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without_worries
May 3, 2022 12:59 PM

Conflux (CFX) - trend reversal Long

OKX:CFXUSDT1D
Conflux Token/TetherOKX

Description

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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

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

Trade active

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buy signal on daily chart

Trade closed manually

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FibonacciMultiple Time Frame AnalysisTechnical Indicators
Comments
AshfaqurRahmanSarker
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Market conditions are not good,,,Small investors like us are not making a profit!
without_worries
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@AshfaqurRahmanSarker, Indeed. One must have a strategy. On this one the trade remains **very** valid. Be patient.

On the 2-day price action is/way outside the band,,



On the 1-day a 'incredible buy' signal prints. Sorry this idea did not time the bottom perfectly, that's not my thing.

If you need help with a strategy... there's tons of messages everyday.. thinking about a private idea for members only, but I'd need support. My time can't be for free.

AshfaqurRahmanSarker
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Any update crpt?
without_worries
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@AshfaqurRahmanSarker,
Draig_Coch
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I like it.... the new matic runner is it 🏃‍♂️
wink wink nudge nudge
without_worries
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@Draig_Coch, I think so. There's another that is doing what Cardano fans wanted and SOLANA holders are still looking for. Which is it?! Perhaps when that 100 likes is hit I'll tell ;)
Draig_Coch
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wowza........ we r getting there.....its not EPS , BADGER or TRU is it ? il DM after FED violatility. when the schnitzel has settled.. I can't do it through the app... ....may be you can give us a clue....😂 nice one WW .
without_worries
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@Draig_Coch, There's several... is yours one of them? Who can tell...
gigabyte3d
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@without_worries, jasmy?????
without_worries
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@gigabyte3d, no, not yet.
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