CFX/USDT – 30M – BUY

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

An ascending movement up to the next resistance level at 0.04844 is certain.

Caution: A possible trend reversal in the direction of the support level at 0.04231 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.04588 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.04844 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.04424 – 0.04844 – 0.04945 – 0.04231 – 0.04561 – 0.04735 —
0.043870000 – 0.043640000 —
43.506010776325 – 41.773426505094 —
– —
0.04424 – 1782338400

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