So it has been quite some time since we have discussed CFX and it may be time for our next big move to the upside.
CFX is one of those tokens that has a major Asian liquidity backing and tends to have very fast and hard runs followed by grueling long consolidation ranges.
For the past months or so we have been stuck in one of those long consolidation ranges but the charts are finally showing some signals we may be ready for the next move to the upside.
Looking at our daily oscillator we can see money flow in our current consolidation has been slowly but surely rising. Now we see in our price action a local brake of trend with a higher high and potentially higher low. Our wave trend indicators are also building curvature to the upside.
Current trading plan is look for a measured move to the .17 area for a partial take profit with intent to hold for the larger measured move to play out in the .25 area
CFX is one of those tokens that has a major Asian liquidity backing and tends to have very fast and hard runs followed by grueling long consolidation ranges.
For the past months or so we have been stuck in one of those long consolidation ranges but the charts are finally showing some signals we may be ready for the next move to the upside.
Looking at our daily oscillator we can see money flow in our current consolidation has been slowly but surely rising. Now we see in our price action a local brake of trend with a higher high and potentially higher low. Our wave trend indicators are also building curvature to the upside.
Current trading plan is look for a measured move to the .17 area for a partial take profit with intent to hold for the larger measured move to play out in the .25 area
