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!!!
CFXUSDT
KLAY on Strong trendline resistanceKLAY on Strong trendline resistance
Wait for Breakout and Retest or Rejection
Bullish on CFX
www.tradingview.com
Bullish on CFX, just finish motive force waves 1 and 2, starting wave 3 now with nice leading diagonal.
TP at 27 fibo lvl
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
CFX CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the CFX symbol.
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 - Update FOMC Week MarchAs the only regulatory compliant chain in China, Conflux is facilitating entry to the Asian market for other globally minded crypto projects.
CFX - Long WAVE 3 - rough Idea
This is an update for CFX -
This is my expected price action for the coming days. I WILL FOLLOW FOR THE NEXT BIG POTENTIAL PUMP.
Let's see how it plays out,
Thanks for your comments.
*Always use stop loss/Risk Management.
CFX ready to pump - The only regulatory compliant chain in ChinaAs the only regulatory compliant chain in China, Conflux is facilitating entry to the Asian market for other globally minded crypto projects.
CFX - Long rough Idea
This is an update for CFX -
This is my expected price action for the coming days. I WILL FOLLOW FOR THE NEXT BIG POTENTIAL PUMP.
Let's see how it plays out,
Thanks for your comments.
*Always use stop loss/Risk Management.