Conflux (CFX) - Bullish divergence

On the above 2-day chart price action has corrected a whopping 97% since the sell signal back in March 2021 at $1.50 (see weekly chart below). A number of reasons now exist to be bullish. They include:

1) Double ‘incredible buy’ signals. Last I saw that it was on Solana in December 2020 @ $1.40. Yeah.

2) Price action and RSI resistance breakout.

3) Price action prints a higher low on on the golden ratio since breakout. A lot of the alt-tokens I’m studying are reproducing this pattern of events.

4) Regular bullish divergence. Multiple oscillators, MACD included, are printing positive divergence with price action. (see BTC pair below).

5) On ‘what if’ list. Not popped yet, obviously.

Is it possible price action falls further? Sure. Whomever you are selling after a 97% correction, I salute you.

Is it probable? You have to ask?

Enjoy them pumped up kicks.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: 2 to 4 months
Return: 30x

Weekly chart sell signal

2-day BTC chart

Trade active:

Price action bounce from past resistance. Excellent.

Trade active

Comment:

A excellent moment

Trade active:

We're cooking.

Trade active:

A nudge and a wink.

Trade active:

Nudge and a wink confirmed..

Comment:

How did I know?

2-day BTC pair

Do other exist? Yes… Badger for one

Trade active

Comment:

resistance around the 18-20 cent area

Comment:

1000% so far from the lows. A strong correction can now be expected as is indicated on the 4-day chart below.

Comment:

Take profits at 50 cents for the full 10x. Will revaluate afterwards.

Trade closed manually:

Very overbought with bearish divergence printing on the 6-day chart following a near 2000% return since the bottom.

Comment:

** education **


A number of messages asking if there's a trade like CFX to be had.. sure there is. There is always an abundance of opportunity.

A lot of study goes into ideas before publishing, more than is let on by the statements provided. There’s just no incentive to explain all. One of the aspects not often mentioned is the study that goes into the BTC pair of those tokens.

On CFX/BTC 3-day and 1-day charts (below) there was a buy signal + strong bullish divergence. I mean very strong, 8 oscillators and more. Emotions to one side you just don’t ignore this.

3-day CFX.BTC

1-day CFX.BTC

Is there a chart printing similar? Of course there is. Remember, there is always an abundance of opportunity. Some are ready to repeat CFX and others are ready to fall hard.

3—day CLV.BTC

1-day CLV.BTC

Trade closed manually:

Yes this idea has already been closed. However I thought it is such a strong close it was worth mentioning twice. There are many 'long' ideas published at the moment and that is madness in any asset after a 2000% move.

On the 8-day chart below the infamous pi-cycle top alert has printed. What more warning do you need?


8-day

Comment:

Do you remember this classic reversal pattern for CFX?

Only one token on Binance is printing this way right now..

Comment:

death cross, do not long this.

Comment:

The number of l´'long' ideas published on CFX after a 2000% run is easily over 90% after counting the last 50 ideas published. This is classic 90% of market participants transferring their money to the 10%.

If you prefer to make rather than lose it, wait for 6 cents at least.

6-day

Comment:

A move to 17 cents is about to print, then downtrend continues. Don't get emotional.

Trade closed manually:

In the update above it was said "A move to 17 cents is about to print". That has now happened.

Everyone is now long hoping for a repeat of the 2000% move that came before it. Not going to happen.

However all is not lost. This idea was originally published in part because of the reversal candle stick pattern that printed (see "don't know what I mean?")

There is only one other token in all of Binance and OKEX exchanges that I can find, which is currently printing a textbook candle stick reversal pattern like CFX did previously. Can you find it? Have already published this mystery token before and a 100x move followed after publishing. Will that happen again?


CFX

Don't know what I mean by a candle stick reversal pattern? Read this:

Comment:

Posted this chart a few updates back about the resistance. Look...