CFXUSDT trade ideas
#CFX/USDT#CFX
The price has been trading in a bearish channel since April 2022
The price recently broke this channel strongly
The price also broke the moving average of 100 on the frame 1 D .
We had a strong support area at price 0.1000
The price rebounded upward
The price now is 0.1783.
First goal of 0.2015 .
Second goal 0.3288 .
This rise is supported by oversold conditions on the MACD
And the free moving momentum after it was broken
It is expected that the price will take some time with corrections to reach the second target
CFXUSDT - Inverted H&S PatternAn example of an inverted H&S pattern that shows two distinct shoulders on either side
As my last post said inverted H&S patterns tend to resolve very bullishly so I have shown the second right shoulder in green and then a moonshot.
Bullish.
This is the daily chart for CFX.
#CFX/USDT#CFX
The price is moving in a bearish flag on the 4-hour frame
We are now on the verge of breaking the channel upwards
After the price rebounded from touching the uptrend as a support area at the .2200 level
We have stability above moving average 100
We also have support from the RSI indicator
Current price 0.2233
First target 0.2266
Second target 0.2331
Third goal 0.2401
The beginning of a decline?From the data shown so far, it is the formation of the Ending Diagonal pattern, and this indicates the end of the current rise and the beginning of a new strong downward wave, and the failure of this pattern will be located on the chart with all the data.. Good luck.
*In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
cfxusdt → a downward move!hello guys...
always this kind of divergence scares me!
so I suggest you close your positions or get a short position!
___________________________
💻📞☎️ always do your research.
💌📫📃 If you have any questions, you can write them in the comments below, and I will answer them.
📊📌❤️And please don't forget to support this idea with your likes and comment
CFXUSDT. TOP COINIn my opinion, we can hit the ceiling of the channel in the next move and complete the QM pattern.It is very suitable for medium and long term investment and I think it will have a very strong flight and suitable for holders as well as people who operate in the form of whales. I think whales will get to work and be able to pump this currency into a strong and unique pump again. do the body.It's a great hunt for investors and whales, and this big hunt will happen in the coming weeks, leading to a big flight and a big profit.In my opinion, allocate part of your capital to this currency and buy and maintain it, which I think has a very, very bright future and is also supported by the Chinese government and can experience very good pumps.
#CFX/USDT - Long - Potential 31.21%Strategy: Long
Exchange: BINANCE
Account: Spot
Entry mode: Market order in range
Invest: Risk 1%
Exit:
• ⎿ Target 2 : 0.336 31.61%
• ⎿ Target 1 : 0.2789 9.24%
Entry: 0.2553 ⌁ 0.2553
• ⎿ Current market price: 0.2553
Stop: 0.2207 (-13.55%)
Technical indicators:
Long term trendbreak in action with support from MA's. RSI momentum and just broke key resistance at 2510.
• ⎿ 24h Volume: 50370017.1725
• ⎿ Satoshis: 0.2553
• ⎿ Analysis: TradingView
CFX High Time Frame Macro CFX for what ever reason is one asset that in when the market reversed in December bounced EXTREMELY hard producing a 2000% pump. That pump has now retrace by 50% and the market as a whole is show bullish signals.
Assets that rally the hardest in a bear market tend to perform the best in the bull market. The why is quite simple. What produced the 2000% pump? Participation by current interested parties.
This is a weekly chart and we can see the current macro swing has retraced by 50%, wave trend oscillator has crossed over deep in the over sold territory, and money flow is rising. Confirmation of a push up will be a brake of the current down trend.
For targets there is an attached second chart for local swing trades. This chart is more to identify the environment created by past price action. The .618 of the main down trend has already been claimed by the big pump but is now a nice 170% above.
IF the market is pushing higher taking the liquidity above the next unbroken high is likely making the .786 retrace level a fair target. Max projectable target would be a STANDARD measured move for yet another 2000% push back to the all time high. A more reasonable target would be a 1.5 expansion of our current down trend that is coming out just below the all time high around 900% higher.
Trade Well.....
I will have a video explanation of this chart and another for INJ out later today. Seek and ye shall find.....
CFXUSDT ⇒ A long positionhello guys...
reasons for getting a long position:
1. the price touched the important zone (the gray area)!
2. broking the trendline! (the dashed line)!
3. QM pattern!
there are two areas for getting the long position: 1- S&D zone and 2- QML area (two blue areas)
target: 0.2409
______________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment