FLOKI/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support level at 0.000168520 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000182750 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.00017379 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.000182750 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish signal. 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