CFX/USDT – 1H – BUY

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

A bullish ascent up to the next resistance at 0.04579 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.0435 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.04543454 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.04579 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.04579 – 0.04616 – 0.04472 – 0.04434 – 0.0435 – 0.04277 —
0.044600000 – 0.044500000 —
40.779870017538 – 44.156975370455 —
– —
0.04579 – 1781362800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Northern Doji – – –