CFX/USDT – 1H – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The combination Conflux/Tether (CFX/USDT) jumps from the bullish trendline down.

A bearish trend downwards to the next support at 0.04713 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.04945 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Besides a ‘Bearish Belt Hold’ candlestick chart pattern is found. The candles form ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.04945 – 0.0511 – 0.0532 – 0.04713 – 0.04715 – 0.04769 —
0.048170000 – 0.048440000 —
45.359391168725 – 45.96795780379 —
– —
0.04945 – 1782140400

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –