A promising opportunity on #CFX/USDT — Has the launch begun?
Quick technical analysis: The CFX/USDT pair shows positive signals on the 4-hour timeframe after a clear bounce from the support area around 0.1823 USDT. The price is now at 0.2142 USDT with an increase of +3.08% over the last 24 hours.
Last candle type: The last candle is a relatively small bullish candle, appearing after a series of bearish candles, indicating a potential reversal signal if confirmed in the next candle.
Technical indicators:
RSI: At level 60, still in a rising neutral zone, supporting the continuation of momentum.
MACD: A slight positive crossover, beginning an upward move.
Bollinger Bands: The price is moving above the midline, reinforcing the likelihood of a rise towards the upper limit.
Entry points, target, and stop loss:
Entry area:
Between 0.2100 - 0.2140 USDT
Targets:
First target: 0.2290 USDT
Second target: 0.2480 USDT
Third target (in case of a strong breakout): 0.2790 USDT
Stop Loss:
Below the last support: 0.1980 USDT
Do you think CFX can break the current resistance and launch towards new levels? Share your thoughts in the comments!
