CFX/USDT – 1H – BUYThe currency pair Conflux/Tether (CFX/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.07137 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.06089 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.07137 |
| Current Price | 0.063990000 |
| Next Low | 0.06089 |
| 2nd Low | 0.05958 |
| 3rd Low | 0.05887 |
0.07137 – 0.06237 – 0.06142 – 0.06089 – 0.05958 – 0.05999 —
0.066800000 – 0.063720000 —
69.745220192768 – 55.55228789227 —
– —
0.07137 – 1778018400
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three White Soldiers – – –