The combination Conflux/Tether (CFX/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 0.04663 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.04494 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Inverted Hammer’ candlestick pattern is discovered. The candles show ‘Inverted Hammer’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.04945 |
| 2nd High | 0.04844 |
| Next High | 0.04663 |
| Current Price | 0.046640000 |
| Next Low | 0.04494 |
| 2nd Low | 0.04442 |
| 3rd Low | 0.04418 |
0.046 – 0.04555 – 0.04609 – 0.04494 – 0.04442 – 0.04442 —
0.046330000 – 0.046690000 —
63.290666820006 – 60.967946447184 —
– —
0.046 – 1784269800
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Inverted Hammer – – –