CFX/USDT – 4H – BUY

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.063015 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.06205 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bullish Engulfing’ candle chart pattern is existing. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

0.06205 – 0.06495 – 0.06188 – 0.05625 – 0.05805 – 0.05708 —
0.058840000 – 0.060520000 —
43.367833523675 – 50.656490615878 —
– —
0.06205 – 1777420800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bullish Engulfing – – –