CFX/USDT – 4H – SELL

The pair Conflux/Tether (CFX/USDT) goes from the bearish trendline down.

A continuation of the downward movement down to the next support line at 0.0403 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.0579 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.0579 – 0.0689 – 0.0737 – 0.0403 – 0.0501 – 0.0647 —
0.048200000 – 0.047700000 —
34.649523899235 – 43.632738175695 —
– —
0.0579 – 1770148800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Two Crows – – –