The combination Conflux/Tether (CFX/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 0.04731 is considered certain.
Caution: A possible change in the direction of the support zone at 0.04391 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.05208 |
| 2nd High | 0.0497 |
| Next High | 0.04731 |
| Current Price | 0.047290000 |
| Next Low | 0.04391 |
| 2nd Low | 0.0435 |
| 3rd Low | 0.04277 |
0.04579 – 0.04551 – 0.04548 – 0.04391 – 0.04451 – 0.04504 —
0.047010000 – 0.046710000 —
70.166889387578 – 56.777469477659 —
– —
0.04579 – 1781364600
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Outside Up – – –