CFX/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 0.048180000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.05116 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Bearish Belt Hold’ candle pattern is existing. The candles form ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.05116 – 0.05075 – 0.05092 – 0.048180000 – 0.04841 – 0.04986 —
0.048380000 – 0.048980000 —
31.485871437292 – 40.438094518893 —
0.048180000 – 1772866800 —
0.05116 – 1772785800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Belt Hold – – –