CFX/USDT – 1H – BUY

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

The bullish trend up to the next resistance at 0.054 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.0473 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Up’ candle chart pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.054 – 0.0504 – 0.0508 – 0.0473 – 0.0477 – 0.0483 —
0.052100000 – 0.049700000 —
54.190230341445 – 36.894351894177 —
– —
0.054 – 1772053200

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