Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination Conflux/Tether (CFX/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support line at 0.0541 is expected.
Caution: A possible change in the direction of the resistance zone at 0.0553 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0538778 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.0553 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.056 |
| 2nd High | 0.0559 |
| Next High | 0.0553 |
| Current Price | 0.054300000 |
| Next Low | 0.0541 |
| 2nd Low | 0.0533 |
| 3rd Low | 0.0465 |
0.0553 – 0.0559 – 0.056 – 0.0541 – 0.0533 – 0.0538 —
0.054700000 – 0.054700000 —
50.155723436589 – 49.253806286655 —
– —
0.0553 – 1771353000
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – – Symmetrical Triangle Chart Pattern – –