CFX/USDT – 1H – SELL

The pair Conflux/Tether (CFX/USDT) moves from the descending trendline down.

A continuation of the downward movement down to the next support level at 0.0437 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.04567 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.04567 – 0.04563 – 0.04663 – 0.0437 – 0.04412 – 0.045 —
0.044310000 – 0.044400000 —
40.447461868302 – 48.271403435518 —
– —
0.04567 – 1783371600

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Matching Low – – –