CFX/USDT – 1H – SELL

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.04357004 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.04579 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. which 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 success rate of a ‘Bearish Engulfing’ going down is 79%.

0.04579 – 0.04616 – 0.04472 – 0.04434 – 0.0435 – 0.04277 —
0.044940000 – 0.044320000 —
44.001146995722 – 35.615981229405 —
– —
0.04579 – 1781362800

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