CFX/USDT – 30M – SELL

The combination Conflux/Tether (CFX/USDT) moves from the ascending trendline down.

A bearish descent down to the next support level at 0.0479 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.051 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0464924 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.051 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

0.051 – 0.0482 – 0.0489 – 0.0479 – 0.0468 – 0.0459 —
0.048500000 – 0.048300000 —
44.300881048249 – 46.70811061134 —
– —
0.051 – 1772467200

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