CFX/USDT – 30M – SELL

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

A bearish movement downwards to the next support line at 0.04593 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.05048 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Three Inside Down’ candlestick chart pattern is found. The chart shows ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.05048 – 0.04747 – 0.04793 – 0.04593 – 0.04597 – 0.04643 —
0.049620000 – 0.050760000 —
63.689201289858 – 70.203027274466 —
– —
0.05048 – 1781654400

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