CFX/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.05999 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.06237 could happen.
Consider stop-loss settings accordingly.

Next a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.06237 – 0.06136 – 0.06142 – 0.05999 – 0.05958 – 0.05999 —
0.061040000 – 0.061320000 —
45.107639827497 – 54.436879404642 —
– —
0.06237 – 1777867200

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Two Crows – – –