Conflux (CFX) to $2.20

On the above 3-day chart price action has corrected 80% since March of this year. (Remember 90% of traders lose money, this is now reflected in price action). A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Price action finds support on the Golden Ratio. How you should think of this, there’s more buyers now than sellers.

4) Notice the support on the 21-week EMA? (Blue circles). Look now where price action has confirmed support.

5) The bull flag. From the flagpole to the breakout a 1500% measured move is forecast. This is $2.20.

6) GRM support is confirmed.

Is it possible price action continues to correct? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6%
Timeframe to act: Now
Return: 1500%

Handel aktiv

Kommentera:

Past resistance confirms support.

Kommentera:

GRM support confirmed.

Handel aktiv

Kommentera:

resistance breakout