Technical CRYPTO Analyst

#CFXUSDT is showing strong signs of a bullish continuation as it moves from a key support level toward retesting the minor resistance above. If price action holds momentum here, #CFX consistently respects this resistance zone, and if momentum sustains, an imminent breakout is on the horizon.

However, the bullish scenario isn't confirmed yet. The crucial level to watch is the minor resistance at $0.1730. We need a decisive break above this level, accompanied by strong engulfing candles and sustained momentum. Until that happens, we must stay cautious and avoid rushing into positions. It’s all about patience in these moments.

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www.tgoop.com/TechCryptoAnalyst/12359

34.8K viewsOct 21, 2024 at 16:57

#CFXUSDT is showing strong signs of a bullish continuation as it moves from a key support level toward retesting the minor resistance above. If price action holds momentum here, #CFX consistently respects this resistance zone, and if momentum sustains, an imminent breakout is on the horizon.

However, the bullish scenario isn't confirmed yet. The crucial level to watch is the minor resistance at $0.1730. We need a decisive break above this level, accompanied by strong engulfing candles and sustained momentum. Until that happens, we must stay cautious and avoid rushing into positions. It’s all about patience in these moments.

BY Technical CRYPTO Analyst