CFX/USDT – 30M – BUY

The combination Conflux/Tether (CFX/USDT) breaks through the descending trendline upwards

The bullish trend upwards to the next resistance at 0.04929 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.04669 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Next a ‘Three Outside Up’ candlestick chart pattern is detected. The candles form ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.04929 – 0.04822 – 0.04813 – 0.04669 – 0.04679 – 0.04682 —
0.048750000 – 0.049130000 —
56.153783262267 – 55.358270189006 —
– —
0.04929 – 1773034200

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Outside Up – – –