CFX/USDT – 30M – BUYThe combination Conflux/Tether (CFX/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 0.04361 is expected.
Caution: A possible counter-trend in the direction of the support zone at 0.04206 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Tweezers Bottom’ chart pattern is found. The candles form ‘Tweezers Bottom’. 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 ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.04844 |
| 2nd High | 0.04456 |
| Next High | 0.04361 |
| Current Price | 0.043350000 |
| Next Low | 0.04206 |
| 2nd Low | 0.04175 |
| 3rd Low | 0.04113 |
0.04361 – 0.04349 – 0.04456 – 0.04206 – 0.04175 – 0.04113 —
0.043170000 – 0.043560000 —
49.988058886519 – 52.730493395539 —
– —
0.04361 – 1782459000
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Tweezers Bottom – – –