CFX/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A descending movement down to the next support at 0.04643 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.04793 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Three Inside Down’ candlestick pattern is found. The chart forms ‘Three Inside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.04793 – 0.04579 – 0.04551 – 0.04643 – 0.04391 – 0.04451 —
0.047660000 – 0.047570000 —
68.155841536314 – 60.375288231869 —
– —
0.04793 – 1781528400

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –