Conflux (CFX)After Conflux broke the long-term downtrend line, it made a huge rise. Now, CFX is in a correction phase which seems to unfold in a triangular pattern. Let's see when CFX breaks this pattern.
CFXUSD trade ideas
CFXAfter thorough analysis I've came to a conclusion that the best looking waves count for CFX is this...
After wave 2 finishes we should expect a bullish volume that takes the price to a new all time high.
CONFLUX --- CON your way into Wealth"What is Conflux?
Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion....
As the only regulatory-compliant public blockchain in CHINA, Conflux provides a unique advantage for building projects and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald's China, and Oreos."
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CHINESE blockchain...
Always a good narrative
Can it a FDV of 46 Billion?
We shall see
Major inverse head and shoulders
Theres also a mini one right now!
CFXUSDTmove over neo
they actually built the eth for china
only fully compliant L1 with the chinese government
easier for projecs to expand into asia
which is probably cryptos biggest market given all the anime culture things
break this downtrend line (febuary?)
and we can target the previously show highs
that narrative should run the whole bull market... crypto markets been obsessed with news about china for ages
CFXUSD Fierce consolidation. Trade the break-out.Conflux (CFXUSD) has been consolidating around the 1D MA50 (blue trend-line) while holding the 1D MA200 (orange trend-line) as its Support. A simple break-out trading plan should be applied here. If the price closes a 1D candle below the 1D MA200, we will sell and target the top of Support Zone 1 at 0.1150. If it closes above Resistance Zone 1, we will buy and target the bottom of Resistance Zone 2 at 0.4000.
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CFX Long Position - Potential Support Flip and Long-Term Target!A trade analysis for CFX suggests a potential long position with a focus on flipping a clear level into support, along with a designated stop and long-term target.
Key Trade Details:
Long Position: Considering a long position on CFX.
Potential Support Flip: The trade is based on the potential flip of a clear level into support.
Stop Level: The stop is set below the prior lows at $0.147, serving as a risk management measure.
Long-Term Target: In the context of a longer-term trend, the trade could aim for $0.43 as a potential target.
CfxBreakdown of the downtrend in the weekly time frame,,continue to the target of $1 and $1.7,,,check to buy
CfxAfter a long break and breaking the downtrend
Upward movement up to 1.5 dollars can continue, check to buy
CFXUSD: Channel Down bullish breakout. Immediate target 0.1900.Conflux crossed today over the top of the April Channel Down, as well as the 1D MA50. The 1D technical outlook has turned overbought instantly (RSI = 71.137, MACD = -0.001, ADX = 36.832) but that might not weigh against a continuation of the uptrend as the 1D MACD just formed a Bullish Cross. The intra day pullback is a buy opportunity, aimed at the R1 level and the 1D MA200 (TP = 0.19000).
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Using the Gann fan is a powerful tool - CFX/USD exampleOnce you know how to properly apply the Gann fan, it provides powerful guidance and precision.
Notice how it marks support, resistance, trend break and direction.
CFX Conflux - honestly, a very nice setup here, in plain sight TD13 established as current bottom on 5D Heikins.
Bumping against the 3/1 Gann angle and aiming as high as the 8/1 with the superconfluence of 0.618/0.702 and Ichimoku cloud.
We could be talking serious gains here, double your money. All depends on the mini-alt season brewing (or not). Still, the setup is here. Interesting to see how we absorb the EMAs and Gann angles on the way up.
On the 12-hour frame we have an inverse HS formation that is also emerging in some charts currently: TRX was the precursor, now we have MANA and XRP, for example).
NFA - education only
CFXUSD Inside the Channel Down, not bullish yet.Conflux (CFXUSD) has been trading within a Channel Down pattern since the March 19 High. The 1D MA50 (blue trend-line) has priced all Lower Highs since May 23 but it is the 1D MA100 (green trend-line) that has been untouched since June 01.
The 1D RSI is on Higher Lows against the Lower Lows of the price, waving a big Bullish Divergence. The last time we saw a similar Channel Down structure was last year in Q3 - Q4. The pattern eventually broke upwards on a parabolic rise after the price broke above the 1D MA100. Before that, the earliest signal was when the 1D RSI broke above its onw Lower Highs trend-line.
As a result, we will wait for the RSI to make the first move and buy when the 1D MA100 breaks. All Fibonacci levels that follow will be targeted one by one.
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✴️ Conflux vs FetchAI - Let Me Explain! (Major Bullish Wave)These two are not competing, just let me explain...
If you read the FetchAI trade idea, I mentioned that it moved first in early January 2023/late December 2022. It moved first and strong leading the market.
This type of action is also true for Conflux (CFXUSD).
If FetchAI ends its correction and resumes growing, it means the entire Cryptocurrency market will do the same. This also applies to Conflux, if the correction is over and a new bullish wave starts, it means that market will do the same. As these pairs moved first and strong, seeing them resume their bullish action means that the time for accumulation is gone.
Here we can see CFXUSD bouncing perfectly at the 0.786 Retracement Fib. level support.
This is perfect. We have bullish divergence short-term with the MACD and long-term hidden bullish divergence with both the MACD and RSI, signaling that this pair is getting ready to grow.
