CFXUSDT trade ideas
✴️ Conflux Ready To Pop, New High Territory (295-500% Potential)Conflux (CFXUSDT) is trading above EMA200, just moved recently above this level.
When this level was conquered as resistance back in January-February this year, it led to a massive bullish explosion.
Here we have the play of 0.786 Fib. retracement being tested as support.
CFXUSDT challenged this level continually and moved below it for a few weeks just to print a massive recovery.
The recovery led to a move and close above EMA200 and thus a long-term bullish bias reactivated.
Above this level anything goes.
➖ First, if CFXUSDT moves and closes daily below EMA200, here sitting at 0.16411, this is bearish short-term but the bullish bias remains valid.
➖ The main support is 0.12139 long-term, the 0.786 Fib. retracement level relative to the bullish wave from early 2023.
Now we can look up...
👉 85% is the easy target (0.33915).
👉 296% follows (0.72604) and finally 509% (1.11111).
Remember to plan ahead of time.
Develop a trading strategy or do you whatever you feel you need to do grow and shine.
Wishing you tons of luck, health, wealth and success.
You deserve the best!
Namaste.
CFX Long 1% Chop to TrendUsing the Trend Trading System there has been enough chop at the daily resistance level and could potentially lead to price moving up, also aroon is at a very strong signal with it being overlapped and the 4H aroon is shaping up great as it attempt to complete the dalai
long on #cfx if 4hr or daily close about indicate linecomment your thoughts below
if cfx can maintain its the indicated level and break above on the daily or 4 hrs candle close
tp 1 0.18
tp 2 0.22
tp 3 0.248
Conflux (CFX) - Bullish divergence On the above 2-day chart price action has corrected a whopping 97% since the sell signal back in March 2021 at $1.50 (see weekly chart below). A number of reasons now exist to be bullish. They include:
1) Double ‘incredible buy’ signals. Last I saw that it was on Solana in December 2020 @ $1.40. Yeah.
2) Price action and RSI resistance breakout.
3) Price action prints a higher low on on the golden ratio since breakout. A lot of the alt-tokens I’m studying are reproducing this pattern of events.
4) Regular bullish divergence. Multiple oscillators, MACD included, are printing positive divergence with price action. (see BTC pair below).
5) On ‘what if’ list. Not popped yet, obviously.
Is it possible price action falls further? Sure. Whomever you are selling after a 97% correction, I salute you.
Is it probable? You have to ask?
Enjoy them pumped up kicks.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 2 to 4 months
Return: 30x
Weekly chart sell signal
2-day BTC chart
CFX/USDT Ready for an Explosive Journey? CFX Analysis💎 Paradisers, take note: CFXUSDT is poised for a potential surge as it teeters on the edge of resistance, suggesting a promising climb may be on the horizon.
💎 Our scrutiny of CFX's movements reveals an attempt to break free from a descending channel, indicative of a bullish turn. Despite a recent setback at the .1782 resistance mark, the potential for an upward break, anchored by the support at .1434, is significant.
💎 On the flip side, if Conflux stumbles in its bid to breach the resistance, we foresee a bullish rebound from the .1434 support zone.
💎Yet, should it dip below this pivotal level, a bearish slide could ensue. Keep a watchful eye and strategize proactively as the situation develops.
💎Hone your trading insights for Conflux with ParadiseFamilyVIP. Dive deeper into our expert perspectives on CFX and other promising tokens, enhancing your crypto strategy.
CFX/USDT - Conflux Network: Trend Reversal◳◱ On the $CFX/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.1831 | 0.2104 | 0.2753 and support near 0.1182 | 0.0806 | 0.0157. Entering trades at 0.1662 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Conflux Network
▣ Rank: 78
▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Conflux Network is a smart contract platform that features a Turing-complete state machine built atop a high-throughput consensus protocol. Conflux reaches an agreement on transaction validator based on the total order of blocks organized in a Tree-Graph, a novel consensus mechanism that scaling benefits relative to existing blockchains. It also uses Proof-of-Work (PoW) to supplement its Tree-Graph consensus protocol. Conflux has a native token called CFX that serves as the reward for network miners and as a means for paying transaction fees.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.1662 ₮
▣ 24HVol: 15,561,996.278 ₮
▣ 24H Chng: 8.203%
▣ 7-Days Chng: 6.76%
▣ 1-Month Chng: 27.71%
▣ 3-Months Chng: -6.14%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.1831 | 0.2104 | 0.2753
◢ Support: 0.1182 | 0.0806 | 0.0157
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 2.55
▣ Last 90D: 0.07
▣ Last 1-Y: 1.55
▣ Last 3-Y: 0.44
◲◰ Volatility :
▣ Last 30D: 1.37
▣ Last 90D: 1.02
▣ Last 1-Y: 1.94
▣ Last 3-Y: 1.85
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.62 - Bullish
▣ In-depth CFXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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MY TARDET OF CFX
CFX ON BINANCE
📍Entry: 0.1450
💰1 Take Profit: 0.1910
💰2 Take Profit: 0.2371
💰3 Take Profit: 0.3104
💰4 Take Profit: 0.3853
💰5 Take Profit: 0.5232
💰6 Take Profit: 0.8354
💰7 Take Profit: 0.9377
🚫 Stop Loss: 0.1440 2D BELOW
Pattern Swing - Trends should hold daily
CFX CRITICAL RESISTANCE LINE AND RISING WEDGEIn this logarithmic chart of BINANCE:CFXUSDT is the near yearly resistance line of the coin. I started to assess this trendline after its pump last week and price consolidation has been observed near on the resistance.
