Zaktualizowano

Conflux (CFX)

After Conflux broke the long-term downtrend line, it made a huge rise. Now, CFX is in a correction phase which seems to unfold in a triangular pattern. Let's see when CFX breaks this pattern.

Uwaga

It seems CFX is at the end of the correction phase, just below the downtrend line. Let's see if it can break this line.

Uwaga

Also, an important horizontal support/resistance area has formed, on which CFX has bounced four times now. Let's see if CFX can break this area too.

Uwaga

It seems CFX is moving upward in an ascending channel.

Uwaga

So, CFX have been moving up slowly but surly and breaking the previous highest high. Here there will be correction or oscillation, most probably. The next target is the CFX's ATH. Let's see what happens.

Uwaga

So, CFX reached the minor ATH but couldn't break it. It seems a cup and handle pattern is unfolding. Let's see what happens.

Uwaga

CFX, almost ready!

Uwaga

So, CFX broke the minor descending triangle too; reversal confirmation. Let's see what happens.

Uwaga

So, CFX's correction went deep, almost reaching the cup's bottom. It seems CFX broke the downtrend line, the handle, and is going up. Let's see what happens.

Uwaga

So, CFX is almost ready for the next upward phase. Let's see what happens.

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