Conflux (CFX) - trend reversal

On the the above 1-day chart price action has corrected 90% from the $1.30 high of March 2021. A number reasons now exist to be long, including:

1) The ‘incredible buy’ signal… oh wait it’s not there is it. Or is it.. read on.

2) Trend reversal. Higher highs and higher lows have replaced lower highs and lower lows.

3) Price action is currently testing the golden ratio and bottoming candle.

4) The 2-day BTC pair (below). If you’ve been paying attention to my publications recently - wink wink nudge nudge.

Is it possible price action falls further? Sure.

Is it probable? Very unlikely.

Good luck!

Ww

CFX/BTC pairs on 2-day chart

Trade active:

Ignore the noise if you can, 60% move to the upside is very probable in the near future.

Trade active:

buy signal on daily chart

Trade closed manually