CFX/USDT – 1H – SELL

The combination Conflux/Tether (CFX/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 0.0562 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.05826 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Falling Window’ candle pattern is found. The chart shows ‘Falling Window’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).

0.05826 – 0.05992 – 0.06366 – 0.0562 – 0.05585 – 0.05852 —
0.056750000 – 0.055250000 —
42.856133053005 – 26.225805392985 —
– —
0.05826 – 1774728000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Falling Window – – –