CFX/USDT – 30M – SELL

The currency pair Conflux/Tether (CFX/USDT) moves from the bullish trendline down.

The bearish trend downwards to the next support line at is considered certain.

Caution: A possible change in the direction of the resistance level at 0.04793 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

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

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.04592 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.04793 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Two Crows’ candle pattern is existing. The candles show ‘Two Crows’. which 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.04793 – 0.04579 – 0.04551 – 0.04643 – 0.04391 – 0.04451 —
0.047660000 – 0.047140000 —
56.711333601505 – 49.94817924522 —
– —
0.04793 – 1781528400

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