CFX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.04818 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.05116 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

There is also a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.05116 – 0.05075 – 0.05092 – 0.04818 – 0.04841 – 0.04986 —
0.048870000 – 0.048710000 —
40.505035558809 – 39.774551349991 —
– —
0.05116 – 1772785800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Two Crows – – –