CFX/USDT – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 0.04731 will continue.

Caution: A possible trend reversal in the direction of the support line at 0.04391 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 0.04579 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.04731 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Up’ chart pattern is existing. The candles show ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.04579 – 0.04551 – 0.04548 – 0.04391 – 0.04451 – 0.04504 —
0.045300000 – 0.046170000 —
66.628240385771 – 70.432337655656 —
– —
0.04579 – 1781364600

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