The currency pair Conflux/Tether (CFX/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 0.0654 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.06346 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.07137 |
| Next High | 0.0654 |
| Current Price | 0.065210000 |
| Next Low | 0.06346 |
| 2nd Low | 0.0623 |
| 3rd Low | 0.0622 |
0.0654 – 0.06502 – 0.06427 – 0.06346 – 0.0623 – 0.0622 —
0.064490000 – 0.064900000 —
47.408525252751 – 52.757489954873 —
– —
0.0654 – 1778157000
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Outside Up – – –