FLOKI/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 0.000223050 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.000242310 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.00022478 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.000242310 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download FLOKI/USDT Signal Image

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