cfxcfx technical analysis basically on elliott waves principles and RTM priceaction Strategy
cfx can be make a new high under wave 3 label
wait and watch...
CFXUSDT trade ideas
#CFX USDTWhat Is Conflux (CFX)?
Conflux (CFX) is a public layer-1 blockchain that was made to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure by being more scalable, decentralized, and secure than existing protocols.
Conflux makes it easier to transfer valuable assets by making the process quick, effective, free of network congestion, and with low transaction costs. The platform is based on the Tree-Graph consensus mechanism, and it combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. The protocol uses Turing-complete smart contracts written in Solidity, just like those on Ethereum, and is compatible with the EVM (Ethereum Virtual Machine).
Conflux's growth is fueled by CFX, the platform's native token, which gives users financial incentives to participate and engage more. The token is used to pay transaction fees, govern the network, and is given as compensation to miners who help secure the network via staking.
CFX 4H ( Bullish Scenario ) CFX, after breaking and retesting the support at $0.1890, has the potential for price growth towards the announced targets. Traders with a low-risk appetite can consider entering a long position if they observe a breakout and momentum above this level."
CFX 1H short ideaBINANCE:CFXUSDT.P www.tradingview.com
1 trade
RR 1:8
2 trade
RR 1:9
Wait for 5min confirmation.
Cheers guys!
Double Bull Divergence on 1 Hr ChartI see a double bull divergence on CFX.
Binance's entry into Japan for web3 seems interesting as well..
I might keep an eye on this one... seems to have been oversold as well..
CFX Testing Key Support at Daily Fibonacci LevelCFX is currently testing its key support at the daily Fibonacci level. There are indications that a bearish trend may ensue once the red line is broken.
CFXUSD ❕ downtrend channelCFX has dropped below the 50EMA on the 4H TF.
Relative strength index indicates sellers' strength.
I expect price to continue to decline.
cfx bullishcfx We have touched the support area of a horizontal uptrend
target :
(1) : 0.28
(2) : 0.33
(3) : 0.44
stop lose :
close under trend (daily candle)
what are you expecting ?
(Sorry my english is not good)
Did you like my analysis? Leave a comment, like, and follow to get more
Combo correction wave WXY | $0.13Daily chart
BINANCE:CFXUSDT has soared and completed impulse wave at 0.4876 and it's trading around 0.1904 now.
CFX is in the combo correction wave, I think so. On the chart, it shows a first leg (wave A) completed at 0.1665 and happening wave B then wave C
I expect wave C will down around 0.135 - 0.125
Wait and see next move
Conflux CFX: Capturing the China Narrativesomething is going on here.
Hong Kong is allowing retail crypto trading starting in June. It is known that this is a pilot for releasing mainland China. Hong Kong itself has shown serious interest in all tradeshows and crypto conferences. My opinion is that the liquidity for this bull market comes from the Eastern World.
Conflux is building something and I am very bullish on this chain's prospects over many other tokens that could fall into this narrative.
CFXUSDTFive upward waves were made, and a complex overlapping correction occurred for them. It is possible that we will see another five quick and short rising waves to end the large corrective rise of the currency.
Note: the analysis fails if the price closes below an area 0.17 usdt
CFXUSDT BULLFLAG BREAKOUTHello Tradingview friends! Make sure to LIKE and FOLLOW for more chart ideas! Today i am
bringing you my view on CFXUSDT and the bull flag i believe CFXUSDT has formed and is
showing signs of strength and a potential breakout!
What does bull flag mean?
A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating
retracement period. The flagpole forms on an almost vertical price spike as sellers get
blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which
form the flag.
Thanks. Liquidmex
CFXUSDT bet lowCFXUSDT bet this is point to return
1) Volume is coming after lowest volume in 2-3 day ago.
2) In TF day make pattern little double bottom
3) CFX is sideway for 3 months after news partner with china telecom
4) In Neowave is maybe Irregular flat (Storng B - C failure) if correct price it will be explode but it will comfirm if price break high in big picture
5) Stoploss is set in low of double bottom
6) Rsi is make divergence
cfxAfter breaking its resistance line, it entered an upswing, and now it is in a resistance range, in case of correction, the green box and green lines can provide support.
If the pattern is formed, we will get a flight ticketThe CFX currency is forming a corner pattern to rise, but this pattern has not been formed yet. In case of breaking the resistance range that was mentioned in the video, we can expect to touch the target up to 40%. Two important support and resistance ranges were said in the video in case of failure. Any of these two ranges can have a safe entry to this currency
CFX reversal soonwe are looking for a break through of the current resistance we have been underlaying the past few days ...Judging by a few indicators i believe we may need to push lower first as indicated on my chart..... plancton0618 inspired my analysis
Long cfxusdtMega rally at the complete of the falling wedge wave e.. a break above 0.1871 will signal a buy. Weekly close is important
Mega rally incoming for cfxusdtA confirmed break above 0.1871 will signal that the bottom is in from the falling wedge.. weekly close will be important for this coin 💰
CFXUSDT wants the daily liquidty?
CFXUSDT is undergoing a crucial phase as it tests the key level on the 4-hour timeframe, situated just above the daily liquidity zone. This key level holds significant importance as it has the potential to influence the price's future trajectory.
At the moment, the price is encountering resistance at this key level, indicating that buyers are finding it challenging to push the price higher. However, according to Plancton's Rules, there is a possibility that the price might break through this resistance and grab new liquidity on its way to the daily support level.
Should the price manage to surpass the resistance, it could attract additional buyers, leading to an upward movement towards the daily support level. This potential liquidity grab is an opportunity for traders to open a new position based on Plancton's Rules, which suggests taking advantage of such market dynamics.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
CFXIn my opinion, the CFX cryptocurrency has rather good prospects. The global growth of this cryptocurrency, in my opinion, can begin when Hong Kong actually becomes the capital of the crypto industry. As it is predicted today. CFX has huge support from China! And it is this fact that can give this cryptocurrency very huge growth prospects. And for now, I will trade this coin for futures. Because there was a breakdown of the market structure and the price is close to the support level, from which I will enter the deal. It should also be taken into account that there was a local growth in altcoins, which CFX has not yet shown. Most likely, he will now reach for the rest of the coins. And given the periodic increased volatility of this asset, you can count on not a weak movement and profit.
