CFXUSDT
CFXUSDTHello everyone,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for CFXUSDT
Clearly, R3 and R1 are the resistance areas in this chart with their presentation of the disability of the price to rise at several points. R2 used to be a support area. And S1 is a long-term support area at the bottom that contains the support of price at some points. We see that the price was fluctuating in a descending channel in the past and then after a noticeable rise, it could reach higher amounts such as R3. Then be being rejected there, it had a kind of waterfall decline down to S1. Therefore, it is fluctuating below R1 and we predict it to experience more decline toward the bottom of S1 area after it experienced a little increase to R1 line. Here we will have two options. Either the price loses more support and falls below S1 and certainly more decline is there for it. Or it happens that the price is able to be supported and break R1 upward and via more fixation and support there, more rise toward R2 is expected. We highly recommend you to be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a great time
CFX, new round to the upside on queueCFX is preparing for a new round to the upside based on hourly data. It is now consolidating at strong order block levels at 0.36 area.
A reverse to the upside may come anytime now. Expect a revisit of the last peak at .44 area -- and a possible breakout off it.
spotted at .370
TAYOR.
#CFXUSDT DUMP?#CFXUSDT
The coin clearly shows weakness. And with any rollback of Bitcoin, the coin will go down.
At the moment I see 2 scenarios:
We test the 0.3870 level and go back down to the 100 EMA on D1
Or, nevertheless, we close H4, H8, D1 with a candle above 0.3877 and break through the price above 0.45 and to the moon.
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
$CFX-Imp Support Zone RetestLSE:CFX again broke out from previous resistance and now came back for a retest of resistance turned support zone at around 0.3900-0.3800. I have set fib levels using fib tools and have placed my Limit orders between 0.3950-0.3900.
If tested successfully we might again see a rally up to 0.4850 where there's another resistance.
Shall CFX go up or down?CFX price action has formed a PENNANT pattern! So what's next? CFX price is facing resistance at 0.4000 level if price break the upper Trendline and 0.4000 level then price may test 0.4500 level and could break to 0.5000 or 0.5500 and if price break downward then we may see price to test 0.2800 level and again starts moving upward cause you can see that on daily time frame I've made two Thick trendlines which shows an uptrend.
My Opinion
According to my point of view price may break lower trend line and test 0.2800 and starts moving upward Why?? Here's the reasons
1: On daily time volume is decreasing which shows lack of interest and fear! Cuz price has already moved up significantly and a correction is needed to continue the uptrend
2: RSI value is between 60 and 50 So, I think it should fall below 50
3: If price break lower Trendline of pennant then price has legs and rooms to move down
4: 100 MA is also moving towards 0.2800 level another factor which is making it a support level and is ready to be tested
5: According to fib retracement tool 0.2800 level is also falling at 0.618 level of fib which is an important level of this tool
Here's my opinion!!!