CFX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.05805 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.05999 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.05999 – 0.06012 – 0.06008 – 0.05805 – 0.05921 – 0.06061 —
0.059920000 – 0.059360000 —
51.285955207443 – 44.902633066989 —
– —
0.05999 – 1777352400

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Outside Down – – –