CFX/USDT – 1H – BUY

The currency pair Conflux/Tether (CFX/USDT) moves from the bullish trendline up.

A continuation of the uptrend up to the next resistance line at 0.0511 will continue.

Caution: A possible trend reversal in the direction of the support level at 0.04704 could occur.
Consider stop-loss settings accordingly.

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

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Inverted Hammer’ chart pattern is discovered. The chart shows ‘Inverted Hammer’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ going up is 65% (Bull Market).

0.0511 – 0.0532 – 0.04747 – 0.04704 – 0.04593 – 0.04597 —
0.049400000 – 0.048250000 —
46.570211176349 – 37.069117543015 —
– —
0.0511 – 1781877600

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Inverted Hammer – – –