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.
"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...
move over neo
they actually built the eth for china
only fully compliant L1 with the chinese government
easier for projecs to expand into asia
which is probably cryptos biggest market given all the anime culture things
break this downtrend line (febuary?)
and we can target the previously show highs
that narrative should run the whole bull market... crypto markets...
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...
A trade analysis for CFX suggests a potential long position with a focus on flipping a clear level into support, along with a designated stop and long-term target.
Key Trade Details:
Long Position: Considering a long position on CFX.
Potential Support Flip: The trade is based on the potential flip of a clear level into support.
Stop Level: The stop is set below...
Conflux crossed today over the top of the April Channel Down, as well as the 1D MA50. The 1D technical outlook has turned overbought instantly (RSI = 71.137, MACD = -0.001, ADX = 36.832) but that might not weigh against a continuation of the uptrend as the 1D MACD just formed a Bullish Cross. The intra day pullback is a buy opportunity, aimed at the R1 level and...
Once 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.
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 setup is here. Interesting to see how we absorb the EMAs and Gann...
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 price, waving a big Bullish Divergence. The last time we saw a...
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 resumes growing, it means the entire Cryptocurrency market will...
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 consensus mechanism that work together to achieve high throughput,...
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 since the March 19 High is a Channel Down, so if the Double Bottom...
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 Resistance 1 and then the -0.5 Fibonacci extension at 0.93000.
Until...
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 buy. If a 1D candle closes below it, we would expect the market to...
Current 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. Close position back to previous maximum
*Follow up analysis require...
