CFX/USDT – 30M – SELL

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

A descending movement downwards to the next support level at 0.04643 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.0497 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.04579 – 0.04551 – 0.04548 – 0.04643 – 0.04391 – 0.04451 —
0.047620000 – 0.047850000 —
70.080739740783 – 63.89227205635 —
– —
0.04579 – 1781364600

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Black Crows – – –