CFX Could Continue Rising in the Next Few Days, Predicts Analyst
The cryptocurrency trader and investor EliZ¥ predicted that the price of CFX may continue to rise in the coming few days. Read more on CE....
- Trader and investor EliZ¥ predicts that the price of Conflux (CFX) may continue to rise in the coming days.
- CFX's price broke above a negative trend line on its chart that had formed over the past 2 weeks.
- A bullish technical flag is on the verge of being triggered on CFX's daily chart.
- If the bullish flag is validated, CFX's price may rise to $0.1400 and potentially reach as high as $0.1715.
- However, if CFX fails to close above the negative trend line within the next 48 hours, the bullish thesis will be invalidated and the price may drop to the key support level at $0.1090.
The sentiment of the article is positive, as it suggests that CFX's price may continue to rise in the coming days. However, it also highlights the possibility of the bullish thesis being invalidated if certain conditions are not met.