Using the Gann fan is a powerful tool - CFX/USD exampleOnce you know how to properly apply the Gann fan, it provides powerful guidance and precision.
Notice how it marks support, resistance, trend break and direction.
Key stats
About CFX
CFX Conflux - honestly, a very nice setup here, in plain sight TD13 established as current bottom on 5D Heikins.
Bumping against the 3/1 Gann angle and aiming as high as the 8/1 with the superconfluence of 0.618/0.702 and Ichimoku cloud.
We could be talking serious gains here, double your money. All depends on the mini-alt season brewing (or not). Still, the
CFXUSD Inside the Channel Down, not bullish yet.Conflux (CFXUSD) has been trading within a Channel Down pattern since the March 19 High. The 1D MA50 (blue trend-line) has priced all Lower Highs since May 23 but it is the 1D MA100 (green trend-line) that has been untouched since June 01.
The 1D RSI is on Higher Lows against the Lower Lows of the
✴️ Conflux vs FetchAI - Let Me Explain! (Major Bullish Wave)These two are not competing, just let me explain...
If you read the FetchAI trade idea, I mentioned that it moved first in early January 2023/late December 2022. It moved first and strong leading the market.
This type of action is also true for Conflux (CFXUSD).
If FetchAI ends its correction and
Conflux Network (CFX) Conflux is China’s only regulatory-compliant public blockchain at this time.
Key Takeaways:
Conflux is the only regulatory-compliant, public permissionless blockchain in China.
Conflux is a proof of work and proof of stake hybrid blockchain.
Conflux has a unique Tree-Graph structure and GHAST c
Conflux (CFX)After Conflux broke the long-term downtrend line, it made a huge rise. Now, CFX is in a correction phase which seems to unfold in a triangular pattern. Let's see when CFX breaks this pattern.
CFXUSD Double bottomed and is looking for +45% rally.Conflux (CFXUSD) made a low two days ago on the 0.1725 Support and along with the June 15 Low, makes so far a Double Bottom formation. It is no surprise then to see the price on a strong 1D candle today, headed towards the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line).
The pattern
CFXUSD The 1D MA50 distinguishes buying from selling.Conflux (CFXUSD) is testing the 1D MA50 (blue trend-line) today near the top of its March Channel Down. With the 1D MACD on a Bullish Cross and the 1D RSI rebounded from the (nearly) oversol 30.00 territory, a 1D candle closing above the 1D MA50, will be a bullish break-out signal first towards Resi
CFXUSD Triangle broken upwards. $0.7500 is the target.Conflux (CFXUSD) broke above the short-term Triangle and technically should extend the enormous +2200% rise since December's Low. We are targeting the 0.786 Fibonacci level at 0.75000. During this rally, the 1D MA50 (blue trend-line) has been supporting, so technically as long as it holds, CFX is a
CFX bad entry Solution 2023/03/25Current conditions for analysis:
- 2000 Units have been opened at 0.39
- Exit price 0.2
- Current lost at 0.2= 240 $
Strategy:
1. Open grid bot 0.35-0.2
(Bot will reduce entry price minimise losses)
2. If market conditions are ok reopen a same size position
3. Calculate risk/reward ratio
4. Clo
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