FLOKI/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 0.000160140 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.000166700 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.000163405 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.000166700 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles form ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

Download FLOKI/USDT Signal Image

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Belt Hold