CFX/USDT – 1H – SELL

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

The bearish trend down to the next support at 0.04593 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.05239 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ chart pattern is found. The candles form ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.04747 – 0.04793 – 0.04579 – 0.04593 – 0.04597 – 0.04391 —
0.050480000 – 0.050890000 —
64.701714531766 – 69.930938245363 —
– —
0.04747 – 1781596800

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