CFX/USDT – 30M – BUYThe pair Conflux/Tether (CFX/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 0.06052 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.05897 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Engulfing’ candlestick pattern is discovered. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0612 |
| 2nd High | 0.06057 |
| Next High | 0.06052 |
| Current Price | 0.060270000 |
| Next Low | 0.05897 |
| 2nd Low | 0.05851 |
| 3rd Low | 0.05751 |
0.06052 – 0.06057 – 0.05884 – 0.05897 – 0.05851 – 0.05751 —
0.059500000 – 0.060230000 —
48.698807551584 – 64.737455432247 —
– —
0.06052 – 1777608000
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bullish Engulfing – – –