CFX/USDT – 1H – BUY

The pair Conflux/Tether (CFX/USDT) jumps from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance at 0.06199 is considered certain.

Caution: A possible reversal of the trend in the direction of support at 0.059990000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.06199 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.06199 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Up’ candle chart pattern is detected. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.06199 – 0.06094 – 0.0607 – 0.059990000 – 0.05887 – 0.05851 —
0.060370000 – 0.060900000 —
46.84827556 – 54.454602440574 —
0.059990000 – 1777798800 —
0.06199 – 1777762800

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