CFX/USDT – 1H – BUYThe pair Conflux/Tether (CFX/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance line at 0.06479 will continue.
Caution: A possible counter-trend in the direction of support at 0.06006 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Belt Hold’ candle pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.06814 |
| Next High | 0.06479 |
| Current Price | 0.062300000 |
| Next Low | 0.06006 |
| 2nd Low | 0.05412 |
| 3rd Low | 0.05118 |
0.06479 – 0.06814 – 0.06619 – 0.06006 – 0.0628 – 0.05412 —
0.061770000 – 0.062110000 —
42.037845167478 – 50.709531491087 —
– —
0.06479 – 1773802800
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bullish Belt Hold – Symmetrical Triangle Chart Pattern – –