796), indicating a potential upward movement.
Key Levels:
- Current Price: $0.174.
- Primary Resistance: $0.1796.
- Higher Resistance: $0.55.
- Support: $0.103 to $0.124.
DYOR, NFA.
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CFXUSDT
CFX explanationCFX update! I am holding it.
We took a CFX trade back then; it gave 50-55% profit on spot with its first target being hit. Then we bought CFX at $0.28 for mid-term on spot without a stop-loss. I expect it to run along with APT when APT will pump. Holding it tight.
It will have its day.
CFX Long Trade SetupCurrent Situation:
Price Level: CFX has broken the 50-day Moving Average (MA) and the daily downtrend, showing potential for a bullish move.
China Narrative: Based on recent positive news related to China, there might be a pump affecting Chinese tokens, including CFX.
Trade Strategy:
Entry Point: Enter a long position at the current price or within the range of $0.223 to $0.227.
Take Profit Targets:
First Target: $0.242
Second Target: $0.258
Stop Loss: Set a stop loss at a candle close below $0.22 to manage risk.
Summary:
CFX has shown signs of turning bullish after breaking key technical levels and could benefit from the recent positive China-related news. The trade strategy involves entering at the current price or slightly below, with profit targets set at $0.242 and $0.258. The stop loss is set to trigger on a candle close below $0.22 to minimize potential losses.
CFX looks bullishThe price compression is seen on the support.
We have a bullish iCH on the chart.
The trigger line is broken.
By maintaining the demands, it can move towards the targets.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CFX, a SLEEPING TIGER about to be AWAKEN -- soon!CFX registered significant net buying this past few days. Volume surging with the recent good news about DWF Labs acquiring more CFX tokens believing in the coin's fundamental growth.
On Daily data, Histogram has recorded another higher lows conveying that buyers are cementing the current range as the new base for the incoming price valuation. Pricewise, new higher lows was created as well. On WEEKLY, a shifting priceline is also noticeable depicting initial stage of a trend reversal.
Bubble up volume (bottom indicator) has reappeared many times the last 3 weeks -- suggesting active ACCUMULATION and net positioning.
Expect some significant bounce from the present price level.
Spotted at 0.2000
TAYOR
Safeguard capital always.
#CFX/USDT#CFX
The price is moving within a bearish channel on a 1-day frame and is strongly committed to it.
We have a support area at 0.1935 and we bounced from it at the lower border of the channel
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise
Entry price is 0.2100
The first target is 0.2677
The second target is 0.3079
The third goal is 0.3537
Conflux Smart Trade- All in Graphic
- i really doubt it will back to bottom but " who knows ?".
- Now : Nothing to buy yet.
- i do not play a breakout with CFX. Dangerous.
---------------------------------------------------------------
Trading Part
---------------------------------------------------------------
Buy : 0.1$ ish ( 10% invest )
Buy : 0.055$ ish ( 20% invest )
Buy : 0.02$ ish ( 70% invest ) ( Bottom )
---------------------------------------------------------------
TP1 : 0.6$
TP2 : 1.6$ (ATH)
---------------------------------------------------------------
- Don't be greedy with my numbers.
- Set your own SL if you are a scalper.
- Set your own Take Profit.
- Be Logic & Make Money.
Happy Tr4Ding !
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! 🚀💰
CFXUSDT Spot IdeaConflux (CFX) is a public layer-1 blockchain that is more scalable, decentralized, and secure than existing protocols and is designed to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure.
Conflux makes it easier to transfer valuable assets by making the process quick, effective, free of network congestion, and with low transaction costs. The platform is based on the Tree-Graph consensus mechanism, and it combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. The protocol uses Turing-complete smart contracts written in Solidity, just like those on Ethereum, and is compatible with the EVM (Ethereum Virtual Machine).
Conflux is currently trading at the resistance area. If the price manages to cross $0.2441 and touches the 100 SMMA at $0.2475, then Conflux will resume its bullish short-term trend.
However, if Conflux fails to break out of the resistance area, the price may re-test the support level at $0.2270.
Please note that this is analysis only and not financial advice. The market determines price movements and cannot be predicted with precision. Traders and investors should adjust their risk levels accordingly.
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.
CFXUSDT.1DIn this technical analysis of the CFX/USDT daily chart, we're seeing a pronounced downtrend. The price has fallen below the first resistance level (R1) at $0.2862 and is approaching the first support level (S1) at $0.1735. If this support fails to hold, it might result in the price testing the second support level (S2) at $0.1452.
The RSI is just above the oversold threshold at 31.07, indicating that the selling pressure has been strong and may potentially ease if the market perceives the asset as undervalued. The MACD is below zero and showing a bearish histogram, which aligns with the downward movement.
For a trend reversal, we would need to see a close above R1, with the RSI moving out of the oversold region and the MACD histogram trending towards the baseline. However, the current chart suggests that sellers are in control, and traders should be cautious. It's important to look out for any bullish patterns or signs of a momentum shift, but also be prepared for the possibility of a continued downtrend, especially if S1 is breached. Keep an eye on broader market sentiment and news that could impact the price action.
CFXUSDT long Spot TradeCFXUSDT Elliott Wave Technical Analysis
Mode: impulse
Position: Wave (4)
Direction: Wave (4) is still in play
Details: Wave (4) is still in play which I expected to be end around 0.32-0.29 which will be my entry point.
Next Direction: Wave (5)
Target : the area between 0.7-0.77 with 130-150% profit
Wave Cancel invalid level: Daily closing below 0.23 with 26% loss.
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
CFXUSDT long Spot Trade / after the last correctionafter the last correction CFX break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid.
CFXUSDT Elliott Wave Technical Analysis
Mode: Corrective
Position: Wave (c) from Blue (B)
Direction: Wave (c) is still in play
Details: Wave (c) is still in play which I expected to be end around 0.16-0.14 which will be my entry point.
Next Direction: Blue Wave (C)
Targets : 0.498, 0,585, 0.63 with 200-270% profit
Wave Cancel invalid level: Daily closing below 0.1 with 40% loss.
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
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."
-----
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
#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