CFX registered significant net buying this past few days. Volume surging with the recent good news about DWF Labs acquiring more CFX tokens believing in the coin's fundamental growth.
On Daily data, Histogram has recorded another higher lows conveying that buyers are cementing the current range as the new base for the incoming price valuation. Pricewise, new higher lows was created as well. On WEEKLY, a shifting priceline is also noticeable depicting initial stage of a trend reversal.
Bubble up volume (bottom indicator) has reappeared many times the last 3 weeks -- suggesting active ACCUMULATION and net positioning.
Expect some significant bounce from the present price level.
Spotted at 0.2000
TAYOR
Safeguard capital always.
On Daily data, Histogram has recorded another higher lows conveying that buyers are cementing the current range as the new base for the incoming price valuation. Pricewise, new higher lows was created as well. On WEEKLY, a shifting priceline is also noticeable depicting initial stage of a trend reversal.
Bubble up volume (bottom indicator) has reappeared many times the last 3 weeks -- suggesting active ACCUMULATION and net positioning.
Expect some significant bounce from the present price level.
Spotted at 0.2000
TAYOR
Safeguard capital always.
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some news reference: NEWSBTC
Conflux (CFX) has had a positive run so far in 2023, placing itself amongst the best-performing altcoins in the first half of the year. However, the “Chinese Ethereum” has been trading in the red in the past few days. According to data from CoinGecko, CFX lost nearly 16% of its value in the past week.
DWF Labs Acquires $18 Million Worth Of CFX Tokens
This CFX price fall comes despite the acquisition made by DWF Labs in the past week. On Wednesday, June 28, the Conflux network announced that the multi-stage Web3 investment firm purchased $18 million worth of its token.
This latest investment is a follow-up to the initial $10 million purchase of CFX tokens in March. It is understood to be a demonstration of DWF Labs’ commitment to “supporting the growth of Conflux”.
In a tweet, the head of DWF labs, Andrei Grachev, emphasized how the network is an excellent technology and his firm’s willingness to increase its CFX holdings.
Conflux (CFX) has had a positive run so far in 2023, placing itself amongst the best-performing altcoins in the first half of the year. However, the “Chinese Ethereum” has been trading in the red in the past few days. According to data from CoinGecko, CFX lost nearly 16% of its value in the past week.
DWF Labs Acquires $18 Million Worth Of CFX Tokens
This CFX price fall comes despite the acquisition made by DWF Labs in the past week. On Wednesday, June 28, the Conflux network announced that the multi-stage Web3 investment firm purchased $18 million worth of its token.
This latest investment is a follow-up to the initial $10 million purchase of CFX tokens in March. It is understood to be a demonstration of DWF Labs’ commitment to “supporting the growth of Conflux”.
In a tweet, the head of DWF labs, Andrei Grachev, emphasized how the network is an excellent technology and his firm’s willingness to increase its CFX holdings.
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MACRO VIEW: DAILY DATA
Fresh signs are up!
KEY NOTES:
DAILY DOUBLE BOTTOM.
HIGHER LOWS formation
Significant net buy / accumulation
Strong major order block support bounce.
1.0 FIB level - beyond bargain discount.
I'm expecting a 'break' in structure soon.
Fresh signs are up!
KEY NOTES:
DAILY DOUBLE BOTTOM.
HIGHER LOWS formation
Significant net buy / accumulation
Strong major order block support bounce.
1.0 FIB level - beyond bargain discount.
I'm expecting a 'break' in structure soon.
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The 'obvious' tell tell signs are flashing on this one.
SEED.
SEED.
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Classic moves before pump: DAILY DATA.
spotted at 0.2090
spotted at 0.2090
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4H UPDATE:
Thinning movements, the frequency of a possible surge is getting higher!
Spotted at 0.1870
Thinning movements, the frequency of a possible surge is getting higher!
Spotted at 0.1870
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HOLD. HOLD. HOLD.
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We got a DAILY BREAKOUT.
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Something is telling me -- this ripe for a sudden ascend.
weekly chart is hinting already.
weekly chart is hinting already.
Comment:
spotted 0.1850
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GETTING RIPER by the day.
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It's coming... 0.17 levels will be forgotten soon.
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this is very sensitive to pump, frequency getting higher...
0.1787 price as of this posting.
0.1787 price as of this posting.
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TIME TO GET READY. CFX's SEASON is UP.
DAILY descending trendline break since April 2023.
Ascend volatility is picking up.
DAILY descending trendline break since April 2023.
Ascend volatility is picking up.
