CFX/USDT – 4H – BUY

The combination Conflux/Tether (CFX/USDT) breaks through the descending trendline upwards

A bullish movement up to the next resistance line at 0.04567 will continue.

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

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.04529 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.04567 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

0.04567 – 0.04663 – 0.0445 – 0.04173 – 0.04139 – 0.04113 —
0.043430000 – 0.042960000 —
52.988216539484 – 45.414506846613 —
– —
0.04567 – 1783368000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three White Soldiers – – –