CFX/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 0.04434 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.04548 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

And also a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. 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 likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.04548 – 0.04548 – 0.04562 – 0.04434 – 0.04466 – 0.04467 —
0.044930000 – 0.045380000 —
50.689853325636 – 60.300356564954 —
– —
0.04548 – 1781314200

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