CFX/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support level at 0.05851 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.06057 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

0.06057 – 0.06205 – 0.06012 – 0.05851 – 0.05625 – 0.05811 —
0.059560000 – 0.060030000 —
56.638825895917 – 54.192296042698 —
– —
0.06057 – 1777554000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – – – –