Everyone is used to thinking that the fall on the stock exchange is just manipulation, or even calling it a casino. But in fact, it is a combination of manipulation and a regular correction, which the market needs to gain strength for further growth. This is obvious on the charts: waves of falls and rises create opportunities for analysis and forecasting. If you do not see this and do not understand the patterns, then, unfortunately, you will always lose money.
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what do you say? join in

https://www.youtube.com/live/KKZKlLcX1i4?si=kVkKZDeYDhgXEypU

#CFX

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Examples of news affecting volatility:

1. Political events: Elections, announcements of new sanctions, trade wars or statements by world leaders can create sudden instability. Even minor events, such as a change in the course of international relations, can change the mood in the market.

2. Economic reports: Reports on unemployment, GDP, inflation or consumer confidence directly affect the market. Unexpected data can cause a sharp change in the prices of stocks, currencies or commodities.

3. News from central banks: Statements about interest rates, a program of quantitative easing or the outlook for the economy can dramatically change the mood of investors, creating a wave of selling or buying.

At the moment, the price of CFX


is trading around $0.1315. Let's look at the support and resistance levels:
Resistance level: The main resistance level for CFX is around $0.14. This is a key area that CFX has been trying to break through in the last few days. A break above this level could trigger further growth to $0.15.
Support level: The nearest support level is at $0.125. If the price falls below this level, the next support is at $0.12. This is a critical level where selling pressure may increase, which may lead to a further fall in price.
CFX is showing a sideways movement with moderate volatility, which is typical for consolidation in anticipation of momentum. If trading volumes increase and the price consolidates above the resistance level, this may signal the beginning of a new uptrend.

Conflux (CFX) Price Today

Conflux (CFX) price today is around $0.13, and it has slightly increased by 0.08% in the last 24 hours. Over the past week, the price has decreased by 1.7%, but over the last 24 hours, the trading volume has amounted to more than $43 million, which indicates high interest from traders in the asset. (CoinGecko) (Blockworks).
An interesting news for the Conflux network is its partnership with Alibaba Cloud. This collaboration is aimed at stimulating Web3 innovation in Hong Kong, which can have a positive impact on the development of the network and potentially on the token price in the future. (CoinGecko) (CoinDesk).
This combination of technologies and large-scale partnerships can contribute to the long-term growth of Conflux, especially against the backdrop of growing interest in Web3 and blockchain technologies in the region.

CFX (Conflux) Price Prediction for the Near Future

The CFX (Conflux) price forecast for the near future remains neutral with a possible slight upward trend. The main factors that may influence the price include:
Current crypto market situation: If the overall market continues to recover, this may push the CFX price up.
Developer activity and partnerships: New announcements and improvements in the Conflux ecosystem may contribute to increased investor interest and an increase in the price.
Technical analysis: CFX is holding at a support level of around $0.12, and if this level holds, a rebound to $0.15 and above is possible.
However, it is worth considering that the cryptocurrency market remains extremely volatile, and the price may fluctuate greatly depending on news and macroeconomic factors.
For a more accurate forecast, it is recommended to follow the current news and analyze the charts.

CFX (Conflux) Price Statistics

Current CFX (Conflux) Price Statistics
Currently, CFX (Conflux) is showing steady growth despite the general instability of the cryptocurrency market. Over the past 24 hours, the CFX price has fluctuated between $0.12-$0.15, showing moderate volatility.
Key Stats:
Current Price: $0.1324-Hourly Trading Volume: $25MHP/D: $0.15HP/D: $0.12Weekly Change: +3%
CFX continues to attract the attention of traders, especially in light of the growing interest in blockchain and Web3 projects. Current dynamics indicate that the cryptocurrency is in the process of strengthening at its support levels.
Interesting at the end:
Did you know that Conflux was founded by Chinese scientist and Turing Award winner Andrew Yao? The Conflux project became the first public blockchain platform in China to be approved by the Chinese government. This makes CFX a unique cryptocurrency, especially in the context of increasingly strict cryptocurrency regulation in China. This historical connection with the Chinese authorities may play a significant role in the future development of CFX and its role in the global cryptocurrency market.

#CFX

As of September 2, 2024, Conflux (CFX)

As of September 2, 2024, Conflux (CFX) is seeing a significant increase in interest and activity. Over the past few days, the price of CFX has increased by 33%, reaching a five-month high. This is due to the increase in trading volume and the strengthening of positive sentiment around the project. Conflux continues to strengthen its position despite some volatility in the market.

It is also worth noting that new initiatives and improvements have been introduced to the Conflux ecosystem in recent days, which is also contributing to the growth of interest from investors and developers.

