FLOKI/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at 0.000170290 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.000184870 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

Download FLOKI/USDT Signal Image

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing