CFX/USDT – 4H – BUYThe combination Conflux/Tether (CFX/USDT) jumps from the bearish trendline up.
An ascent up to the next resistance line at 0.054 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.0437 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘StochRSI %K crosses above 0.2’ indicator layout is found. The indicator is ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart scenario. The currency pair could go up.
Moreover a ‘Above the Stomach’ candle pattern is discovered. The chart shows ‘Above the Stomach’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.056 |
| 2nd High | 0.0548 |
| Next High | 0.054 |
| Current Price | 0.046600000 |
| Next Low | 0.0437 |
| 2nd Low | 0.0403 |
| 3rd Low |
0.054 – 0.0548 – 0.056 – 0.0473 – 0.0498 – 0.0437 —
0.050000000 – 0.048200000 —
47.388176784126 – 31.546258964925 —
– —
0.054 – 1772049600
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Above the Stomach – – –