📊#CFX may rise according to the smiley face structure🚀🧠We corrected after breaking out of the all-time highs, had a high probability of a bounce after sweeping the liquidity pools, and successfully constructed a smiley face bullish structure near the buy zone that we may follow to pump.🚀
Let's see👀
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CFXUSDT trade ideas
cfx long setup ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
#CFX/USDT#CFX
The price has been trading in a bearish channel since April 2022
The price recently broke this channel strongly
The price also broke the moving average of 100 on the frame 1 D .
We had a strong support area at price 0.1000
The price rebounded upward
The price now is 0.1783.
First goal of 0.2015 .
Second goal 0.3288 .
This rise is supported by oversold conditions on the MACD
And the free moving momentum after it was broken
It is expected that the price will take some time with corrections to reach the second target
CFXUSDT - Inverted H&S PatternAn example of an inverted H&S pattern that shows two distinct shoulders on either side
As my last post said inverted H&S patterns tend to resolve very bullishly so I have shown the second right shoulder in green and then a moonshot.
Bullish.
This is the daily chart for CFX.
#CFX/USDT#CFX
The price is moving in a bearish flag on the 4-hour frame
We are now on the verge of breaking the channel upwards
After the price rebounded from touching the uptrend as a support area at the .2200 level
We have stability above moving average 100
We also have support from the RSI indicator
Current price 0.2233
First target 0.2266
Second target 0.2331
Third goal 0.2401
The beginning of a decline?From the data shown so far, it is the formation of the Ending Diagonal pattern, and this indicates the end of the current rise and the beginning of a new strong downward wave, and the failure of this pattern will be located on the chart with all the data.. Good luck.
*In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
cfxusdt → a downward move!hello guys...
always this kind of divergence scares me!
so I suggest you close your positions or get a short position!
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