CFX/USDT – 1H – SELL

The currency pair Conflux/Tether (CFX/USDT) jumps from the descending trendline down.

A continuation of the downward movement down to the next support level at 0.0468 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.0487 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

And also a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.0487 – 0.051 – 0.0506 – 0.0468 – 0.0459 – 0.0451 —
0.048400000 – 0.050600000 —
53.51476502616 – 71.333555028103 —
– —
0.0487 – 1772553600

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Two Crows – – –