Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.0002315724 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.000259000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ candlestick chart pattern is discovered. 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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000290000 |
2nd High | 0.000284080 |
Next High | 0.000259000 |
Current Price | 0.000235890 |
Next Low | 0.000223100 |
2nd Low | 0.000207250 |
3rd Low | 0.000206840 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing