CFX/USDT – 30M – SELLThe combination Conflux/Tether (CFX/USDT) goes from the bullish trendline down.
A bearish descent downwards to the next support at 0.06293 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.06682 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.063725 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.06682 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.06814 |
| Next High | 0.06682 |
| Current Price | 0.065190000 |
| Next Low | 0.06293 |
| 2nd Low | 0.06063 |
| 3rd Low | 0.06006 |
0.06682 – 0.06235 – 0.06256 – 0.06293 – 0.06316 – 0.06063 —
0.064990000 – 0.065950000 —
60.066261739554 – 64.000950226301 —
– —
0.06682 – 1773972000
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Black Crows – – –