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CFXUSDT trade ideas

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 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
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.
Long
by weslad
11
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'.)
Long
by MasterAnanda
1
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
by behdark
CFX → a possible movehello guys. let's analysis $BINANCE:CFXUSDT! 1. Consolidation Phase: The price has been moving sideways, trapped between two key levels: a support zone around $0.1230 and a resistance zone around $0.1465. This consolidation is marked by the yellow rectangles, indicating areas where the price has found significant support and resistance. 2. Resistance Zone: The resistance level at $0.1465 is critical. During the recent consolidation phase, the price has struggled to break above this level. If the price can break through this resistance, it would signal a potential shift from the consolidation phase to an upward trend. 3. Bullish Scenario: Upon breaking the resistance at $0.1465, the price will likely target the next resistance level at $0.1707. This move would represent a continuation of the bullish trend from the current support level and could signify renewed buying interest. 4. Support Zone: The support around $0.1230 is strong, with the price rebounding from this level multiple times. If the price falls below this support, it could indicate a bearish scenario, leading to further declines. Summary Consolidation Phase: Price is moving sideways between $0.1230 (support) and $0.1465 (resistance). Key Resistance: $0.1465 is the crucial resistance level to watch for a potential bullish breakout. Bullish Scenario: Break above $0.1465 could lead towards $0.1707. Support Zone: $0.1230 is the key support level; a break below could lead to further declines. ___________________________ ✓✓✓ 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
Long
by melikatrader94
6
CFX Re-Accumulating For A Push Up?CFX has been on our short list of big movers as its recovery in the bear market was among the highest gainers at a 25x. A clear sign of major support off a bear market bottom. Price has since put in a higher low, higher high, and now a 100% retrace for a potential double bottom. Just sounds bullish... In this same green range this double bottom is also the volume based value area low of the entire price range for the past three years. Looking at the curvature of the lows in the price action we can also see a clear loss of down ward momentum into this significant macro support level. Wave trend oscillator is also showing we are in the "time frame" of the liquidity cycle for a rotation of some kind to the upside. Unfortunately this doesn't mean there can't be some kind of major flash crash first.... Its a time thing showing the shift of momentum from selling to buying. Current trading plan is to accumulate initially targeting a 50% rise in price for less than a 50% retrace. Second target is a simple and very typical 50-62% golden pocket retrace and the volume based value area high of the past 3years of price action The last target may be wishful thinking BUT if the project had enough support previous before pumping to go as high as it did and there is now more support for it.... this is what creates and expansion of the range. New and more support for the project....Typically lands in the 1.5 expansion area... If we see the reversal and upward rise from here I would expect at least resistance and need to consolodate in these areas. If the rise continues great be each is worth location to lock in any gains, watch and reaccumulate if necessary with the rest.... Trade Well... Your Friend, Degen
Long
by Degen-Dynasty
LONG #CFXUSDTLONG #CFXUSDT from $0.12529 stop loss $0.12451 15m TF. The coin is moving in a local uptrend, pushing the price along the trend line, which indicates the presence of active buyers pushing the price to overshoot. The compression goes to two clear resistance levels, beyond which there is unrealized liquidity. I will be waiting for a smooth approach to the levels, the formation of consolidation and an upward movement on the activity in the glass. 1TP — 0,12638 2TP — 0,12751 3TP — 0,12827
Long
by CScalp_EN