FLOKI/USDT – 30M – SELL

The pair Floki/Tether (FLOKI/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at 0.000207250 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000234830 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.00022266 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000234830 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. 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