#cfx

Today's World News
Bitcoin Price Drop: Bitcoin continues to trade below $60,000 as investors become wary of global economic uncertainty and the possibility of the US Federal Reserve raising interest rates. This has led to significant sell-offs and the price falling below key support levels​(Neil Yanto Official Website).
Polymarket Bets: Large bets on the price of Bitcoin, Ethereum, and Solana are expiring on the Polymarket platform today. For example, the bet that Bitcoin will surpass $60,000 by the end of the day has seen over $830,000 bets. These bets are attracting investor attention as their outcome remains uncertain amid recent price fluctuations​(CryptoNewsZ).
Bitcoin ETF Outflows: Bitcoin ETFs are seeing significant outflows, reflecting growing caution among investors over possible changes in monetary policy. This may indicate a growing preference for more stable assets​(Neil Yanto Official Website).
These events indicate a high level of instability in the market, and the coming days may be decisive for the cryptocurrency rate.

CFX
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#cfx

On August 30, 2024, the CFX/USDT pair



$On August 30, 2024, the CFX/USDT pair is trading at 0.1366 USD, up 5% from the previous day. Yesterday was quite a tense day due to high market volatility, but the long trend is still there. However, it is worth considering that CFX shows a strong correlation with Bitcoin's movement. If Bitcoin falls to 30,000 USD, CFX may follow and reach historical lows. Therefore, it is important to remain cautious and monitor the market dynamics.
In addition, it is worth noting that despite the current fluctuations, Conflux continues to attract attention due to its unique Tree-Graph technology and the support of the Chinese government. This can ensure long-term stability and growth of the project, even in the current market conditions.

There’s a lot going on in the crypto world right now.

1. **Bitcoin on the Rise**: Bitcoin continues to gain momentum and is on the verge of hitting a new all-time high. Its current price is less than 13% below its previous record of $73,800, and experts are predicting further gains are possible【9†source】.

2. **Court Cases**: Cryptocurrency-related lawsuits continue in the US, including the ongoing case against Binance and its management for tax evasion in Nigeria【8†source】.

3. **Stablecoin Developments**: Ripple, the developer of the XRP Ledger, is entering competition with stablecoins Tether and USDC by issuing its own stablecoins, which could impact the market for these assets【8†source】.

These events could have a significant impact on cryptocurrency markets in the near future.$BTC

On August 29, 2024 Conflux (CFX)

On August 29, 2024, Conflux (CFX) is trading at 0.1338 USD, up 3% from yesterday. The price has started to bounce off the resistance at 0.1302 USD, and the market is showing a bullish long sentiment. The fear level in the market remains at 29, indicating moderate anxiety among traders, but at the same time, an expectation of growth.
In addition, it is worth noting that Conflux continues to develop as one of the leading platforms for decentralized applications and smart contracts. Despite market fluctuations, the project is strengthening its position due to the support of the Chinese government and the active development of the Web3 ecosystem.
#cfx #binance #BTC $

Cryptocurrency Market Trends

Cryptocurrency Market Trends. Bitcoin reserves on exchanges have been falling to multi-year lows in recent days, indicating a possible change in strategy among major players. This could signal higher prices or continued consolidation​(The Block).

Bitrue and CV Pad Partnership.

Bitrue and CV Pad Partnership. Cryptocurrency exchange Bitrue has joined forces with crypto incubator CV Pad to support new projects in the Web3 space. This collaboration aims to accelerate the entry of new projects onto the exchange and promote Web3 technologies (The Malaysian Reserve).

Binance to Stop Supporting Bitcoin NFTs

Binance to Stop Supporting Bitcoin NFTs. Despite the growing interest in NFTs on the platform, Binance has announced plans to stop supporting Bitcoin-based NFTs, sparking a wave of discussions in the community.

Today is the deadline to formally charge Durov or release him

If the French do release Durov, #TON,#NOTCOINand#DOGSwill likely experience rapid growth.

And let's vote:
👍 — release

👎 — extend the term again

#ton #Notcion #DOGS

Conflux CFX

Interesting fact about Conflux: Conflux network uses a unique Tree-Graph consensus mechanism, which allows merging parallel blocks into a single graph, thereby significantly increasing the network throughput. This makes Conflux one of the fastest blockchain platforms, capable of processing thousands of transactions per second without losing decentralization.

Another interesting fact about Conflux: this blockchain actively supports the development of decentralized applications (dApps) and smart contracts, providing its users with low transaction fees. Unlike many other blockchains, where fees can increase significantly when the network is heavily loaded, Conflux maintains stable and predictable costs for users, which makes it attractive to developers and businesses.
It is also worth noting that Conflux collaborates with major universities in China, including Tsinghua University, to conduct scientific research in the field of blockchain technologies.