CFX/USDT – 30M – SELL

The combination Conflux/Tether (CFX/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support line at 0.04811 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.05116 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.05116 – 0.05075 – 0.05092 – 0.04811 – 0.04818 – 0.04841 —
0.048900000 – 0.048850000 —
44.521814861321 – 46.996188742577 —
– —
0.05116 – 1772785800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Black Crows – – –