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CFXUSDT trade ideas

Conflux Altcoin CFXUSDT 4Hour Chart Analysis April 9, 2023BINANCE:CFXUSDT According to the 4-hour chart, the bears are attempting to prevent the price from going above the 20-EMA. This may cause the pair to fall to the 200-SMA, which is likely to provide significant support. If the price bounces back from this level, the bulls will attempt to push the price to the downtrend line, which is the critical level to monitor. If this level is breached, it would signify that the bulls have regained their momentum. Alternatively, if the $0.30 support is breached and closed below, it could trigger more selling pressure and bring the price down to $0.25. Let me know what you think! Follow me for more TA!
by TradeViewDemiGod
Conflux Altcoin CFXUSDT Daily Chart Analysis April 9, 2023BINANCE:CFXUSDT Conflux (CFX) has been experiencing a corrective phase lately, but the bulls are currently defending the 20-day EMA ($0.36), which is a minor positive. If the price rebounds from the current level, the CFX/USDT pair could aim to reach the downtrend line, which is a crucial level for the bears to protect. A break above this level could lead to a potential rally to $0.44 and $0.49. However, if the price drops and remains below the 20-day EMA, it could indicate that the bulls are abandoning their positions, leading to more selling. This could push the price towards the next support at $0.30, which the bulls are likely to view as a buying opportunity. Let me know what you think! Follow me for more TA!
by TradeViewDemiGod
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!!!
by Sam786098
CFX - SCALABILITY ITSELF 🧩Conflux Blasts Off Nearly 40% In Single Day – Will CFX Soar Higher Amid Banking Crisis? Well, $CFX price tells everything! +160% in 4 successive days, this only shows how confident the investor is. You missed getting in early? no worries, technically $CFX is faceing a double top resistance and early buyers are most likely to take profits at this level, a healthy correction towards $0.25 is likely in next few days so make sure you set your alerts! Regarding my risk management for this trade, I am looking for buys at 50-60% correction and targeting $0.5 for TP which is ~2X return. Make sure you follow me for more solid investment ideas.
Long
by dogofwallstreets