CFX/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 0.0475 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.04905 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Last Engulfing Top’ candle chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.04905 – 0.05116 – 0.05075 – 0.04811 – 0.04818 – 0.04841 —
0.048370000 – 0.047930000 —
42.216194245114 – 40.812682840461 —
– —
0.04905 – 1772906400

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Last Engulfing Top – – –