CFX/USDT – 4H – SELL

The combination Conflux/Tether (CFX/USDT) moves from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 0.0403 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.0579 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Matching Low’ candle pattern is found. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.0579 – 0.0689 – 0.0737 – 0.0403 – 0.0501 – 0.0647 —
0.047300000 – 0.048700000 —
32.364174367155 – 42.207743582734 —
– —
0.0579 – 1770148800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Matching Low – – –