CFX/USDT – 1H – SELL

The pair Conflux/Tether (CFX/USDT) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 0.0473 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.054 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.054 – 0.0504 – 0.0508 – 0.0473 – 0.0477 – 0.0483 —
0.050000000 – 0.050600000 —
40.947169927027 – 42.131484856551 —
– —
0.054 – 1772053200

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Black Crows – – –