FLOKI/USDT – 30M – SELL

The pair Floki/Tether (FLOKI/USDT) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 0.000207770 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000241450 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.00020777 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.000241450 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download FLOKI/USDT Signal Image

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