CFX/USDT – 1H – BUY

The currency pair Conflux/Tether (CFX/USDT) jumps from the bullish trendline up.

A continuation of the uptrend up to the next resistance line at 0.05116 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.04682 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Next a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

0.05116 – 0.05092 – 0.0526 – 0.04682 – 0.04841 – 0.0475 —
0.047460000 – 0.047250000 —
35.45690444293 – 38.794741031193 —
– —
0.05116 – 1772784000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bullish Engulfing – – –