CFX/USDT – 30M – SELL

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

The bearish trend downwards to the next support line at 0.0499 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.0526 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Collapsing Doji Star’ candlestick pattern is existing. The candles show ‘Collapsing Doji Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

0.0526 – 0.0506 – 0.0487 – 0.0499 – 0.0475 – 0.0468 —
0.050400000 – 0.050540000 —
45.380480524373 – 50.411854127182 —
– —
0.0526 – 1772640000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Collapsing Doji Star – Symmetrical Triangle Chart Pattern – –