Analysis and Recommendation / Follow me to receive recommendations always, and also like the post
$CFX
Technical Analysis:**
1. **Trend Indicators:**
- **Exponential Moving Averages (EMA):**
- EMA(7) at 0.21460 is higher than EMA(25) at 0.20855 and EMA(99) at 0.18571, indicating a short to medium-term bullish trend.
- The difference between EMA(7) and EMA(25) shows positive momentum, but it may experience convergence (correction) if the price declines.
2. **Relative Strength Index (RSI):**
- RSI(6) at **67.59925**, indicating an **overbought** area (but not extreme). This may suggest a temporary pullback or stabilization before resuming the rise.
3. **Support and Resistance Levels:**
- **Resistance:** 0.23376 (24-hour high) then 0.23331.
- **Support:** 0.20550 (24-hour low) then 0.19159.
4. **Volume and Trading:**
- Daily volume is high (1.30B for CFX and 280.08M for USDT), supporting market liquidity.
- The moving averages of volume (MA(5) and MA(10)) show a relative decline, which may indicate a decrease in momentum.
---
### **Investment Recommendation:**
- **Short-term Traders (Scalping/Day Trading):**
- **Buy at:** 0.21933 (current price) or upon breaking 0.23376 with volume confirmation.
- **Stop Loss:** below 0.20550.
- **Profit Targets:** 0.23331 then 0.23376.
- **Medium-term Traders (Swing Trading):**
- Wait for a correction to the support area (0.20550 or 0.19159) to enter a buy position.
- **Stop Loss:** below 0.17669.
- **Target:** 0.23376 and higher if resistance is broken.
-
