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Technical analysis by GoldenTrades_ about Symbol CFX: Buy recommendation (10/6/2024)

https://sahmeto.com/message/2879470
GoldenTrades_
GoldenTrades_
Rank: 23476
1.5
Buy،Technical،GoldenTrades_

Do you want to know why I thought meme coins are strong?During every pump, all coins follow a certain pattern. This time, they followed a pattern too. But when some coins break those patterns, they become the strongest. What was the pattern?There was a simple pattern that all alts were following: they would touch the 200 Daily SMA. Almost every altcoin that was breaking out would get rejected after touching it, leading to a correction. You can go and check this yourself.Now, CFX is breaking out, and the 200 Daily SMA can be a good target for the short term. By the way, it was rejected there the first time. The good part is, if it reclaims it this time, CFX could become a top gainer and potentially deliver a 30-40% rally. Keep an eye on coins like this. There's always a pattern that is secretly followed. If you identify it early, you'll do well.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Price at Publish Time:
$0.18457
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