FLOKI/USDT – 1H – SELL

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

The bearish trend downwards to the next support line at 0.000232610 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.000273210 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.00024635 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.000273210 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Download FLOKI/USDT Signal Image

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