FLOKI/USDT – 1H – SELL

The combination Floki/Tether (FLOKI/USDT) moves from the descending trendline down.

A continuation of the downtrend down to the next support line at 0.000225340 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.000238070 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 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.00021825528 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.000238070 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

Download FLOKI/USDT Signal Image

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