CFX/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.04825 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.05381 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Shooting Star’ chart pattern is discovered. The candles show ‘Shooting Star’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

0.05381 – 0.05319 – 0.05442 – 0.04825 – 0.05089 – 0.05092 —
0.051960000 – 0.052350000 —
55.427160315929 – 52.313437909042 —
– —
0.05381 – 1780336800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Shooting Star – – –