The currency pair Conflux/Tether (CFX/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.07137 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.06089 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candlestick pattern is existing. The candles form ‘Three White Soldiers’. this 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 ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.07137 |
| Current Price | 0.063600000 |
| Next Low | 0.06089 |
| 2nd Low | 0.05958 |
| 3rd Low | 0.05887 |
0.07137 – 0.06237 – 0.06142 – 0.06089 – 0.05958 – 0.05999 —
0.066130000 – 0.062750000 —
82.013702056335 – 50.152031005386 —
– —
0.07137 – 1778018400
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three White Soldiers – – –