$CFXUSDT, BREAK DOWN, SHORTING, POSSIBLE 5%-25%Break down from channel, resisted from resistance on daily, with 1 is to 1 Risk Reward Ratio(RRR) and possible 1 is to 5 RRR.
CFXUSDT trade ideas
Side NoteAccording to many news dated back earlier, they have used the related news about how the government from Hong Kong will the crypto space. CFX is up 38% by newly received 10 millions in backing from KuCoin. They have bumped earlier this morning and it is time to relax for a moment. Try to get some more new comers so they have the hold the price around 0.30-0.38 -ish.
CFXUSD ❕ broke up the downward wedgeThe asset came out of the descending wedge.
Trading volumes indicate that the market is interested in price growth.
CFX will grow after holding the support.
Cfxusdt Breaking Bullish Flag Seems Like Getting Ready For Another Bullish Impulse
Breaking Bullish Flag In h4 timeframe Expecting Another 35 to 40% Bullish Move Incase Of successful Breakout
CFXUSDT IdeaCFXUSDT CFXUSD BINANCE:CFXUSDT CRYPTO:CFXUSD
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
Balanced Market Sentiment and Unique Competitive AdvantagesConflux (CFX) is currently trading at $0.1910 area in the daily timeframe, and its RSI is at 52. The asset is neither overbought nor oversold at the current price level, which indicates a balanced market sentiment.
When looking at the Fibonacci retracement levels in the daily timeframe, the 0.3669 level appears to be the primary resistance level, while the 0.2077 level acts as a support level. The price has recently bounced off the 0.2077 level, indicating strong buying support at that level. The 1 fibonacci level stands as the next potential support if the price continues to fall.
The Bollinger Bands in the daily timeframe provide further insight into the asset's volatility. The upper Bollinger band is currently at 0.2865, and the lower Bollinger band is at 0.1346. The middle Bollinger band, which is the 20-day moving average, is at 0.2106. The price seems to be trading around the middle Bollinger band, indicating that the market is currently balanced, and the asset's volatility is stable.
The volume oscillator is currently at 3.80%, indicating a moderate level of trading activity in the asset. The MACD, which is a trend-following momentum indicator, is currently at 0.0059, which suggests a weak bullish momentum.
The Stochastic oscillator, which measures the strength of the asset's momentum, is at 47.03. The reading suggests that the asset is not currently overbought or oversold.
Conflux's unique Tree-Graph consensus algorithm enables parallel processing of blocks and transactions, which increases throughput and scalability. Additionally, as the only regulatory-compliant public and permissionless blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia, connecting decentralized economies to strengthen the global DeFi ecosystem.
Overall, the technical analysis suggests that Conflux is currently trading at a balanced market sentiment, with moderate trading activity and stable volatility. The asset's unique features, such as its high throughput and regulatory compliance, could provide a competitive edge in the blockchain industry, particularly in Asia. However, investors should consider additional factors such as market trends and news developments when making investment decisions.
$cfxI am just proud of this. I spent 6 days trading this entire wave on $cfx
I like to leave lots of notes on my chart for myself since im still newish (about a year in)
There is a real science behind these markets
Cfx Getting Ready For further Upside Moves Seems Like Cfx Getting ready For Another Bulish impulse
Forming Bullish Flag In h4 Timeframe Incase Of breakout Expecting Another 50 to 55% bullish move
CFX USDT - BULLISH PENNANT 2HR TF2hr timeframe we have a bullish pennant, cfx has already started it's climb and is about half way to the target.
CFXUSDT Idea UPDATECFXUSDT - CFXUSD
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
CFXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for CFXUSDT
Here we have R1 as the resistance area that expresses the price was not able to rise at different points. And S1 and S2 are our support areas in this chart containing the support of price even since the past. Hence, we have the price fluctuating over S1 area in a neutral behavior after breaking the mentioned area upward and we expect it to have more increase and reach R1. Then by having some rising signs there, we would wait for an increase. Due to the high density of price, there is a high possibility for the price to face more increase. So if we receive some confirmation candles to rise, an increase would take place for the price to break R1 upward and even move rise toward R2 area would happen in case the price is supported at R1. But if the price is not supported, more fall is predicted there for it to touch lower amounts. We suggest you to put your trade orders by the time the price is on the pullback to S1. Surely if the price falls below S1, definitely more decline will happen. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
CFXUSDT IdeaCFXUSDT - CFXUSD
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
cfx trendlinewe are nearing a breakout on the trendline going back to the large run when china blockchains were moving
CFX - Wave 4 could be wrapping up
My primary count shows wave 4 in its final stages.
I expect the green zone to provide support, due to:
- previous consolidation
- 61.8% pullback
- 161.8% green ABC extension
CFX Bearish TriangleThere is a downtrend on the instrument, a decrease in trading volumes, the buyer cannot update local highs, all this indicates the presence of its weakness.
In view of the above, a short breakout level was formed with several touches, as well as a downward slope. I expect that the further inability to update the highs and the price tightening to the level of $ 0.2050 will lead to its breakdown into the short.
CFXUSDT(Conflux) Daily tf Range Updated till 26-02-23CFXUSDT(Conflux) Daily timeframe range. retraced about 1630%+ from local low thats actually crazy but true. we can see it did this kind of moves in past too so no surprises. #0.2051 holding out for now clearing will lead it down, breaking out of #0.3664 will open a level till #0.5041.
Another BULL ?hemm yea sorry for before but there is 2 option bull and bearish haha
Time frame 4H looks so good , MACD want reversal again , the tren wanna back again?
Triple TOP at CFXwill it break it or not? , i have see at 4H for MACD is not GOOD , then my analysis it will go more down ?? hemmm
its just my opinion , what you think?
Conflux Network (CFX) formed a bullish Gartley upto 34.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Conflux Network ( CFX ) token with US Dollar pair.
In the recent trade setup, CFX was very close to complete the final leg of a bullish BAT , but pumped before entering the buying zone as below:
Now this time on a 4-hr time frame, CFX has formed a bullish Gartley move for another bullish reversal move soon.
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 appears to be more bullishCFX USDT still bullish unless some whales decided to put it down for shorting benefits
NB: this is definitely not a financial advice, it’s for educational purposes only.
