CFX/USDT – 1H – BUY

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

The bullish trend upwards to the next resistance level at 0.0508 will persist.

Caution: A possible trend reversal in the direction of the support zone at 0.0473 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Bullish Belt Hold’ candle pattern is existing. The candles show ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.0508 – 0.0525 – 0.0548 – 0.0473 – 0.0477 – 0.0483 —
0.049000000 – 0.048500000 —
52.745531747205 – 44.650809319125 —
– —
0.0508 – 1771848000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bullish Belt Hold – – –