CFX/USDT – 1H – SELL

The pair Conflux/Tether (CFX/USDT) goes from the ascending trendline downwards

The bearish trend down to the next support line at 0.06502 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.06819 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.06819 – 0.06789 – 0.0654 – 0.06502 – 0.065 – 0.06462 —
0.066240000 – 0.065360000 —
51.678922366641 – 41.394080682299 —
– —
0.06819 – 1778439600

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