CFX/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A descending movement downwards to the next support level at 0.0496 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.05157 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘On Neck’ candlestick chart pattern is found. The chart shows ‘On Neck’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.05157 – 0.04993 – 0.04969 – 0.0496 – 0.04955 – 0.04862 —
0.049940000 – 0.050450000 —
45.401552875029 – 52.482713781881 —
– —
0.05157 – 1773162000

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