CFX/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 0.04442 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.04555 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Three Inside Down’ candlestick pattern is found. The chart shows ‘Three Inside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.04555 – 0.04609 – 0.04531 – 0.04442 – 0.04418 – 0.04428 —
0.045110000 – 0.045100000 —
52.183028804517 – 52.512130844614 —
– —
0.04555 – 1784210400

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