📊 Technical Analysis for CFX
(The current price is preferred to be provided to me, or I will take the last known market price: approximately $0.15 - $0.17)
Support and Resistance:
Strong Support: $0.135 - $0.145
First Resistance: $0.18 - $0.19
Second Resistance: $0.22 - $0.24
Technical Indicators:
🔸 RSI: Recently hovering around the 50 level, indicating a balance between buying and selling.
🔸 MACD: A recent positive crossover may indicate the beginning of upward momentum.
🔸 Moving Averages: If the price breaks the 50-day average and holds above it, this reinforces the upward trend.
Possible Scenarios:
Bullish: If the price breaks the $0.18 area with strong trading volume, we may see a move towards $0.22 then $0.27.
Bearish: Breaking the $0.135 area will push the price down to $0.11 - $0.12.
