CFX/USDT – 30M – BUYThe pair Conflux/Tether (CFX/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 0.06198 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.05908 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Inverted Hammer’ chart pattern is found. The chart shows ‘Inverted Hammer’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.06705 |
| 2nd High | 0.06284 |
| Next High | 0.06198 |
| Current Price | 0.060320000 |
| Next Low | 0.05908 |
| 2nd Low | 0.05412 |
| 3rd Low | 0.05128 |
0.06198 – 0.06135 – 0.06284 – 0.05908 – 0.06088 – 0.06114 —
0.060970000 – 0.060630000 —
54.897417001769 – 45.040820605719 —
– —
0.06198 – 1774263600
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Inverted Hammer – – –