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This is a one-day-time frame analysis for CFXUSDT

Clearly, R3 and R1 are the resistance areas in this chart with their presentation of the disability of the price to rise at several points. R2 used to be a support area. And S1 is a long-term support area at the bottom that contains the support of price at some points. We see that the price was fluctuating in a descending channel in the past and then after a noticeable rise, it could reach higher amounts such as R3. Then be being rejected there, it had a kind of waterfall decline down to S1. Therefore, it is fluctuating below R1 and we predict it to experience more decline toward the bottom of S1 area after it experienced a little increase to R1 line. Here we will have two options. Either the price loses more support and falls below S1 and certainly more decline is there for it. Or it happens that the price is able to be supported and break R1 upward and via more fixation and support there, more rise toward R2 is expected. We highly recommend you to be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

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