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WEEKLY DATA UPDATE.
SHORTERS WEIGHT is OUT already.
Light as a feather now -- FLIGHT in sight.
TAYOR.
SHORTERS WEIGHT is OUT already.
Light as a feather now -- FLIGHT in sight.
TAYOR.
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Moving past 0.18 now...
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A breakout it is.
This is barely scratching the surface -- expect more significant ascend from the current price range. we're now at 0.19
This is barely scratching the surface -- expect more significant ascend from the current price range. we're now at 0.19
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0.2 will come sooner than expected based on recent movements.
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CFX is currently on accumulation phase.
RR on this one is a no brainer -- to irresistible to be missed.
Spotted at 0.1200
RR on this one is a no brainer -- to irresistible to be missed.
Spotted at 0.1200
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1st weekly 'solid' net buy candle appear.
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Pump sensitivity alert on this one.
It touched 13 again, looks like it found its strong support.
A generous bounce is expected.
TAYOR.
It touched 13 again, looks like it found its strong support.
A generous bounce is expected.
TAYOR.
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No more doubts on this one. It's gathering energy for the elusive surge soon.
TAYOR.
TAYOR.
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New heights sighted on this one soon.
Weekly shift has been signaled. Same signal dna before the 0.40 surge last January.
Get ready.
TAYOR.
Weekly shift has been signaled. Same signal dna before the 0.40 surge last January.
Get ready.
TAYOR.
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Moving as planned. Seed while it's still calmer.
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Price movements are firming up, ascend journey is almost certain.
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The flight plan is ready for this. No more 'blue-BEAR" bar volume. Bulls will take over now.
Spotted at 0.125
TAYOR.
Spotted at 0.125
TAYOR.
Trade active:
We've passed 0.13.
Two words to remember. DON'T DOUBT. It's coming sooner than expected.
TAYOR.
Two words to remember. DON'T DOUBT. It's coming sooner than expected.
TAYOR.
Trade active:
Weekly data is looking good. This may target x2/x3 by end of year or Q12024.
TAYOR.
TAYOR.
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Daily bend spotted. Ascend next.
TAYOR.
TAYOR.
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Daily data update:
After the market breakdown yesterday, CFX remained firm on its range.
Daily data is conveying a price shift -- with an A1 setup score in my opinion.
TAYOR.
After the market breakdown yesterday, CFX remained firm on its range.
Daily data is conveying a price shift -- with an A1 setup score in my opinion.
TAYOR.
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Be patient. We're almost there.
Reference: Daily data: Spotted at 0.1150
Reference: Daily data: Spotted at 0.1150
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New attempt by CFX based on 4H data. Let's see if this succeeds.
If it breaks the green line above, a confirmed reversal will be in play.
spotted at 0.10
TAYOR.
If it breaks the green line above, a confirmed reversal will be in play.
spotted at 0.10
TAYOR.
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About to kiss the trendline resistance -- strong momentum may surface from here on.
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Welcome back 0.11.
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looking good so far for CFX.
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Weekly is showing signs of significant net accumulation.
Momentum is building up.
Momentum is building up.
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BREAKOUT.
Congrats 'patient' holders. :)
All worth it.
Congrats 'patient' holders. :)
All worth it.
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What a rise.
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ON SALE again. Discount will be limited time only. :)
+
+
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Daily data update:
CFX looking to continue upside with targets to .18-0.20 range on its next runup.
CFX looking to continue upside with targets to .18-0.20 range on its next runup.
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4h data update:
CFX is eyeing 0.19 -- high possibility.
CFX is eyeing 0.19 -- high possibility.
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moving as planned. keen on its target: 0.19
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Target hit plus more.
Congrats holders.
Congrats holders.
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CFX preppin for 0.25
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The squeeze on this one after consolidation will be very very strong.
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0.25 BOUND.
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cfx is ranging ascendingly and a short squeeze may be incoming.
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BIG ALERT.
About to touch the heatzone area. Big upside move prospect about to commenced.
About to touch the heatzone area. Big upside move prospect about to commenced.
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currently eyeing 0.25 levels.
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This moved as expected based on our last post targeting 0.25. A breakout of that zone would mean more significant rise forthcoming.
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CFX has the most generous set of surges which can be taken advantage of.
We are at the reset base again for the next 20% runup.
TAYOR.
We are at the reset base again for the next 20% runup.
TAYOR.
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Consistently up.
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There ya go, the first set of jump. More to come.
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Based on recent price behavior, this is strongly eyeing an X2 target - back to previous peak at 0.50 soon.