CFX/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 0.04231 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.04424 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Bearish Belt Hold’ chart pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.04424 – 0.04844 – 0.04945 – 0.04231 – 0.04561 – 0.04735 —
0.043810000 – 0.043610000 —
44.441879454002 – 42.223264520845 —
– —
0.04424 – 1782338400

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Belt Hold – – –