CFX/USDT – 30M – SELL

The pair Conflux/Tether (CFX/USDT) jumps from the ascending trendline downwards

The bearish trend downwards to the next support at 0.04669 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.04929 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.04929 – 0.04822 – 0.04813 – 0.04669 – 0.04679 – 0.04682 —
0.049010000 – 0.049310000 —
60.899765895716 – 58.679746841938 —
– —
0.04929 – 1773034200

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Engulfing – – –