This is only one of many bullish signals that I started to share.
You can check the related ideas below for many more signals that predict and confirm an upcoming, major, bullish wave.
It is inevitable... It is already happening.
Namaste.
Conflux Network (CFX) Conflux is China’s only regulatory-compliant public blockchain at this time.
Key Takeaways:
Conflux is the only regulatory-compliant, public permissionless blockchain in China.
Conflux is a proof of work and proof of stake hybrid blockchain.
Conflux has a unique Tree-Graph structure and GHAST consensus mechanism that work together to achieve high throughput, scalability and security.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
CFXUSD Double bottomed and is looking for +45% rally.Conflux (CFXUSD) made a low two days ago on the 0.1725 Support and along with the June 15 Low, makes so far a Double Bottom formation. It is no surprise then to see the price on a strong 1D candle today, headed towards the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line).
The pattern since the March 19 High is a Channel Down, so if the Double Bottom breaks, we will sell and target a new Lower Low at 0.1000.
Until it does though, the Double Bottom is a formation capable of breaking above the Channel Down, so we will take a long on the current price and target the 0.382 Fibonacci retracement level from the top (0.29000) which is the bottom of the High Volatility Zone (and now Resistance Zone) of the 0.5 - 0.382 Fib range. That move represents a +45% rise from the current value.
Beyond that, we will buy only if the price breaks above the 0.618 Fib and target the March 19 High at 0.488000.
Notice the 1D RSI, which is completing an Inverse Head and Shoulders pattern, a typical bullish reversal formation.
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CFXUSD The 1D MA50 distinguishes buying from selling.Conflux (CFXUSD) is testing the 1D MA50 (blue trend-line) today near the top of its March Channel Down. With the 1D MACD on a Bullish Cross and the 1D RSI rebounded from the (nearly) oversol 30.00 territory, a 1D candle closing above the 1D MA50, will be a bullish break-out signal first towards Resistance 1 and then the -0.5 Fibonacci extension at 0.93000.
Until the 1D MA50 break-out, it is more likely that the Channel Down continues to drop steadily and if the price closes below it, sell more aggressively towards the 1D MA200 (orange trend-line) and 0.17000.
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CFXUSD Triangle broken upwards. $0.7500 is the target.Conflux (CFXUSD) broke above the short-term Triangle and technically should extend the enormous +2200% rise since December's Low. We are targeting the 0.786 Fibonacci level at 0.75000. During this rally, the 1D MA50 (blue trend-line) has been supporting, so technically as long as it holds, CFX is a buy. If a 1D candle closes below it, we would expect the market to seek buyers and confirmation of the long-term bullish trend on the 1D MA200 (orange trend-line) and the 0.13650 Support. Until that happens, every MACD Bullish Cross is a buy confirmation (one is now emerging).
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CFX bad entry Solution 2023/03/25Current conditions for analysis:
- 2000 Units have been opened at 0.39
- Exit price 0.2
- Current lost at 0.2= 240 $
Strategy:
1. Open grid bot 0.35-0.2
(Bot will reduce entry price minimise losses)
2. If market conditions are ok reopen a same size position
3. Calculate risk/reward ratio
4. Close position back to previous maximum
*Follow up analysis require in April 6th (2023/02/06)
CFXUSD Within the May-December Liquidity Zone. Buy the pullback.CONFLUX - CFXUSD entered last week the strong Liquidity Zone of May-December 2022 and on this week it has almost reached the top. The RSI 1W can't signal a strongest overbought signal and even though this coin is extremely bullish long term, this calls for a medium term correction.
The MA50 1W will be there to support, the strong technical Support Zone is within 0.0980 - 0.065. Buy the pullback and target 0.8500 (Resistance A).
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CFXUSD Massive rise. How to trade this rally.Conflux/ CFXUSD is on a massive fundamental rally that easily crossed over the 0.25550 Resistance (1).
The rally doesn't seem ready to stop and by August can fill all gaps all the way to its historic High.
The last consolidation after the first rally was made within the High Variance Zone designated by the Channel Up consolidation during the Bear Cycle. There have been another two such Channels and will be our buy entries during this rally.
Trading Plan:
1. Buy at 0.1400 (2nd High Variance Zone).
2. Buy at 0.3000 (3rd and final Variance Zone).
Targets:
1. 0.8500 (below Resistance 2).
2. 2.0200 (Resistance 3 - All Time High).
Tips:
1. The RSI is supported in a similar way like December-January. That kick started a strong rise. Break below and the pattern might be negated.
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CFX/USDT TRADE SETUP. 120% GROWTH EXPECTED.CFX has been under the accumulation zone for a while now. We can expect a breakout soon. The last time when it was under the accumulation zone and a breakout happened, CFX exploded almost 190%.
We may see a similar move happening anytime soon. 1st of November, CFX has its NFT event happening in NYC.
You can trade CFX on spot as well a margin trading (if available).
Entry: $0.2944 to $0.3472
Stop Loss: $0.2709
Targets:
$0.3994
$0.4527
$0.5485
$0.6341
Remember to accumulate as low as possible.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
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