CFX/USDT – 1H – BUY

The pair Conflux/Tether (CFX/USDT) breaks through the bearish trendline up.

A bullish trend upwards to the next resistance level at 0.06094 is expected.

Caution: A possible trend reversal in the direction of the support zone at 0.05887 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Bearish Harami Cross’ chart pattern is existing. The chart forms ‘Bearish Harami Cross’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).

0.06094 – 0.0607 – 0.06052 – 0.05887 – 0.05851 – 0.05625 —
0.061170000 – 0.060640000 —
62.438941110083 – 51.339546785081 —
– —
0.06094 – 1777698000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Harami Cross – – –