CFX is super bullish (2D)It appears to be within a large diametric pattern where wave E has recently concluded. After a brief period of consolidation or minor negative fluctuations, it could move toward the targets of wave E.
By maintaining the green zone, the price may move upward.
Closing a daily candle below the invalidation level will invalidate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CFXUSDT trade ideas
CFX/USDT Technical Analysis Update📈 CFX/USDT Technical Analysis Update
The chart shows a potential bullish breakout scenario forming! We're currently seeing a harmonic pattern development, with key levels aligned for a move:
💎 Resistance: $0.2133
📉 Potential Retrace Area: Trendline support zone
Keep an eye on how price reacts at the highlighted zones. A breakout above resistance could lead to a significant bullish run, but if rejected, expect a move back to the support zone.
🚨 Disclaimer: This is not financial advice. Always DYOR before trading!
#Crypto #CFX #TradingView #TechnicalAnalysis
#CFX: Unlocking the Potential of ConfluxDescription:
This trading idea highlights CFX, the native token of the Conflux Network, a public blockchain designed to tackle scalability, interoperability, and decentralization challenges. Conflux leverages its unique Tree-Graph consensus algorithm to achieve high throughput and low latency, making it a standout solution for developers and enterprises. CFX serves as the backbone of the ecosystem, enabling transactions, staking, and governance. With growing adoption in Asia and partnerships with major tech players, CFX is positioned to play a significant role in the global blockchain space.
Despite its potential, the cryptocurrency market is highly volatile, influenced by regulatory developments, market sentiment, and macroeconomic trends. As with any digital asset, investing in CFX carries risks and requires a well-thought-out strategy alongside proper risk management.
Disclaimer:
This trading idea is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies like CFX carries substantial risk, including the potential for a total loss of investment. Always conduct thorough research, assess your financial position, and consult with a professional advisor before making investment decisions. Past performance is not indicative of future results.
CONFLUX (A Possible Bullish Scenario)CFX made unfortunately a fake break out back in Mar 2024.
The best possible bullish scenario rn imo would be a fake break of Oct 2023.
Passing $0.165 is cancelation of the idea because it would be very bullish for cfx
$0.075 would be a good entry due to the Fibonacci cluster around $0.070 : $0.075
Breaking $0.048 is the first invalidation.
Breaking $0.022 is the final invalidation.
CFX/USDT Accumulation Zone: Potential for Bullish Reversal
Technical Analysis of CFX/USDT
The chart provides an interesting setup, with the past inverse head and shoulders pattern indicating a potential shift in market sentiment. Although this pattern already broke in the past, it serves as a reference for a possible change in the overall market direction.
Currently, the price has found support at the 1200 level, which presents a strong accumulation point for long positions. This level has held multiple times, suggesting that buyers are stepping in to defend it as a significant demand zone. As long as the price remains above 1200, the outlook leans bullish with potential for upward movement.
Key Levels to Watch:
Accumulation Zone: 1200 – a solid area for entry into long positions, as it has proven to be a reliable support level.
Target Resistance: 2350 – if momentum builds, this is the next significant level to aim for.
The moving average ribbons hovering near the price indicate that the trend is transitioning. A decisive push above these ribbons could solidify the bullish reversal.
👨🏻💻💭 What’s your take on this accumulation zone at 1200? Let’s discuss strategies and give this idea a boost if you’re watching for a breakout!
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#CFX (SPOT) entry range(0.1200- 0.1600) T.(0.4630) SL(0.1181)BINANCE:CFXUSDT
entry range (0.1200- 0.1600)
Target1 (0.2230) - Target2 (0.3330) - Target3 (0.3900) - Target4 (0.4630)
SL .1D close below (0.1181)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX ****
Simple pattern strategy that will bring you profitsDo you want to know why I thought meme coins are strong?
During every pump, all coins follow a certain pattern. This time, they followed a pattern too. But when some coins break those patterns, they become the strongest. What was the pattern?
There was a simple pattern that all alts were following: they would touch the 200 Daily SMA. Almost every altcoin that was breaking out would get rejected after touching it, leading to a correction. You can go and check this yourself.
Now, CFX is breaking out, and the 200 Daily SMA can be a good target for the short term. By the way, it was rejected there the first time. The good part is, if it reclaims it this time, CFX could become a top gainer and potentially deliver a 30-40% rally. Keep an eye on coins like this. There's always a pattern that is secretly followed. If you identify it early, you'll do well.
