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CFX / TetherUS

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CFXUSDT trade ideas

Local Bottom In? CFX Retrace ToughtsAfter trending down for the last 1.5 months on BTC prices may have found a LOCAL bottom. In general there is still expectation for lower prices but a retrace after such a large drop seems to be in order. IF btc and eth manage to hold and make a push to the upside for the next few days to weeks may alt coins will follow. Currently there is no expectation of higher highs as macro uptrends have been broken to the down side. Being the drop has been so large the spread of the retrace is sizeable This is an hourly chart CFX. Price seen a very very strong reaction at the daily value area low on the fixed volume indication with a quick and hard push up of approximately 20%. Since price has managed to hold the current range and is consolidating. Looking at the volume profile of the current consolidation looks like there a potential for some decent moves to the upside before reentering for a much larger short position. Trade Well.............
Long
by Degen-Dynasty
1
CFX/USDT Analysis on Daily TimeframeCFX/USDT Analysis on Daily Timeframe: The price is currently attempting to break down from this pattern. If the breakdown happens, we might witness a drop in CFX price by at least 30-50%. I anticipate the price to break down soon, but we'll have to wait and see. Please remember: this is just an idea. Before making any decisions, it's important to conduct your own research. Best of luck in your trading endeavors! If you find our analysis helpful, please consider supporting us. Happy trading!
Short
by Crypto-By-Ghazi
Conflux Possible Playout ChartIn the coming period, Conflux's price movement is anticipated to exhibit a horizontal trend within its channel boundaries. If you intend to employ a scalping strategy, it's estimated that CFX's volatility will hover around 3%. At present, CFX is undergoing a phase of lateral movement, and discernible signals regarding a noteworthy upward or downward price shift are yet to materialize. Nevertheless, from a technical analysis perspective, there exists the potential for CFX to descend towards the price range of 0.1689, carrying a prospective decline of up to 8%.
Short
by Cozybanana78
✴️ Conflux Made Easy, New High Within Weeks Or Days? 1,000%This is quite revealing here, this Conflux chart, it is almost screaming out the fact that a new high is soon to follow... Let's have a look, join me! Conflux Daily (CFXUSDT) The market moves in waves, strong price fluctuations at all times are quite normal and expected, traders blood. Here we see how CFXUSDT went moot, 100% sideways when it comes to the lower prices after mid-June, what is going on? This tells us that support has been established and it is strong. Since prices are moving up now, since the indicators are going bullish and the current session trades above EMA50, we can expect additional growth. For two months straight support holds, never being tested again, technically higher lows. This is all we need to know that soon prices will grow. Strong higher low since the initial bullish wave, we can expect a higher high next and massive for this pair because the same type of action tends to repeat in each phase. Thousand percentage points growth, expect thousands more, according to the charts. Namaste.
Long
by MasterAnanda
CFXUSDT Analysis For Long Position!Did Analysis on 1D and 4H TF! If CFXUSDT Breaks 0.1941 and closes above this then it will reach TP1 and TP2 Wait for the Breakout and i have clearly mentioned the Take profit 1 and TP2! Breakout and Retest will be a strong Signal! Do watch for volume and i don't believe in indicators only price action & volume is the key! CFXUSDT Analysis on 1D and 4H time frame ⏰. STOPLOSS IS MUST! and depends on your portfolio! THIS IS NOT A FINANCIAL ADVICE. JUST SHARING MY IDEA WITH YOU GUYS. DYOR! Trade safe. :)
Long
by malikhaseeb7
#CFX USDTWhat Is Conflux (CFX)? Conflux (CFX) is a public layer-1 blockchain that was made to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure by being more scalable, decentralized, and secure than existing protocols. Conflux makes it easier to transfer valuable assets by making the process quick, effective, free of network congestion, and with low transaction costs. The platform is based on the Tree-Graph consensus mechanism, and it combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. The protocol uses Turing-complete smart contracts written in Solidity, just like those on Ethereum, and is compatible with the EVM (Ethereum Virtual Machine). Conflux's growth is fueled by CFX, the platform's native token, which gives users financial incentives to participate and engage more. The token is used to pay transaction fees, govern the network, and is given as compensation to miners who help secure the network via staking.
Long
by aytekus