✳️ Conflux vs Bitcoin After A 1,367% Bullish Wave

22 de mai. de 2023

The chart for CFXBTC looks identical to the chart for CFXUSDT.

If you want more context for this analysis, start by reading the "✴️ Conflux Keeps Growing After 2,144%?" trade idea in the 'Related Ideas' below.

Let's get started... This should be quick.

We have a massive 1,367% bullish wave earlier this year followed by a classic correction.

We saw in February two corrective waves, short length and duration.
We then saw two corrective waves but long in duration... Perfect in accordance with Elliots rule of alternation.

After the correction is over we can get additional growth.
This is shown on the chart by 1,2 UP; 1,2 UP.

This analysis stays valid, always, above the 12-May hammer low.

Namaste.