Sell FLOKI/USDT – 30M – SELL

The pair Floki/Tether (FLOKI/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support line at 0.000138620 is certain.

Caution: A possible change in the direction of the resistance zone at 0.000232820 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.00016639 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.000232820 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 0.000259000
2nd High 0.000241900
Next High 0.000232820
Current Price 0.000162490
Next Low 0.000138620
2nd Low 0.000135340
3rd Low 0.000133530

Download FLOKI/USDT Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals