CFX/USDT – 1H – SELL

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

A descending movement downwards to the next support line at 0.04593 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.05239 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Collapsing Doji Star’ candle chart pattern is found. The candles show ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).

0.04747 – 0.04793 – 0.04579 – 0.04593 – 0.04597 – 0.04391 —
0.048000000 – 0.049620000 —
64.378807906334 – 67.712771128822 —
– —
0.04747 – 1781596800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Collapsing Doji Star – – –