THIS IS HOW ESSENTIAL CONNECTING THE ANALYSIS WE'VE MADE PREVIOUSLY TO THE CURRENT MARKET SCENARIO OF $CFX!
ON THIS ONE, THE $CFX HOLD IS STRONG! IMMEDIATELY AFTER BOUNCING THIS ESSENTIAL LEVEL, A 20.50% INCREASE
Tests of the support key levels at 0.103, 0.114, and 0.118 revealed that CFX is a very resilient token to failures. We already anticipated that the price bounces would be enormous because this cryptocurrency has maintained this monthly low since last year. Therefore, taking into account that this is only a 1–20.50% rise. Even if the market structure of CFX tries to collapse, there will still be more. For those who accept lengthy limit orders, it will still result in great profitability because to the huge requests at the lower critical levels.
As of today, we now have the idea on how strong the waves of demands were in the hitherto interpretation of the price ranges 0.10-0.15 & 0.19-0.27. These are now where the price should properly play out before a huge movement appears.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
