CFX/USDT – 4H – SELL

The combination Conflux/Tether (CFX/USDT) goes from the bullish trendline downwards

A bearish movement downwards to the next support at 0.04669 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.068140000 could occur.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.05662 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.068140000 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative 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’ going down is 82%.

0.068140000 – 0.05898 – 0.0526 – 0.04669 – 0.0451 – 0.0473 —
0.068140000 – 0.064700000 —
81.939483739996 – 65.51841176853 —
0.068140000 – 1773676800 —
– 1773676800

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