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CFXUSDT

Is CFXUSDT on the Brink of a Bullish Breakout?Yello Paradisers! Are you ready for a potential game-changer in the crypto market? Let's dive into the current setup for CFXUSDT and see what's brewing. 💎CFXUSDT has formed a classic cup and handle pattern, often a strong indicator of a bullish move. The recent price action suggests an inducement, increasing the likelihood of an upward breakout. 💎For this pattern to be confirmed, we need a decisive breakout above the resistance level. There's also a resistance line just above the current price, which could act as a catalyst for a significant pull-up. 💎In case of a pullback, a bounce from the support level is expected. However, confirmation is crucial here—we need to see an I-CHOCH (Internal Change of Character) at this level to validate the support. 💎On the flip side, if the price breaks down below the support level and the handle of the cup and handle pattern, it will invalidate our bullish outlook and the entire pattern. Stay vigilant, Paradisers! As always, patience and discipline are key to navigating these market movements successfully. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
CFX/USDT Hourly Inverse Head & Shoulder PatternCFX/USDT 💎 Paradisers, let's dive into an update on CFX/USDT. It's currently crafting an inverse head and shoulder pattern on the 1-hour chart. If it successfully breaches the supply zone at 0.1812, it would suggest that CFX/USDT is beginning to establish higher highs and could indicate a trend reversal. 💎 This could potentially propel us towards the next supply zones at 0.1837 to 0.1879. However, if it descends below the right shoulder level at 0.1750, this pattern would be invalidated. As always, stay vigilant and enjoy your trading journey in the crypto paradise!
Long
by MyCryptoParadise_Nathan
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