CFX/USDT – 30M – SELL

The combination Conflux/Tether (CFX/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 0.04669 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.049690000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.04819 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.049690000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

0.049690000 – 0.04929 – 0.04822 – 0.04669 – 0.04679 – 0.04682 —
0.049690000 – 0.049140000 —
59.367555757613 – 55.83434648838 —
0.049690000 – 1773064800 —
– 1773064800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – – Rising Wedge Chart Pattern – –