CFX like most other assets for the past few weeks have been consolidating in what appears to be bullish triangles.
Looking at the macro .50 high a 50% retrace of this is coming out at the target of our current bullish triangle for a potential 50% move to the upside.
Bear in mind most crypto assets are up significantly and a large retracements to the down side are realistically due any time but still have some higher price targets possible for hand.
Current Trading plan for CFX is to continue to hold long for .29-.30 area and looking for a brake to the upside from the triangle. A brake below and bearish retest of the bottom side of the triangle would be a good signal we are looking for more down side.
Trade Well......
Looking at the macro .50 high a 50% retrace of this is coming out at the target of our current bullish triangle for a potential 50% move to the upside.
Bear in mind most crypto assets are up significantly and a large retracements to the down side are realistically due any time but still have some higher price targets possible for hand.
Current Trading plan for CFX is to continue to hold long for .29-.30 area and looking for a brake to the upside from the triangle. A brake below and bearish retest of the bottom side of the triangle would be a good signal we are looking for more down side.
Trade Well......