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CONFLUX/TETHER USD PERPETUAL CONTRACT

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CFXUSDT.P trade ideas

Will CFX Be Able To Achieve Its Previous ATH?Conflux has a market cap of $866 Million and is ranked near 99 at the CMC. The market cap of CFX has dropped from the highs of $2 Billion in March to $860 Million in May. CFX token price is currently trading near $0.21 while seeing a drop of 26% in the last one year. The token price is currently trading in a consolidating range with small bearish candles on the daily chart. It is trading below the 50 and 100 EMA which can also act as a resistance. The upside trend of CFX can see a halt near $0.36 while the support can be seen near $0.18. The RSI of CFX is near 42 with no slope in it. The overall sentiment of the indicator is neutral in nature.
by Ritika_TCR
CFX After a Huge Success Of Last Trade. We Try AgainConflux (CFX) Coin: A Summary Fundamental Analysis: Public Layer-1 Blockchain: Conflux is a blockchain designed for scalability, decentralization, and security. It aims to address limitations faced by existing protocols in these areas. dApps, E-commerce, and Web 3.0: Conflux targets powering decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. Native Token (CFX): CFX functions as the network's token. Uses include paying transaction fees, staking for rewards, and participating in governance. Recent News: Price Increase: CFX has seen a price increase in the last 24 hours (as of March 15, 2024) and the past week. Disclaimer: I am not a financial advisor. This information is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
Long
by MoonTradingForecast
$CFX BREAKING OUT!• Conflux token breaking out on HTF chart • Bullish signals include a symmetrical triangle breakout - Symmetrical triangles are a technical pattern indicating a potential continuation of the current trend. - Breakout suggests increased momentum and a possible upward trend. • Trendline breakout further supports the bullish scenario. • POI + HTF support strengthens the overall positive outlook. • Exercise caution and consider risks when evaluating potential opportunities. • Alts season is began.
Long
by femtoxbt
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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