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.

הערה:

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.

הערה:

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.

הערה:

It seems CFX is moving upward in an ascending channel.

הערה:

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.

הערה:

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.

הערה:

CFX, almost ready!

הערה:

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