CFX/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.0446 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.0534 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.0534 – 0.0579 – 0.057 – 0.0446 – 0.0459 – 0.0403 —
0.047100000 – 0.048700000 —
50.829523437356 – 68.698237036955 —
– —
0.0534 – 1770397200

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –