CFX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.04704 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.04969 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.04969 – 0.04967 – 0.0532 – 0.04704 – 0.0483 – 0.05 —
0.049540000 – 0.049050000 —
61.895988720654 – 53.438887437197 —
– —
0.04969 – 1781834400

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Engulfing – – –