A_I_Vision

CFX: Break(fake)out zone?

BINANCE:CFXUSDT   CFX / TetherUS
Friends, I've been asked to give a comment on the CFXUSDT chart, so here is my take on it.

I've made both:
  • Wave analysis, that shows we're actually near entering into the last zone of purchases for the long term
  • And analysed this descending wedge with the possible breakout (You can totally see most of coins are in the same position).
I suggest you to look closely, if we will break it out, we will make the last wave with the upmove within the descending area, then - provide the last correction to the bottom zone, which, by that time, will connect with the old trendline resistance and the new support, and from there we will enter the long and boring accumulation zone.

Few words.
Nowadays most of the Alts' charts feel pretty much the same. Descending Wedges/triangles are everywhere. And this is the good time to trade those breakouts/fakeouts.
Cause after that, the real boring market will come into place. And it may take another year to reaccumulate everything and to shakeout The Last Samurais.

The bottom zone is near, however we're still not there.

👁️ A.I.Vision

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。