CFX/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

A continuation of the downward movement down to the next support line at 0.0623 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.065020000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.065020000 – 0.06427 – 0.06437 – 0.0623 – 0.0622 – 0.0611 —
0.065020000 – 0.064450000 —
61.196288158172 – 53.319008464979 —
0.065020000 – 1778131800 —
– 1778131800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –