CFX/USDT – 30M – SELL

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

The bearish trend down to the next support line at 0.04593 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.05048 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.05048 – 0.04747 – 0.04793 – 0.04593 – 0.04597 – 0.04643 —
0.050130000 – 0.050730000 —
63.706997414907 – 64.523512634941 —
– —
0.05048 – 1781654400

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