CFX/USDT – 1H – SELLThe combination Conflux/Tether (CFX/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.04386 will continue.
Caution: A possible change in the direction of resistance at 0.0452 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Collapsing Doji Star’ candle pattern is detected. The chart forms ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.05239 |
| 2nd High | 0.04731 |
| Next High | 0.0452 |
| Current Price | 0.044210000 |
| Next Low | 0.04386 |
| 2nd Low | 0.04367 |
| 3rd Low | 0.04091 |
0.0452 – 0.04731 – 0.04679 – 0.04386 – 0.04445 – 0.04367 —
0.043980000 – 0.044620000 —
36.92934722375 – 54.618171302352 —
– —
0.0452 – 1781107200
Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Collapsing Doji Star – – –