FLOKI/USDT – 30M – SELL

The combination Floki/Tether (FLOKI/USDT) jumps from the ascending trendline down.

A descending movement downwards to the next support level at 0.000196100 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.000204500 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00019239 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000204500 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download FLOKI/USDT Signal Image

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Two Crows