CFX is displaying an interesting divergence across multiple timeframes — short-term breakout, but higher timeframes remain structurally bearish 📊🕒 30-min Chart: Price is breaking above a descending trendline, offering a short-term bullish bias. Momentum traders might find opportunities here for quick scalps ⚡
📉 3D Chart: Price recently failed to break through the larger descending channel — leading to a minor sell-off. This shows that the broader bearish structure is still in play.
📆 Weekly Chart:
CFX continues to respect a wide descending channel on the weekly timeframe. Until a clean breakout occurs, the macro trend remains bearish.👀 What to watch:
Short-term bounce could play out, especially if the lower timeframes attract volume.
However, unless the higher timeframe structure breaks, upside will likely be limited.
A textbook case of short-term opportunity inside a long-term downtrend. Traders should adapt accordingly and monitor both momentum and structure.
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I share more in my court
Join me on X: x.com/Coin_Mastermind
Join me on Telegram: t.me/coin_mastermind
Join me on X: x.com/Coin_Mastermind
Join me on Telegram: t.me/coin_mastermind
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.