Conflux (CFX) - trend reversal

3 May 2022

On the the above 1-day chart price action has corrected 90% from the $1.30 high of March 2021. A number reasons now exist to be long, including:

1) The ‘incredible buy’ signal… oh wait it’s not there is it. Or is it.. read on.

2) Trend reversal. Higher highs and higher lows have replaced lower highs and lower lows.

3) Price action is currently testing the golden ratio and bottoming candle.

4) The 2-day BTC pair (below). If you’ve been paying attention to my publications recently - wink wink nudge nudge.

Is it possible price action falls further? Sure.

Is it probable? Very unlikely.

Good luck!

Ww

CFX/BTC pairs on 2-day chart

7 May 2022

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Ignore the noise if you can, 60% move to the upside is very probable in the near future.

15 May 2022

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buy signal on daily chart

4 Ağu 2022

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