CFX/USDT – 1H – SELL

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

A descending movement down to the next support at 0.05887 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.06094 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Collapsing Doji Star’ candlestick pattern is existing. The candles form ‘Collapsing Doji Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

0.06094 – 0.0607 – 0.06052 – 0.05887 – 0.05851 – 0.05625 —
0.061340000 – 0.060950000 —
58.887511030768 – 53.829423089552 —
– —
0.06094 – 1777698000

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