CFX/USDT – 4H – BUY

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

An ascending movement upwards to the next resistance line at 0.0548 is expected.

Caution: A possible trend reversal in the direction of support at 0.0437 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Moreover a ‘Three White Soldiers’ candlestick chart pattern is found. The candles show ‘Three White Soldiers’. 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 White Soldiers’ heading up is 82%.

0.0548 – 0.056 – 0.0579 – 0.0498 – 0.0437 – 0.0446 —
0.048500000 – 0.050200000 —
31.682477246375 – 48.441916587224 —
– —
0.0548 – 1771660800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three White Soldiers – – –