CFX/USDT – 30M – SELL

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.06344 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.06682 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.06682 – 0.06235 – 0.06256 – 0.06063 – 0.06086 – 0.06006 —
0.065970000 – 0.066040000 —
65.060889598671 – 63.487224134283 —
– —
0.06682 – 1773972000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Outside Down – – –