CFX/USDT – 4H – SELL

The combination Conflux/Tether (CFX/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 0.04113 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.04945 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.04113 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 0.04945 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Falling Window’ candle chart pattern is detected. The chart shows ‘Falling Window’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).

0.04945 – 0.0532 – 0.04616 – 0.04113 – 0.04704 – 0.04391 —
0.042950000 – 0.044500000 —
39.249575091552 – 57.305150817082 —
– —
0.04945 – 1782129600

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Falling Window – – –