CFX/USDT – 30M – SELL

The combination Conflux/Tether (CFX/USDT) moves from the ascending trendline downwards

A descent down to the next support at 0.04278 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.04367 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Inside Down’ chart pattern is detected. The chart shows ‘Three Inside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.04315 – 0.0428 – 0.04267 – 0.04278 – 0.04219 – 0.04218 —
0.043140000 – 0.043560000 —
61.393814860585 – 69.588530498869 —
– —
0.04315 – 1783647000

Trading Signals: CRYPTO – CFX – CFX/USDT – USDT – Three Inside Down – – –