CFX/USDT – 30M – SELL

The pair Conflux/Tether (CFX/USDT) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at is certain.

Caution: A possible trend reversal in the direction of resistance at 0.062370000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.059619 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.062370000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.062370000 – 0.06136 – 0.06142 – 0.05958 – 0.05999 – 0.06009 —
0.062370000 – 0.061600000 —
68.476199540804 – 53.203129270365 —
0.062370000 – 1777867200 —
– 1777867200

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Black Crows – – –