Conflux Bullish Based On MACD & RSI (Easy 377% - 628% Mid-Term)

27 sept

Many people have been tracking this pair after its major wave in 2023. Conflux (CFXUSDT) was one of the strongest moving projects in 2023, it produced huge growth. In the short span of 77 days, this pair grew by 2,155%, so you can imagine, this is bull-market type of action.

After this action there was another wave that started in late 2023 leading into early 2024 and now the there is room for massive growth. In this chart I am showing only mid-term targets, within 1-3 months; but let me tell you that total growth potential in 2025 is many, many times higher than what is shown here.

Looking at the chart as it is now, we have a double bottom/higher low. The double bottom is based on candle wick and the higher low based on candle close. The whole thing is bullish.

Current price action is also strongly bullish as today's session is trading above local resistance, this pair is ready to move ahead.

We have strong reading on the RSI (65.62) and the MACD is on the bullish zone. This is on the daily timeframe.

On the weekly timeframe the MACD produced a bullish crossover, this is major bullish signal:

The current weekly session is moving above EMA8, 13 and 21 as well.

The weekly RSI produced a lower low (hidden bullish divergence) and is trending straight up.


I used the weekly timeframe because the signals are many times stronger, to show that the pair is ready to grow for months.

This is an interesting one.
It should move fast and strong.
These are good signals.

Thanks a lot for your support.

Namaste.

(The CFXBTC trade-idea can be found below —'Related publications'.)