CFX/USDT – 30M – BUY

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

A continuation of the uptrend up to the next resistance at 0.06427 is likely expected.

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

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.06613 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.06427 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Up’ candle chart pattern is found. The candles form ‘Three Outside Up’. this 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).

0.06427 – 0.06437 – 0.07137 – 0.0622 – 0.0611 – 0.06089 —
0.063480000 – 0.063960000 —
43.304135309488 – 47.139543884561 —
– —
0.06427 – 1778103000

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