There is also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair Conflux/Tether (CFX/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support at 0.04442 will continue.
Caution: A possible change in the direction of resistance at 0.04609 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.04945 |
| 2nd High | 0.04663 |
| Next High | 0.04609 |
| Current Price | 0.045980000 |
| Next Low | 0.04442 |
| 2nd Low | 0.04418 |
| 3rd Low | 0.04205 |
0.04609 – 0.04545 – 0.04546 – 0.04442 – 0.04418 – 0.04205 —
0.045670000 – 0.046690000 —
58.333773514738 – 66.597203684537 —
– —
0.04609 – 1784178000
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –