FLOKI/USDT – 4H – SELL

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

A continuation of the bearish trend downwards to the next support at 2.0E-5 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 3.0E-5 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. this 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 chance of ‘Bearish Engulfing’ going down is 79%.

3.0E-5 – 3.0E-5 – 3.0E-5 – 3.0E-5 – 3.0E-5 – 3.0E-5 —
0.000028310 – 0.000027560 —
44.336875085836 – 41.349920468072 —
– —
3.0E-5 – 1772640000

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –