CFX/USDT – 1H – SELL

The pair Conflux/Tether (CFX/USDT) moves from the ascending trendline down.

A bearish trend downwards to the next support at 0.0475 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.0526 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

There is also a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish signal. The currency 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).

0.0526 – 0.0487 – 0.051 – 0.0475 – 0.0468 – 0.0459 —
0.050630000 – 0.050600000 —
50.132280212962 – 53.920050355803 —
– —
0.0526 – 1772640000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –