CFX/USDT – 1H – SELLThe combination Conflux/Tether (CFX/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support at 0.05258 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.06188 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.06978 |
| Next High | 0.06188 |
| Current Price | 0.057290000 |
| Next Low | 0.05258 |
| 2nd Low | 0.051 |
| 3rd Low | 0.04939 |
0.06188 – 0.05953 – 0.06048 – 0.05751 – 0.05798 – 0.05977 —
0.058890000 – 0.057820000 —
37.864985170229 – 33.380255471675 —
– —
0.06188 – 1776834000