CFX/USDT – 1H – BUY

The currency pair Conflux/Tether (CFX/USDT) breaks through the descending trendline up.

An ascending movement up to the next resistance level at 0.06142 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.05958 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘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 success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.06142 – 0.06199 – 0.06094 – 0.05958 – 0.05999 – 0.05887 —
0.061450000 – 0.060920000 —
60.415434023107 – 41.789024383041 —
– —
0.06142 – 1777809600

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