CFX/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.0483 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.0525 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0483 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.0525 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.0525 – 0.0548 – 0.0553 – 0.0483 – 0.0513 – 0.0501 —
0.049500000 – 0.050800000 —
36.285489660142 – 50.281345251736 —
– —
0.0525 – 1771754400

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