The currency pair Conflux/Tether (CFX/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.04609 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.04442 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Advance Block’ chart pattern is discovered. The candles show ‘Advance Block’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.04945 |
| 2nd High | 0.04663 |
| Next High | 0.04609 |
| Current Price | 0.046620000 |
| Next Low | 0.04442 |
| 2nd Low | 0.04418 |
| 3rd Low | 0.04205 |
0.04609 – 0.04545 – 0.04546 – 0.04442 – 0.04418 – 0.04205 —
0.045620000 – 0.046780000 —
56.569604305712 – 66.11268133989 —
– —
0.04609 – 1784178000
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Advance Block – – –