CFX/USDT – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The pair Conflux/Tether (CFX/USDT) goes from the ascending trendline downwards

The bearish trend down to the next support line at 0.04378 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.04844 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘Dark Cloud Cover’ candlestick chart pattern is existing. The chart shows ‘Dark Cloud Cover’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Dark Cloud Cover’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.04507 – 0.0446 – 0.04444 – 0.04378 – 0.04378 – 0.04342 —
0.045730000 – 0.045870000 —
73.858219029573 – 68.723962791879 —
– —
0.04507 – 1783000800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Dark Cloud Cover – Rising Wedge Chart Pattern – –