CFX PUMPTOBER [Wyckoff Accumulation]It is Uptober and great set ups are still keep to great trades
LSE:CFX has recently shown bullish momentum, breaking out from a classic Wyckoff Accumulation pattern. In this setup, the price consolidates at a bottom range before breaking out, indicating a potential shift from accumulation to markup phase, where stronger demand starts driving prices higher.
Understanding the Wyckoff Bottom Theory:
The Wyckoff Accumulation theory describes how "smart money" accumulates assets at a lower price range before pushing the market higher. The process involves several phases:
Phase A – Stopping the downtrend, as supply decreases and demand begins to stabilize.
Phase B – Building a cause: Accumulation continues as large investors absorb supply, creating a range.
Phase C – Spring: A potential shakeout to trap remaining weak hands.
Phase D – Demand outweighs supply, leading to a breakout as volume increases.
Phase E – Markup: The asset moves upward in a sustained bullish trend.
With CFX breaking above resistance levels from this accumulation zone, it could signify the start of a strong upward trend, supported by growing volume and market sentiment. Keep an eye on how the market responds for further confirmation
Conflux CFX price at a critical point, what's next?Let's start with conservative assumptions about which project could receive some of the liquidity that has been actively poured into Chinese markets in the hundreds of billions of dollars to revitalize the economy.
#Conflux is the only public blockchain in China that meets regulatory requirements and is “approved” by the Chinese government.
CRYPTOCAP:CFX has been working with global brands and government agencies in the region on blockchain and meta-network initiatives, including the city of Shanghai, McDonald's China, and Oreos China Telecom.
If we look at the chart of OKX:CFXUSDT , we can see that the price is now at a critical point. To confirm the strength, we need to see a confident consolidation above $0.19
And then, a weak wave of growth can last up to $0.32, and a powerful one can last at least up to $0.67
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CFXUSDTCFXUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
cfxusdt trading opportunityCFXUSDT is showing signs of a potential Inverse Head and Shoulders (ISHS) formation, with both shoulders already established. We are closely monitoring the neckline, and if the price breaks through it, we will consider entering on a pullback.
Alternatively, if the price presents an opportunity, the highlighted area on the chart, identified as an important demand zone, could serve as a favorable accumulation area for long positions.
It's important to place your stop-loss below the shoulder.
We welcome your comments on this coin and appreciate your support with likes.
Thank you.
Conflux Bullish Based On MACD & RSI (Easy 377% - 628% Mid-Term) Many people have been tracking this pair after its major wave in 2023. Conflux (CFXUSDT) was one of the strongest moving projects in 2023, it produced huge growth. In the short span of 77 days, this pair grew by 2,155%, so you can imagine, this is bull-market type of action.
After this action there was another wave that started in late 2023 leading into early 2024 and now the there is room for massive growth. In this chart I am showing only mid-term targets, within 1-3 months; but let me tell you that total growth potential in 2025 is many, many times higher than what is shown here.
Looking at the chart as it is now, we have a double bottom/higher low. The double bottom is based on candle wick and the higher low based on candle close. The whole thing is bullish.
Current price action is also strongly bullish as today's session is trading above local resistance, this pair is ready to move ahead.
We have strong reading on the RSI (65.62) and the MACD is on the bullish zone. This is on the daily timeframe.
On the weekly timeframe the MACD produced a bullish crossover, this is major bullish signal:
The current weekly session is moving above EMA8, 13 and 21 as well.
The weekly RSI produced a lower low (hidden bullish divergence) and is trending straight up.
I used the weekly timeframe because the signals are many times stronger, to show that the pair is ready to grow for months.
This is an interesting one.
It should move fast and strong.
These are good signals.
Thanks a lot for your support.
Namaste.
(The CFXBTC trade-idea can be found below —'Related publications'.)
CFX ROADMAP (1D)From where we put the red arrow on the chart, it looks like CFX is forming a big triangle, and we are now in the middle of wave D of this triangle.
Wave D looks like a diamond diametric. It seems that we are in the middle of the F wave of this diametric.
It can move from the red box to the green box.
We are looking for sell/short positions in the supply range.
We are looking for buy/long positions in the green range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
