CFX/USDT – 30M – SELL

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

A descent downwards to the next support level at 0.04704 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.04969 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Last Engulfing Top’ candle chart pattern is detected. The candles show ‘Last Engulfing Top’. 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 likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.04969 – 0.04967 – 0.0532 – 0.04704 – 0.0483 – 0.05 —
0.051010000 – 0.049850000 —
66.130572502369 – 48.513155120608 —
– —
0.04969 – 1781834400

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Last Engulfing Top – – –