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CFXUSDT trade ideas

Will CFX Reccover To $0.5 In 2024?Conflux has a market cap of $495 Million and is currently ranked 105th in the crypto verse. It has observed a surge of 52% in the overall volume in the past 24 hours. CFX price is currently trading near the value of $0.11 with a drop of 21% in the intraday session. CFX is currently forming bearish candles on the daily chart. It is trading below the 50 and 100 EMA on the daily chart. The upside trend of CFX can see a halt near the value of $0.2. Meanwhile, the support of the asset price can be observed near the price of $0.1. The RSI of CFX is currently near 29 with a strong downside slope in it. The overall momentum of the indicator is bearish.
by Ritika_TCR
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
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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