FLOKI/USDT – 30M – SELL

The combination Floki/Tether (FLOKI/USDT) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 0.000251090 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000265870 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.00025291 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000265870 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Download FLOKI/USDT Signal Image

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows