FLOKI/USDT – 1H – SELL

The pair Floki/Tether (FLOKI/USDT) goes from the bullish trendline down.

A bearish movement downwards to the next support line at 0.000207250 will persist.

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

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.00022414 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.000234830 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish pattern 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 Engulfing’ heading down is 79%.

Download FLOKI/USDT Signal Image

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing