CFX/USDT – 30M – BUYThe pair Conflux/Tether (CFX/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 0.04813 is likely expected.
Caution: A possible change in the direction of support at 0.04679 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Engulfing’ candle pattern is existing. The candles form ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.05116 |
| 2nd High | 0.04905 |
| Next High | 0.04813 |
| Current Price | 0.047880000 |
| Next Low | 0.04679 |
| 2nd Low | 0.0459 |
| 3rd Low | 0.0451 |
0.04813 – 0.04905 – 0.05116 – 0.04679 – 0.04682 – 0.04811 —
0.047320000 – 0.048220000 —
45.582278143159 – 56.195467017732 —
– —
0.04813 – 1772964000
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bullish Engulfing – – –