CFX/USDT – 1H – BUYThe combination Conflux/Tether (CFX/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.0452 is expected.
Caution: A possible trend reversal in the direction of support at 0.04091 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.05239 |
| 2nd High | 0.04731 |
| Next High | 0.0452 |
| Current Price | 0.044540000 |
| Next Low | 0.04091 |
| 2nd Low | 0.0403 |
| 3rd Low |
0.0452 – 0.04731 – 0.04679 – 0.04386 – 0.04445 – 0.04367 —
0.044490000 – 0.044340000 —
45.39619306067 – 50.946887994315 —
– —
0.0452 – 1781107200
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bullish Engulfing – – –