TradingBrokersView

CFXUSD Massive rise. How to trade this rally.

Largo
CRYPTO:CFXUSD   Conflux
Conflux/ CFXUSD is on a massive fundamental rally that easily crossed over the 0.25550 Resistance (1).
The rally doesn't seem ready to stop and by August can fill all gaps all the way to its historic High.
The last consolidation after the first rally was made within the High Variance Zone designated by the Channel Up consolidation during the Bear Cycle. There have been another two such Channels and will be our buy entries during this rally.

Trading Plan:
1. Buy at 0.1400 (2nd High Variance Zone).
2. Buy at 0.3000 (3rd and final Variance Zone).

Targets:
1. 0.8500 (below Resistance 2).
2. 2.0200 (Resistance 3 - All Time High).

Tips:
1. The RSI is supported in a similar way like December-January. That kick started a strong rise. Break below and the pattern might be negated.

Please like, follow and comment!!

Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉

Also doing account management, earn +15% monthly profit!

👉CONTACT: t.me/tradingbrokersview

Stop gambling with your trades! 🎰
Start being profitable! 💰
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.