FLOKI/USDT – 30M – SELLThe combination Floki/Tether (FLOKI/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support at 0.000221900 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.000236590 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Current target is 0.00023147452 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.000236590 could occur.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000244770 |
| 2nd High | 0.000238070 |
| Next High | 0.000236590 |
| Current Price | 0.000230390 |
| Next Low | 0.000221900 |
| 2nd Low | 0.000207250 |
| 3rd Low | 0.000206840 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing