CFX/USDT – 30M – SELL

The pair Conflux/Tether (CFX/USDT) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support at 0.04464 is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.04548 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. this 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’ heading down is 79%.

0.04548 – 0.04548 – 0.04562 – 0.04464 – 0.04434 – 0.04466 —
0.044970000 – 0.045400000 —
52.080560326102 – 58.037170268689 —
– —
0.04548 – 1781314200

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –