CFX/USDT – 1H – SELL

The pair Conflux/Tether (CFX/USDT) moves from the descending trendline downwards

A continuation of the downtrend down to the next support line at 0.0465 is expected.

Caution: A possible change in the direction of the resistance level at 0.0553 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Matching Low’ chart pattern is found. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.0553 – 0.056 – 0.0541 – 0.0518 – 0.0533 – 0.0538 —
0.051600000 – 0.051000000 —
34.467955170396 – 38.607160899252 —
– —
0.0553 – 1771351200

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Matching Low – – –