CFX/USDT – 30M – SELL

The currency pair Conflux/Tether (CFX/USDT) moves from the ascending trendline down.

A bearish descent down to the next support line at 0.04391 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.04616 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.04579 – 0.04551 – 0.04548 – 0.04391 – 0.04451 – 0.04504 —
0.044320000 – 0.046380000 —
45.728342528084 – 79.135748651483 —
– —
0.04579 – 1781364600

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