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CFX / TetherUS

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CFXUSDT trade ideas

CFXUSDT ⇒ A long positionhello 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 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
Long
by melikatrader94
6
CFX/USDT Anticipating a Bullish Climb from Demand Zone ? 🚀cfx💎 Paradisers, keep a close eye on #CFXUSDT, as it's currently showing promising signs of a bullish leap from its demand level. 💎 Reflecting on LSE:CFX recent patterns, we've seen a positive response following a retest of the falling wedge pattern. Currently, after facing resistance at $0.2476, there's a growing chance that LSE:CFX is gathering steam for another push to breach this resistance and aim higher towards the $0.3439 mark. 💎 As strategic traders, we're always evaluating alternate paths. Should our primary scenario not unfold as anticipated, we could see #CFX making a bullish turnaround from a lower support level at $0.1660. Be aware, though, that breaking below this level might trigger a more substantial bearish movement.
Long
by MyCryptoParadise
CFX Embrace the Future of Finance: Invest in Crypto Today 💰**Short Fundamental Analysis of Conflux (CFX)** **Overview** Conflux is a public blockchain protocol that aims to provide a scalable, secure, and decentralized platform for smart contracts and decentralized applications (DApps). The protocol utilizes a unique Tree-Graph consensus mechanism that combines elements of both Proof-of-Work (PoW) and Proof-of-Stake (PoS) to achieve high throughput and energy efficiency. Conflux is also compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily deploy their DApps on the platform. **Fundamentals** * **Scalability:** Conflux's Tree-Graph consensus mechanism allows for significantly higher transaction throughput than other blockchains, potentially enabling millions of transactions per second. * **Security:** Conflux employs a combination of cryptographic techniques and consensus protocols to ensure the security of its network. * **Decentralization:** Conflux utilizes a decentralized network of nodes to maintain its blockchain, ensuring that no single entity has control over the network. * **Efficiency:** Conflux's innovative consensus mechanism consumes significantly less energy than other blockchains, making it more environmentally friendly. **Recent News** * **Conflux Integrates Chainlink Oracles:** Conflux has integrated Chainlink oracles to enable decentralized price feeds and data feeds on the platform. This integration will be crucial for the development of DeFi applications on Conflux. * **Conflux Launches CFX Staking Rewards:** Conflux has launched a staking program that rewards CFX token holders for participating in the network's consensus mechanism. This program will increase the demand for CFX tokens and potentially drive up their price. * **Conflux Partners with dYdX:** Conflux has partnered with dYdX, a popular decentralized exchange, to provide liquidity for dYdX's USDC-ETH perpetual swap. This partnership will bring more users to Conflux and increase the demand for CFX tokens. **Disclaimer** Please note that cryptocurrency markets are highly volatile and unpredictable. Past performance is not necessarily indicative of future results. Invest only what you can afford to lose. **Conclusion** Conflux is a promising blockchain protocol with the potential to address some of the scalability and efficiency issues that plague other blockchains. The integration of Chainlink oracles, the launch of CFX staking rewards, and the partnership with dYdX are all positive signs for the future of Conflux. However, it is still too early to say whether Conflux will be able to achieve its full potential. Investors should carefully consider the risks involved before investing in CFX.
Long
by MoonTradingForecast
CFX Ready For Serious Correction?Looking at the daily on CFX we can see a major sign of weakness that MAY be signaling we are ready for a much larger move to the down side. After an insane 2000% push to the up side we seen a 50% retrace of that entire move and have since pushed up exactly 50% of the way to the top of the mega rally. This is a 50% retrace that has put in a lower high, had a clear identifiable trend that was broken, and is now being retested. IF we are head down much farther the next bearish signal will likely kick the move off. IF we see a bearish rejection at .20 target will be a 75% retrace of the 2000% pump in the .5-.6c area. Current Trading Plan is to short the bearish rejection of .20 and cover at bullish signals at 1/8 increments to the target area. A brake of the high Look for higher prices. Trade Well....
Short
by Degen-Dynasty
8