Also, sharing this rising wedge pattern below that could be a sign of rejection of the pump and reversal of the uptrend. Presented in yellow arrow line is the bearish divergence from my indicator, RSCD (RSI MACD) forming a lower high and the price forms a higher high.
The diagonal support line is also presented. In my view, breakdown can happen but to the point of forming another diagonal support since there would be people who would still want to buy from the pump. But if not, I plotted the potential support lines by using Fibonacci retracement.
The coin could enter a reversal but if in case it regains a momentum to breakout on the wedge. I would consider these two potential resistance lines.
(1)
Currently, the coin has touched the 0.5 resistance level multiple times as it tries to touch again and possibly breakout. With that, consider the 0.618 Fib level.
(2)
I would also consider the .382 Fib level from its higher high on the daily timeframe. Backtesting this trendline had some events of being a critical trendlines (support and resistance) of the price movement.
Overall, based on the structure above, we will see BINANCE:CFXUSDT rejected past the long trendline with a rising wedge pattern on its current movement, favoring a bearish trend.
Always PLAN your trades.
Happy trading!
CFX has a drop aheadThe CFX symbol is near a fresh resistance that is higher for the time frame. It has collected several liquidity pools.
Weakness can be seen in the recent movement and the liquidity pool has been formed below the price. It is expected to drop and correct when it hits the red boxes.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CFX / CFXUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
Conflux CFX will hit $1, will be list in coinrabbitConflux CFX to $1, will be list in coinrabbit, don't miss out.
#CFX/USDT is trying to break the PWH $0.1717 resistance level#CFX/USDT is trying to break the PWH $0.1717 resistance level in 4-Hour TF!
LSE:CFX needs to clear the PWH to gain the bullish momentum. Wait for BO/retest to gain the bullish momentum.
#CFXUSDT needs to hold the PDL $0.155 support level. Wait for Breakdown to Short it.
#CFX/USDT is trying to break the PWH $0.1717 resistance level in#CFX/USDT is trying to break the PWH $0.1717 resistance level in 4-Hour TF!
LSE:CFX needs to clear the PWH to gain the bullish momentum. Wait for BO/retest to gain the bullish momentum.
#CFXUSDT needs to hold the PDL $0.155 support level. Wait for Breakdown to Short it.
flag - tgt 0.1971cfx looks to have a flag pattern with a minimum tgt of 0.1971. should complete within the next few hours.
This is clearly bullish i think but hope some volumeI think it would be pump if volume get higher
It’s a bull flag i think and would break soon
CFX Long, fills the 1d gap aboveThis trade is kind of a copy of the PEOPLEUSDT trade where price filled the gap,
i think this is a pivot point where the 4H aroon is showing a strong convergence and a break of the diagonal, this has also in the past been a HSAKA coin
Put 1% risk on this trade, and it is taken at daily resistance but the way the micro-structure is shaping i think it breaks it
CFX Updated Long Trading PlanCFX along with FET were some of the largest bear market movers indicating they have solid public support. After the current push up in the market tides are clearly rising and likely to continue. For now....
Current Trading plan is look for a pull back that consolidates above our last daily support and resistance flip in the .13-.15 area. IF price makes it all the way down and we have bullish looking oscillator signals a new long position may be in order.
Price may or may not make it back to this area but IF it does it will be a good low risk long entry setup for a potential 40+% push to the upside.
Price doesn't always come all the way back for a full retest but when it does it presents a trading setup that has a clear location to look for entry and invalidation areas.
When buyers are extremely bullish fully discounted prices may not present themselves and as such requires alot more risk. Personally I leave these alone and stick obvious and clear entry and exit setups. This may be one of them....
Trade Well.....
CFX IS ABLE TO SHOW 200% VOLUME SINCE LAST DATASince the data shows there is volume from China coins, CFX can be the next one that can show a break increase in the coming time.
There is unexpected China volume on some China-connected coins. This can be a new adding for bullrun.
AND CFX is a coin that shows with high chance that China's volume effect can target.
Manage the risk well, this is not trading advice.
