Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Conflux/Tether (CFX/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support line at 0.04442 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.04609 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.
Furthermore a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.
Furthermore a ‘Two Crows’ candle chart pattern is found. The candles show ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.04945 |
| 2nd High | 0.04663 |
| Next High | 0.04609 |
| Current Price | 0.046270000 |
| Next Low | 0.04442 |
| 2nd Low | 0.04418 |
| 3rd Low | 0.04205 |
0.04609 – 0.04545 – 0.04546 – 0.04442 – 0.04418 – 0.04205 —
0.046930000 – 0.047000000 —
63.334914239284 – 64.974380019545 —
– —
0.04609 – 1784178000
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –