CFX/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support at 0.0473 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.0548 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish 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 Black Crows’ going down is 82%.

0.0548 – 0.056 – 0.0579 – 0.0473 – 0.0498 – 0.0437 —
0.052200000 – 0.051200000 —
60.85010759235 – 45.724489351512 —
– —
0.0548 – 1771660800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –