Conflux Network is a state-endorsed public blockchain in China, aiming to enhance interoperability and scalability through its Tree-Graph consensus algorithm. This technology allows Conflux to process transactions with increased speed and efficiency, promoting itself as a choice platform for developers and enterprises looking to build decentralized...
Hey Traders! 🌐📈 🚩 CFX Flag Pattern Alert: CFX has just signaled a flag pattern and successfully executed a breakout! 🚀 🔄 Retest Phase: It's currently in the retest phase, revisiting the breakout level. This retest is a crucial step before potential further upside. 💥 Boom Anticipation: 📉 Retesting is healthy; anticipate a strong move upward after this phase. 📊...
"What is Conflux? Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion.... As the only regulatory-compliant public blockchain in CHINA, Conflux provides a unique...
CFX bottomed out following the Q1 2023 H&S. Possible path to 0.77 if market rises and 0.18 breaks Best, Hard Forky
CFX seems to have entered a new volume trend, which could be confirmed in the next time frames. We will follow CFX to see if it's able to confirm.
Hi my lovely followers, I hope you are fine. I want to share my ideas about one of th best projects in crypto space. It is definitly Conflux/ $CFX/ Which will be one of few winners in 2024. It will record new highs createding unforgetable and Legendary story in crypto space. I'm sure with BSIM+ BTC L2/staking BTC on CFX+ Hong Kond dollar stablecoin launch/ in...
#CFX The price has been trading in a bearish channel since April 2022 The price recently broke this channel strongly The price also broke the moving average of 100 on the frame 1 D . We had a strong support area at price 0.1000 The price rebounded upward The price now is 0.1783. First goal of 0.2015 . Second goal 0.3288 . This rise is supported by oversold...
An example of an inverted H&S pattern that shows two distinct shoulders on either side As my last post said inverted H&S patterns tend to resolve very bullishly so I have shown the second right shoulder in green and then a moonshot. Bullish. This is the daily chart for CFX.
#CFX The price is moving in a bearish flag on the 4-hour frame We are now on the verge of breaking the channel upwards After the price rebounded from touching the uptrend as a support area at the .2200 level We have stability above moving average 100 We also have support from the RSI indicator Current price 0.2233 First target 0.2266 Second target 0.2331 Third...
hello guys... always this kind of divergence scares me! so I suggest you close your positions or get a short position! ___________________________ 💻📞☎️ always do your research. 💌📫📃 If you have any questions, you can write them in the comments below, and I will answer them. 📊📌❤️And please don't forget to support this idea with your likes and comment
hello guys... reasons for getting a long position: 1. the price touched the important zone (the gray area)! 2. broking the trendline! (the dashed line)! 3. QM pattern! there are two areas for getting the long position: 1- S&D zone and 2- QML area (two blue areas) target: 0.2409 ______________________ always do your research. If you have any questions, you...
CFX registered significant net buying this past few days. Volume surging with the recent good news about DWF Labs acquiring more CFX tokens believing in the coin's fundamental growth. On Daily data, Histogram has recorded another higher lows conveying that buyers are cementing the current range as the new base for the incoming price valuation. Pricewise, new...
Conflux (CFXUSD) has been consolidating around the 1D MA50 (blue trend-line) while holding the 1D MA200 (orange trend-line) as its Support. A simple break-out trading plan should be applied here. If the price closes a 1D candle below the 1D MA200, we will sell and target the top of Support Zone 1 at 0.1150. If it closes above Resistance Zone 1, we will buy and...
#CFX The price is moving sideways and has touched the lower border of the channel, where the support area is The price is expected to move from the current point upwards to the current price of 0.1760 First goal 0.1812 Second goal 0.1894 Third target 0.2041
CFX analysis: Price has been rejected from the resistance area and is now ranging between the support and resistance levels. Now the price is at support area if it can hold it , you can open a long position with tight stoploss(spot) Local Support Area: $0.168-$0.174 Next Support Area: $0.132-$0.148 Major Support Area: $0.10-$0.11 Local Resistance...
CFX look pretty good and I'm expecting a good run from it Wait for entry to mitigate and long from there
.1070 was the Monthly support level in February 2022. Price is currently bouncing off this level in October 2023 or 1.5 years later. CFX hit a low in December 2022 at 0.022.
CFX did first seem to have a breakdown, but whale A looks to have a new reenter on the CFX trend. There is a good chance we will see CFX breaks to higher levels. CFX shows since short term a building volume. This can end in a high volume for the coin.