CFX/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support line at 0.04302 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.04602 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.04602 – 0.04426 – 0.0497 – 0.04302 – 0.04091 – 0.04238 —
0.045430000 – 0.045700000 —
61.076653691434 – 59.005890452327 —
– —
0.04602 – 1780822800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Engulfing – – –