CFX/USDT – 1H – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A bearish movement down to the next support at 0.04713 will persist.

Caution: A possible change in the direction of the resistance level at 0.04945 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

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

Next a ‘Bearish Belt Hold’ candlestick pattern is discovered. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.04945 – 0.0511 – 0.0532 – 0.04713 – 0.04715 – 0.04769 —
0.048170000 – 0.048440000 —
45.359391168725 – 45.96795780379 —
– —
0.04945 – 1782140400

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –