CFX/USDT – 30M – SELL

The currency pair Conflux/Tether (CFX/USDT) jumps from the bullish trendline downwards

A descending movement down to the next support at 0.0475 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.052600000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘StochOSC Bearish Divergence’ indicator signal is discovered. The indicator shows ‘StochOSC Bearish Divergence’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.052600000 – 0.0506 – 0.0487 – 0.0475 – 0.0468 – 0.0479 —
0.052600000 – 0.052000000 —
71.533353091374 – 67.04716882969 —
0.052600000 – 1772640000 —
– 1772640000

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