CFX/USDT – 1H – SELL

The pair Conflux/Tether (CFX/USDT) jumps from the ascending trendline downwards

A bearish trend down to the next support line at 0.06089 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.07137 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Matching Low’ candlestick pattern is found. The chart forms ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.07137 – 0.06237 – 0.06142 – 0.06089 – 0.05958 – 0.05999 —
0.063720000 – 0.063900000 —
55.552288291616 – 54.756968295237 —
– —
0.07137 – 1778018400

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Matching Low – – –