CFX/USDT – 1H – SELL

The currency pair Conflux/Tether (CFX/USDT) jumps from the bullish trendline down.

A bearish movement downwards to the next support line at 0.06089 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.06978 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.06237 – 0.06142 – 0.06199 – 0.06089 – 0.05958 – 0.05999 —
0.062460000 – 0.065750000 —
65.242601008829 – 50.375956695252 —
– —
0.06237 – 1777867200

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