CFX/USDT – 30M – SELL

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

A bearish descent down to the next support at 0.04378 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.04844 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Bearish Belt Hold’ chart pattern is found. The chart forms ‘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’ going down is 68% (Bull Market) & 69% (Bear Market).

0.04507 – 0.0446 – 0.04444 – 0.04378 – 0.04378 – 0.04342 —
0.045740000 – 0.045760000 —
69.536618607539 – 61.968494359401 —
– —
0.04507 – 1783000800

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –