FLOKI/USDT – 30M – SELL

The currency pair Floki/Tether (FLOKI/USDT) jumps from the ascending trendline downwards

A bearish trend down to the next support at 0.000169000 will continue.

Caution: A possible change in the direction of the resistance zone at 0.000179500 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.00017274532 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 0.000179500 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download FLOKI/USDT Signal Image

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