CFX/USDT – 30M – SELLThe currency pair Conflux/Tether (CFX/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support line at 0.06043 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.06814 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.06814 |
| Current Price | 0.066390000 |
| Next Low | 0.06043 |
| 2nd Low | 0.05412 |
| 3rd Low | 0.05128 |
0.06814 – 0.06619 – 0.06579 – 0.06043 – 0.05412 – 0.0557 —
0.067700000 – 0.066530000 —
56.873203568098 – 58.003832451822 —
– —
0.06814 – 1773684000
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Belt Hold – – –