CFX/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 0.04682 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.04905 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Inside Down’ candlestick chart pattern is detected. The chart shows ‘Three Inside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.04905 – 0.05116 – 0.05075 – 0.04682 – 0.04811 – 0.04818 —
0.047170000 – 0.047790000 —
40.199345879905 – 51.389737695617 —
– —
0.04905 – 1772906400

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Inside Down – – –