CFX/USDT – 4H – SELL

The combination Conflux/Tether (CFX/USDT) moves from the bullish trendline down.

A descending movement down to the next support at 0.04277 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.04616 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.04616 – 0.04731 – 0.05381 – 0.04277 – 0.04091 – 0.05038 —
0.045510000 – 0.045000000 —
53.396218520635 – 46.893792967259 —
– —
0.04616 – 1781208000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Two Crows – – –